Business

Grant of Options

On October 27, 2025, ASA International Group PLC granted options over 277,676 ordinary shares of £0.01 each to Executive Directors and Persons Discharging Managerial Responsibilities under its Long-Term Incentive Plan. The options vest based on the growth in book value per share between June 30, 2025, and June 30, 2028, with vesting percentages tied to growth targets: below 33.1% total growth results in 0% vesting, 33.1% growth yields 25% vesting, 52.09% growth yields 50% vesting, and 72.8% or higher growth results in 100% vesting. Vested options are exercisable at £1.79 per share, with 60% vesting on October 27, 2028, and the remaining 40% vesting in two equal installments on October 27, 2029, and October 27, 2030. Disclaimer*

Asa International Group PlcOctober 28, 20253
Grant of Options

About this update from Asa International Group Plc

ASA International Group plc - Grant of Options ASA International Group plc (LSE: ASAI), one of the world's largest international microfinance institutions, announces that on 27 October 2025 it has granted options over 277,676 ordinary shares of £0.01 each under its Long-Term Incentive Plan to Executive Directors and Persons Discharging Managerial Responsibilities. The Long-Term Incentive Plan aims to motivate and retain directors and senior management, while also aligning their interests with those of shareholders to foster long-term value creation. Vesting of these options will be subject to meeting targets related to the growth in book value of the Company (defined in the financial statements as " Total Equity Attributable to Equity Holders of the Parent ") between 30 June 2025 and 30 June 2028 on a per share basis. The Threshold, Target and Stretch targets have been formulated as a sliding scale:     3-year growth in book value per share Maximum % of options vesting <10% CAGR (i.e. <33.1% total growth) 0 Threshold 10% CAGR (i.e. 33.1% total growth) 25 Target 15% CAGR (i.e. 52.09% total growth) 50 Stretch ≥20% CAGR (i.e. 72.8% total growth) 100 Note: Total growth refers to actual growth over the three year period. The Directors shall retain discretion regarding the precise methodology for measurement of the growth in book value per share; for example, taking into account the impact of foreign exchange rates or one-off accounting items. The options will normally vest, subject to continued employment and meeting the above targets, on the following schedule: § 27 October 2028 - 60% of options § 27 October 2029 - 20% of options § 27 October 2030 - 20% of options To the extent they vest, the options are exercisable at a price of £1.79 per ordinary share, being the average share price for the three business days before the grant date. The following disclosures are made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014 as it forms part of UK law. Notification of Transactions of Persons Discharging Managerial Responsibilities 1          Details of the person discharging managerial responsibilities / person closely associated (a)      Name Rob Keijsers 2          Reason for the notification (a)      Position/status Chief Executive Officer / PDMR (b)     Initial notification/Amendment Initial notification 3          Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor (a)      Name ASA International Group plc (b)     LEI 213800NSIUMXPDHUEO94 4          Details of the transaction(s) (a)      Description of the financial instrument, type of instrument Ordinary shares of 1p each Identification code GB00BDFXHW57 (b)     Nature of the transaction Grant of options with £1.79 exercise price under the ASA International Long-Term Incentive Plan (c)      Currency GBP (d)     Price(s) and volume(s) Price Volume Total Nil 122,672 N/A (e)      Aggregated information Price Volume Total Nil 122,672 N/A (f)      Date of the transaction 2025-10-27 (g)     Place of the transaction Outside a trading venue   1          Details of the person discharging managerial responsibilities / person closely associated (a)      Name Martijn Bollen 2          Reason for the notification (a)      Position/status Chief Legal Officer / PDMR (b)      Initial notification/Amendment Initial notification 3          Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor (a)      Name ASA International Group plc (b)      LEI 213800NSIUMXPDHUEO94 4          Details of the transaction(s) (a)      Description of the financial instrument, type of instrument Ordinary shares of 1p each Identification code GB00BDFXHW57 (b)      Nature of the transaction Grant of options with £1.79 exercise price under the ASA International Long-Term Incentive Plan (c)      Currency GBP (d)      Price(s) and volume(s) Price Volume Total Nil 37,389 N/A (e)      Aggregated information Price Volume Total Nil 37,389 N/A (f)      Date of the transaction 2025-10-27 (g)      Place of the transaction Outside a trading venue   1          Details of the person discharging managerial responsibilities / person closely associated (a)      Name Steven van Zuylen 2          Reason for the notification (b)      Position/status Chief Technology Officer / PDMR (c)      Initial notification/Amendment Initial notification 3          Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor (d)      Name ASA International Group plc (e)      LEI 213800NSIUMXPDHUEO94 4          Details of the transaction(s) (f)      Description of the financial instrument, type of instrument Ordinary shares of 1p each Identification code GB00BDFXHW57 (g)      Nature of the transaction Grant of options with £1.79 exercise price under the ASA International Long-Term Incentive Plan (h)      Currency GBP (i)       Price(s) and volume(s) Price Volume Total Nil 31,339 N/A (j)       Aggregated information Price Volume Total Nil 31,339 N/A (k)      Date of the transaction 2025-10-27 (l)       Place of the transaction Outside a trading venue   1          Details of the person discharging managerial responsibilities / person closely associated (a)      Name Grace Thiongo 2          Reason