Ashoka WhiteOak Issues New Shares to Acorn Asset Management

Ashoka WhiteOak Emerging Markets Trust plc (the Company) announced on July 24, 2026, that it has issued 646,422 new ordinary shares, each with a nominal value of one penny, to its investment manager, Acorn Asset Management Ltd. The shares represent the performance fee that has become due for the period from May 12, 2023, to March 31, 2026.

This marks the first performance fee payable by the company. As outlined in the Company's prospectus published in April, the established procedure for settling performance fees is through the issuance of new ordinary shares. The current issuance adheres to this policy.

The share issuance fulfills the company's obligation regarding the performance fee without impacting its investment strategy directly. Further details regarding the performance fee structure and the terms of the share issuance are available in the company's previously published offering documents.