Appointment of Independent Non-Executive Director

ASA International Group plc (LSE: ASAI), one of the world's largest international microfinance institutions, is today pleased to announce the appointment of Mr John Khabbaz as an Independent Non-Executive Director.

Upon appointment, John became a member of the Nomination Committee, the Remuneration Committee, the Audit and Risk Committee and the Independent Directors Committee of the Board.

John Khabbaz is the Founder and Chief Investment Officer of Phoenician Capital, a global value investment firm based in New York City, USA. At Phoenician, he employs a private equity approach to public markets, supporting high-quality companies with growth potential. He holds an M.B.A. from Columbia Business School and a Bachelor of Commerce from McGill University. He has served on multiple boards and is currently an Independent Director at Goodfood Market Corp. (TSX: FOOD).

John brings to ASA International extensive experience in global investing, including the emerging markets, corporate leadership, and a strong background in supporting growth-oriented companies. In addition, as a longstanding and committed shareholder, he already has developed a deep understanding of ASA International's microfinance business.

This announcement is made pursuant to Listing Rule 6.4.6R. In accordance with LR 6.4.8R, the Company confirms that there is no information to be disclosed in terms of LR 6.4.8R (1) to LR 6.4.8R (6) inclusive in respect to John Khabbaz.