Holdings in Company

The Board of abrdn Private Equity Opportunities Trust plc ("the Company") has received notification from Phoenix Group Holdings plc ("Phoenix Group") that the shares in the Company held by Standard Life Assurance Limited ("SLAL") and Phoenix Life Assurance Limited ("PLAL") have been transferred intra-group to Phoenix Life Limited ("PLL"). Phoenix Group holds, through its subsidiaries, 53.72 per cent. of the Company's shares.

This transfer is part of the wider intra-group transfer by the Phoenix Group of the insurance businesses of SLAL and PLAL to PLL which has been effected pursuant to an insurance business transfer scheme under Part VII of the Financial Services and Markets Act 2000 ("the Scheme"). The Scheme became operative at 23:59 on Friday, 27 October 2023 but with effect from 23:59 on Saturday, 30 September 2023.

For further information please contact:

Paul Evitt

Company Secretary

abrdn Holdings Limited

0131 372 2200

Alan Gauld

Investment Manager

abrdn Capital Partners LLP

0131 528 4424

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