for the notification (b)      Position/status Chief Risk and Compliance Officer / PDMR (c)      Initial notification/Amendment Initial notification 3          Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor (d)      Name ASA International Group plc (e)      LEI 213800NSIUMXPDHUEO94 4          Details of the transaction(s) (f)      Description of the financial instrument, type of instrument Ordinary shares of 1p each Identification code GB00BDFXHW57 (g)      Nature of the transaction Grant of options with £1.79 exercise price under the ASA International Long-Term Incentive Plan (h)      Currency GBP (i)       Price(s) and volume(s) Price Volume Total Nil 24,182 N/A (j)       Aggregated information Price Volume Total Nil 24,182 N/A (k)      Date of the transaction 2025-10-27 (l)       Place of the transaction Outside a trading venue   1          Details of the person discharging managerial responsibilities / person closely associated (a)      Name Sivan Maron / PDMR 2          Reason for the notification (b)      Position/status Chief Human Resources Officer (c)      Initial notification/Amendment Initial notification 3          Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor (d)      Name ASA International Group plc (e)      LEI 213800NSIUMXPDHUEO94 4          Details of the transaction(s) (f)      Description of the financial instrument, type of instrument Ordinary shares of 1p each Identification code GB00BDFXHW57 (g)      Nature of the transaction Grant of options with £1.79 exercise price under the ASA International Long-Term Incentive Plan (h)      Currency GBP (i)       Price(s) and volume(s) Price Volume Total Nil 20,157 N/A (j)       Aggregated information Price Volume Total Nil 20,157 N/A (k)      Date of the transaction 2025-10-27 (l)       Place of the transaction Outside a trading venue   1          Details of the person discharging managerial responsibilities / person closely associated (a)      Name Tanwir Rahman 2          Reason for the notification (b)      Position/status Chief Financial Officer / PDMR (c)      Initial notification/Amendment Initial notification 3          Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor (d)      Name ASA International Group plc (e)      LEI 213800NSIUMXPDHUEO94 4          Details of the transaction(s) (f)      Description of the financial instrument, type of instrument Ordinary shares of 1p each Identification code GB00BDFXHW57 (g)      Nature of the transaction Grant of options with £1.79 exercise price under the ASA International Long-Term Incentive Plan (h)      Currency GBP (i)       Price(s) and volume(s) Price Volume Total Nil 19,679 N/A (j)       Aggregated information Price Volume Total Nil 19,679 N/A (k)      Date of the transaction 2025-10-27 (l)       Place of the transaction Outside a trading venue   1          Details of the person discharging managerial responsibilities / person closely associated (a)      Name Mohammed Azim Hossain 2          Reason for the notification (b)      Position/status Chief of Operations / PDMR (c)      Initial notification/Amendment Initial notification 3          Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor (d)      Name ASA International Group plc (e)      LEI 213800NSIUMXPDHUEO94 4          Details of the transaction(s) (f)      Description of the financial instrument, type of instrument Ordinary shares of 1p each Identification code GB00BDFXHW57 (g)      Nature of the transaction Grant of options with £1.79 exercise price under the ASA International Long-Term Incentive Plan (h)      Currency GBP (i)       Price(s) and volume(s) Price Volume Total Nil 18,359 N/A (j)       Aggregated information Price Volume Total Nil 18,359 N/A (k)      Date of the transaction 2025-10-27 (l)       Place of the transaction Outside a trading venue   1          Details of the person discharging managerial responsibilities / person closely associated (a)      Name Mohammed Ezazul Islam 2          Reason for the notification (b)      Position/status Head of Internal Audit / PDMR (c)      Initial notification/Amendment Initial notification 3          Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor (d)      Name ASA International Group plc (e)      LEI 213800NSIUMXPDHUEO94 4          Details of the transaction(s) (f)      Description of the financial instrument, type of instrument Ordinary shares of 1p each Identification code GB00BDFXHW57 (g)      Nature of the transaction Grant of options with £1.79 exercise price under the ASA International Long-Term Incentive Plan (h)      Currency GBP (i)       Price(s) and volume(s) Price Volume Total Nil 3,899 N/A (j)       Aggregated information Price Volume Total Nil 3,899 N/A (k)      Date of the transaction 2025-10-27 (l)       Place of the transaction Outside a trading venue Contact Details ASA International Group plc Investor Relations Jonathan Berger [email protected] About ASA International Group plc ASA International Group plc (LSE: ASAI) is one of the world's largest international microfinance institutions, with a strong commitment to financial inclusion and socioeconomic progress. The company provides small, socially responsible loans to low-income, financially underserved entrepreneurs, predominantly women, across South Asia, South East Asia, West and East Africa. Disclaimer 'ASA International', the 'Company', the 'Group' all refer to ASA International Group plc and its subsidiaries. This announcement does not constitute or form part of any offer or invitation to purchase, otherwise acquire, issue, subscribe for, sell or otherwise dispose of any securities, nor any solicitation of any offer to purchase, otherwise acquire, issue, subscribe for, sell, or otherwise dispose of any securities. The release, publication or distribution of this announcement in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this announcement is released, published or distributed should inform themselves about and observe such restriction.

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