Retirement of Executive Director Aminur Rashid

Press Release

ASA International Group plc reports retirement of Executive Director Aminur Rashid

London, United Kingdom / Amsterdam, The Netherlands, 16 June 2023 - ASA International Group plc ('ASA International', the 'Company' or the 'Group'), one of the world's largest international microfinance institutions, today announces the retirement of Mr. Aminur Rashid, Executive Director of ASA International as of 30 June 2023. Mr. Rashid recently informed the Board of his desire to retire from the Company after having worked for ASA NGO (Bangladesh) and ASA International for more than 35 years.

Aminur Rashid, Executive Director, comments:

"After having worked in the field of microfinance for my full professional career, I recently decided to retire from ASA International and spend more time with family and friends. I have been very fortunate in helping to build these two institutions. I wish my colleagues at ASA International all the best in serving more and more clients now Covid has gone mostly out of the way."

Dirk Brouwer, Co-founder and Deputy Chairman of the Board, comments:

"With regret I have accepted Aminur's decision to retire from ASA International. Aminur has been a great friend and colleague in building ASA International for so many years. After Shafiq Choudhury's passing, Aminur assumed responsibility for managing our operations from Dhaka. His commitment to our mission and his detailed knowledge of all the intricacies of microfinance, have been of great value to our Company. I wish Aminur and his family all the best in spending more time together and look forward to staying in touch."

Guy Dawson, Chairman of the Board, comments:

"I would like to thank Aminur for his valuable service to our Company for so many years. Aminur has been an excellent Executive Director and we wish him all the best with his future endeavours."

Enquiries:

ASA International Group plc

Investor Relations                                                                                          

Mischa Assink                                                                                    ir@asa-international.com

About ASA International Group plc

ASA International Group plc (ASAI: LN) is one of the world's largest international microfinance institutions, with a strong commitment to financial inclusion and socioeconomic progress. The company provides small, socially responsible loans to low-income, financially underserved entrepreneurs, predominantly women, across South Asia, South East Asia, West and East Africa.