THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO, THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY MEMBER STATE OF THE EUROPEAN ECONOMIC AREA OR INTO ANY OTHER JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OR BREACH OF ANY APPLICABLE LAW.

2 February 2022

abrdn European Logistics Income plc

Result of Placing and Retail Offer

Further to the announcement of 12 January 2022, the Board of abrdn European Logistics Income plc (the "Company" or "ASLI") announces that it has raised £38 million (€45.6 million) in aggregate via the Placing pursuant to the Share Issuance Programme and the Retail Offer.  

Tony Roper, Chairman of ASLI said:

"Despite the recent market volatility, we are pleased to welcome a number of new shareholders to the register, in addition to support from our existing shareholders. The Company has made significant progress since September 2021, raising €192 million across two equity issues and acquiring the last-mile logistics portfolio in Madrid for €227 million. The Investment Manager's near-term pipeline remains strong and we look forward to updating investors on these new acquisitions in the coming months."   

Application for Admission

A total of 34,545,455 new Ordinary Shares will be issued at a price of 110 pence per new Ordinary Share pursuant to the Placing and the Retail Offer. Application has been made for the new Ordinary Shares to be admitted to the premium segment of the Official List of the FCA and to trading on the Main Market of the London Stock Exchange. It is expected that Admission in respect of the new Ordinary Shares will become effective, and that dealings in the new Ordinary Shares will commence, at 8.00 a.m. on Friday, 4 February 2022.

Total Voting Rights

On Admission, the Company's issued share capital will consist of 412,174,356 Ordinary Shares with voting rights. This figure may be used by Shareholders in determining the denominator for the calculation by which they will establish if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

LEI: 213800I9IYIKKNRT3G50

For further information:

Aberdeen Standard Fund Managers Limited                 +44 (0) 20 7463 6000

Luke Mason

Gary Jones

Investec Bank plc                                                             +44 (0) 20 7597 4000

David Yovichic, Denis Flanagan (Corporate Finance)

Dominic Waters, Will Barnett, Neil Brierley, Jack Kershaw, Alice Douglas (Sales)

FTI Consulting                                                                  +44 (0) 20 3727 1000

Dido Laurimore

Richard Gotla

James McEwan

Important Information

Terms defined in the Company's announcement dated 12 January 2022 shall have the same meanings when used in this Announcement.

This Announcement is not an offer to sell or a solicitation of any offer to buy the Ordinary Shares in the Company in the United States, Australia, Canada, the Republic of South Africa, Japan, or any member state of the EEA or in any other jurisdiction where such offer or sale would be unlawful.