Ashoka India Equity Investment Trust : General Meeting Resolutions

ASHOKA INDIA EQUITY INVESTMENT TRUST PLC

COMPANY No. 11356069

COMPANY LIMITED BY SHARES

INCORPORATED UNDER THE COMPANIES ACT 2006

This is to confirm that, at the General Meeting of Ashoka India Equity Investment Trust plc, duly convened and held at the offices of Apex Listed Companies Services (UK) Limited, 6th Floor, 125 London Wall, London EC2Y 5AS on 3 May 2024 at 10.30 a.m, the following resolutions were passed. Resolution 3 was passed as a special resolution.

ORDINARY RESOLUTIONS

1. THAT the directors of the Company (the "Directors") be and are hereby generally and unconditionally authorised, in addition to any existing authorities, pursuant to and in accordance with section 551 of the Companies Act 2006 (the "Act"), to exercise all the powers of the Company to allot redeemable ordinary shares of £0.01 each in the capital of the Company ("Ordinary Shares"), up to an aggregate nominal amount of £1,500,000 in connection with the Share Issuance Programme (as defined and described in the circular to shareholders dated 16 April 2024 of which this notice forms part (the "Circular")), such authority to expire 15 months from the date that this Resolution 1 is passed (unless previously revoked or varied by the Company in general meeting), save that the Company may, at any time prior to the expiry of such authority, make an offer or enter into an agreement which would or might require Ordinary Shares to be allotted and the Directors may allot Ordinary Shares in pursuance of such an offer or agreement as if the authority conferred hereby had not expired

2. THAT, the proposed investment policy as set out in the Circular, of which this notice forms part, be and is hereby adopted as the investment policy of the Company to the exclusion of the existing investment policy of the Company.

SPECIAL RESOLUTION

3. THAT, subject to the passing of Resolution 1 above, in addition to any existing authorities, the Directors be and are hereby empowered, pursuant to sections 570 and 573 of the Act, to allot Ordinary Shares for cash pursuant to the authority referred to in Resolution 1 above or sell Ordinary Shares from treasury for cash as if section 561 of the Act did not apply to any such allotment or sale provided that this power: (i) shall be limited to the allotment or sale of Ordinary Shares up to an aggregate nominal amount of £1,500,000; and (ii) shall expire 15 months from the date that this Resolution 3 is passed (unless previously revoked or varied by the Company in general meeting), save that the Company may, at any time prior to the expiry of such power, make an offer or enter into an agreement which would or might require Ordinary Shares to be allotted or sold after the expiry of such power, and the Directors may allot or sell Ordinary Shares in pursuance of such an offer or agreement as if such power had not expired.