Schroders : Schroder AsiaPacific Fund plc

Schroder AsiaPacific Fund plc (the "Company") hereby submits its Half Year Report for the six months ended 31 March 2024 as required by the Financial Conduct Authority's Disclosure Guidance and Transparency Rule 4.2.

Key highlights

• Over the six months ended 31 March 2024, the Company's NAV per share produced a total return of 5.7%, slightly ahead of the 5.3% total return from the Benchmark. The share price produced a total return of 4.4% over the period.
• The Company continued to be active in buying back its shares during the period and a total of 3,582,000 shares were purchased for cancellation over that time at a cost of £17,312,000.
• The Company was 2.1% geared at the start of the period, and as at 31 March 2024 this had increased to 3.1%. The Board continues to keep gearing under consideration and the Manager has access to a £75 million revolving credit facility, as well as an overdraft facility.
• Whilst prospects for Asian markets remain challenging, with news flow from China dominating, our portfolio managers are well positioned to find opportunities to capitalise on the long-term growth drivers of the region.

The Half Year Report is also being published in hard copy format and an electronic copy of that document will shortly be available to download from the Company's web pages www.schroders.co.uk/asiapacific.

The Company has submitted a copy of its Half Year Report to the National Storage Mechanism and it will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism

Enquiries:

Schroder Investment Management Limited

Augustine Chipungu (Press)	020 7658 2106
Kerry Higgins	020 7658 6189