Ashoka WhiteOak Emerging Markets Trust Plc – Holding(s) in Company

TR-1: Standard form for notification of major holdings

1. Issuer Details

ISIN

GB00BMZR7D19

Issuer Name

ASHOKA WHITEOAK EMERGING MARKETS TRUST PLC

UK or Non-UK Issuer

UK

2. Reason for Notification

An event changing the breakdown of voting rights

3. Details of person subject to the notification obligation

Name

PRASHANT RAJENDRA KHEMKA

City of registered office (if applicable)

Singapore

Country of registered office (if applicable)

Singapore

4. Details of the shareholder

Full name of shareholder(s) if different from the person(s) subject to the
notification obligation, above

City of registered office (if applicable)

Country of registered office (if applicable)

5. Date on which the threshold was crossed or reached

27-Jan-2026

6. Date on which Issuer notified

28-Jan-2026

7. Total positions of person(s) subject to the notification obligation

+—————-+———–+——————+———+———–+
|. |% of voting|% of voting rights|Total of |Total |
| |rights |through financial |both |number of |
| |attached to|instruments (total|in % (8.A|voting |
| |shares |of 8.B 1 + 8.B 2) |+ |rights held|
| |(total | |8.B) |in issuer |
| |of 8.A) | | | |
+—————-+———–+——————+———+———–+
|Resulting |18.990000 |0.000000 |18.990000|7500000 |
|situation on the| | | | |
|date on | | | | |
|which threshold | | | | |
|was crossed or | | | | |
|reached | | | | |
+—————-+———–+——————+———+———–+
|Position of |19.850000 |0.000000 |19.850000| |
|previous | | | | |
|notification | | | | |
|(if applicable) | | | | |
+—————-+———–+——————+———+———–+

8. Notified details of the resulting situation on the date on which the
threshold was crossed or reached

8A. Voting rights attached to shares

+————+—————-+——————+————-+————-+
|Class/Type |Number of direct|Number of indirect|% of direct |% of indirect|
|of shares |voting rights |voting rights |voting rights|voting rights|
|ISIN code(if|(DTR5.1) |(DTR5.2.1) |(DTR5.1) |(DTR5.2.1) |
|possible) | | | | |
+————+—————-+——————+————-+————-+
|GB00BMZR7D19|7500000 |0 |18.990000 |0.000000 |
+————+—————-+——————+————-+————-+
|Sub Total |7500000 |18.990000% |
|8.A | | |
+————+—————-+——————+————-+————-+

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

+———-+———-+———+———————————–+——+
|Type of |Expiration|Exercise/|Number of voting rights that may be|% of |
|financial |date |conve |acquired if the instrument is |voting|
|instrument| |rsion |exercised/converted |rights|
| | |period | | |
+———-+———-+———+———————————–+——+
| | | | | |
+———-+———-+———+———————————–+——+
|Sub Total | | | |
|8.B1 | | | |
+———-+———-+———+———————————–+——+

8B2. Financial Instruments with similar economic effect according to
(DTR5.3.1R.(1) (b))

+————–+———-+————–+———–+———+——+
|Type of |Expiration|Exercise/conve|Physical or|Number of|% of |
|financial |date |rsion period |cash |voting |voting|
|instrument | | |settlement |rights |rights|
+————–+———-+————–+———–+———+——+
| | | | | | |
+————–+———-+————–+———–+———+——+
|Sub Total 8.B2| | | |
+————–+———-+————–+———–+———+——+

9. Information in relation to the person subject to the notification obligation

1. Person subject to the notification obligation is not controlled by any
natural person or legal entity and does not control any other undertaking(s)
holding directly or indirectly an interest in the (underlying) issuer.

+———–+———–+——————+———–+—————-+
|Ultimate |Name of |% of voting rights|% of voting|Total of both if|
|controlling|controlled |if it equals or is|rights |it equals or is |
|person |undertaking|higher than the |through |higher than the |
| | |notifiable |financial |notifiable |
| | |threshold |instruments|threshold |
| | | |if it | |
| | | |equals or | |
| | | |is higher | |
| | | |than the | |
| | | |notifiable | |
| | | |threshold | |
+———–+———–+——————+———–+—————-+
| | | | | |
+———–+———–+——————+———–+—————-+

10. In case of proxy voting

Name of the proxy holder

The number and % of voting rights held

The date until which the voting rights will be held

11. Additional Information

12. Date of Completion

28-Jan-2026

13. Place Of Completion

Singapore

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