ABRDN NEW INDIA INVESTMENT TRUST PLC

LEI - 549300D2AW66WYEVKF02

Appointment of Non-Executive Director

20 November 2024

The Board of abrdn New India Investment Trust PLC (the "Company") is pleased to announce the appointment of Irina Miklavchich as an independent non-executive Director of the Company with effect from 20 November 2024 following a search conducted by an independent recruitment consultancy.

Irina was formerly an Executive Director in Equities Trading at UBS Investment Bank and, prior to that, she was the Head of Emerging Markets Equities desk and Fund Manager of the Global Emerging Markets Fund at Columbia Threadneedle (EMEA) for over six years. Before that, she spent eight years at Goldman Sachs, initially as an equity research analyst with the Emerging Markets and Global Financials teams at Goldman Sachs Asset Management and latterly as a portfolio manager and research analyst with Goldman Sachs Principal Strategies.

Irina possesses strong expertise in investing in Emerging Markets incorporating fundamental company analysis, portfolio construction and risk diversification across sectors and geographies. Through her experience in fund management, Irina has in-depth knowledge of Emerging Markets economies including China, India and Brazil, as well as other countries in Asia, Latin America and the EMEA region. 

Michael Hughes, Chairman of the Company, said: "The Directors are delighted to welcome Irina to the Board.  Irina brings to the Company considerable and relevant investment management experience, with a particular focus on emerging market equities. The Board very much looks forward to working with Irina."

There are no other disclosures required to be made for Irina Miklavchich in respect of paragraphs UKLR 6.4.8R (1) - (6) of the Financial Conduct Authority's Listing Rules.

Irina Miklavchich, or her Persons Closely Associated, hold no interest in the Company's shares.

For further information, please contact:

Stuart Reid

abrdn Holdings Limited

Secretaries

Email: cef.cosec@abrdn.com