20 August 2021

Aseana Properties Limited

("Aseana" or the "Company")

Shares in Public Hands

The Board of the Company announces that the number of ordinary shares which are deemed by the Listing Rules to be held in public hands is below the minimum 25% threshold.  The Listing Rules provide that shares are not considered to be held in public hands if they are held by persons (or persons in the same group or persons acting in concert) who have an interest in 5% or more of a listed company's share capital.

The Company's shares in public hands is currently estimated to be approximately 21%. The Board have commenced discussions with the FCA with a view to obtaining a temporary modification of the relevant Listing Rule. The Company will make a further announcement, as appropriate, in due course.

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