5 October 2021

Aseana Properties Limited

("Aseana" or the "Company")

Shares in Public Hands - Update

On 20 August 2021, the Board of the Company announced that the number of ordinary shares which are deemed by the Listing Rules to be held in public hands was 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.

Further to the previous announcement, the Company has now received a temporary modification from the FCA to permit the level of shares to be below the minimum threshold. This temporary modification will expire in 6 months time. During this time, the Company will continue to monitor its share register and work towards restoring the number of shares in public hands back to the minimum level from a current position of approximately 21%.

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