25 September 2025

abrdn New India Investment Trust plc

Non-Material Change to Investment Policy

The Board of abrdn New India Investment Trust plc (the "Company") has agreed a non-material change to the Company's investment policy that will enable the investment manager to ensure that the weightings in the portfolio reflect their conviction in the underlying stocks following recent changes to the MSCI India Index constituents. The investment policy has been amended to allow an increase in the permitted exposure to individual issuers relative to their respective weighting in the MSCI India Index which is measured at the time an investment is made. Currently, the investment restriction is the higher of (i) 10% of the Company's net assets or (ii) the individual issuer's weight in the MSCI India Index (in sterling terms) plus 2%, although there is a maximum permitted exposure to a single issuer of 20% of the Company's net assets at all times. The Board has agreed to increase the percentage referred to in paragraph (ii) to 'MSCI India Index (in sterling terms) plus 3.5%'. The overarching single issuer limit of 20% of net assets remains unchanged.

The revised investment restriction is:

 "No individual issuer is expected normally to represent a greater weight in the portfolio than the higher of (i) 10% of the Company's net assets or (ii) the individual issuer's weight in the MSCI India Index (in sterling terms) plus 3.5%, both as measured at the time of each investment, although there is a maximum permitted exposure to a single issuer of 20% of the Company's net assets at all times."

Enquiries:

For further information, please contact:

abrdn Holdings Limited
Secretaries
Email:  [email protected]

LEI: 549300D2AW66WYEVKF02