Performance-linked tender test satisfied & renewed

(LSE:AAS) Aberdeen Asia Focus PLC announced that its performance has exceeded the trigger benchmark of the five-year performance-linked conditional tender test, introduced in August 2021. The Company's performance has significantly exceeded the MSCI AC Asia ex Japan Small Cap Index by 29.4%. Over the five-year measurement period from 1 August 2021 to 31 July 2026, the Company's NAV total return per share (Basic) was 67.2%, compared to the Index total return of 37.8%. The Board intends to renew the performance-linked conditional tender mechanism for a further five-year assessment period on materially the same terms. Under the renewed mechanism, if the Company's NAV total return fails to equal or exceed the total return of the MSCI AC Asia ex Japan Small Cap Index (in GBP terms) over the new assessment period, the Board would put forward proposals to enable shareholders to realise a proportion of their holdings for cash at a level close to NAV, less the costs of the tender offer, capped at 25 per cent. of the Company's then issued share capital.

Aberdeen Asia Focus — Agreement with Saba

(LSE:AAS) Aberdeen Asia Focus PLC announced that it has entered into a three-year agreement with abrdn Fund Managers Limited and Saba Capital Management L.P. on 3 August 2026. Under the Agreement, Saba has given several undertakings to the Company, including not putting forward any proposals to shareholders, not requisitioning any resolution or general meeting, not seeking to change the composition of the Board, not seeking to control or influence the Board or Company or its policies or management, not voting against the recommendation of the Board on any resolution, and not engaging in any short selling of the Company's shares. These undertakings will last until the earlier of the conclusion of the Company's 2029 annual general meeting of shareholders or the date abrdn Fund Managers Limited ceases to be appointed as the Company's alternative investment fund manager. The Agreement does not restrict Saba's ability to vote in favour of or accept any takeover offer for the Company, nor does it restrict Saba's ability to deal in Shares other than short selling. At the date of this announcement, the Board is not aware of any significant holding by Saba in the Company's Ordinary shares. The announcement was provided by RNS, the news service of the London Stock Exchange, and is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.