Gearing disclosure

Net Gearing Ratio

16 March 2026

abrdn Holdings Limited announces the indicative net gearing ratio of the following investment companies as at close of business on 13 March 2026, calculated in accordance with the recommendations of the Association of Investment Companies. Underlying financial assets are valued on a fair value basis using bid prices or, if more appropriate, a last trade basis and debt (net of cash held) is valued at par.