Declaration of Interim Dividend

abrdn European Logistics Income plc

LEI: 213800I9IYIKKNRT3G50

DECLARATION OF INTERIM DISTRIBUTION

23 May 2024 - abrdn European Logistics Income plc (LSE: ASLI), the Company which invests in a diversified portfolio of European logistics properties, announces an interim distribution for the year ending 31 December 2024.

The Board has declared an interim distribution of 1.41 euro cents (equivalent to 1.21 pence) per Ordinary share, in respect of the year ending 31 December 2024 (2023: 1.41 euro cents), payable in sterling on 5 July 2024 to Ordinary shareholders on the register on 7 June 2024 (ex-dividend date of 6 June 2024).

Following the announcement of the conclusion of the Strategic Review on 20 May 2024, the Board intends to put forward proposals to shareholders for a managed wind-down of the Company (the "Managed Wind-Down"). Accordingly, the Company expects to publish a circular in June 2024 to convene a general meeting at which it will seek approval from shareholders for the proposed new investment policy by way of ordinary resolution. Should shareholders vote to approve the Managed Wind-Down, as the portfolio asset disposal programme commences, the income generated by the Company will diminish. As a result, the Company's ability to maintain the current level and frequency of distributions will also decrease.

Distributions will be required to ensure that the Company's investment trust status is maintained through the process and may take the form of either dividend income or "qualifying interest income" which may be designated as an interest distribution for UK tax purposes and therefore subject to the interest streaming regime applicable to investments trusts.

Of this interim distribution declared of 1.21 pence per Ordinary share, 1.02 pence (equivalent to 1.19 euro cents) is declared as dividend income with 0.19 pence (equivalent to 0.22 euro cents) treated as qualifying interest income.

The interim distribution will be paid in sterling to shareholders on the register. However, shareholders are able to make an election to receive distributions in euros. The form for applying for such election can be obtained from the Company's UK registrars (Equiniti Limited) and any such election must be received by the Company's registrars no later than 5:00 p.m. on 7 June 2024.

Details of the Company and its property portfolio may be found on the Company's website which can be found at: www.eurologisticsincome.co.uk

abrdn Holdings Limited

Secretary