Schroder Oriental Income Fund Limited will seek shareholder approval for a share repurchase program at its Extraordinary General Meeting to be held on June 6, 2013. Under the program, Schroder Oriental Income Fund will repurchase up to 28,528,143 shares, representing 14.99% of its issued capital. The minimum price which may be paid per ordinary share will be £0.01.

The maximum price which may be paid for any ordinary share will be equal to the amount 105% of the average of the closing price of the company's ordinary shares as derived from the London Stock Exchange Daily Official List for the five business days immediately preceding the day on which such share is contracted to be purchased and the higher of the price of the last independent trade in the Ordinary Shares of that class and the highest then current independent bid for the Ordinary Shares of that class on the London Stock Exchange. The share repurchase program will expire at the conclusion of the next Annual General Meeting, unless previously renewed, varied or revoked by the company in a general meeting. As of May 7, 2013, the company has 190,314,500 ordinary shares in issue.