Directorate Change

ASA International Group plc (LSE: ASAI), one of the world's largest international microfinance institutions announces today that that Chris Low has decided to step down as non executive Chairman and as a Director, with immediate effect. To ensure continuity, Guy Dawson, who previously served as non executive Chairman, will resume this role.

Chris Low, said:

"It has been a privilege to be involved with ASA International for the past three years. In particular, as Executive Chairman over the last six months, I led the processes which culminated in the appointment of Rob Keijsers as our new Group CEO and a review which supported the development and Board approval of an enhanced growth strategy.

With the new executive management team in place and the Group performing well, now is the opportune time for me to step away, particularly as I am involved in a number of other business interests. I wish the Group all success for its future growth and in its vital work to enhance financial inclusion for low income entrepreneurs."

Guy Dawson, added:

"On behalf of the Board, I would like to thank Chris for his commitment and valued contribution to ASA International, first as Chair of the Audit and Risk Committee and latterly in his role as Executive Chairman. Chris moves on with the Company in good shape and with our very best wishes for the future. Having participated in the process to appoint Rob Keijsers as Group CEO as well as the Board's strategy review, I am fully confident in ASA International delivering sustainable growth going forward."

Guy Dawson will now Chair the Nomination Committee and the Independent Directors Committee.

As a result of Chris Low standing down, the Board has decided to withdraw Resolution 4 from the agenda of the 2025 Annual General Meeting (AGM). Resolution 4 proposed the re-election of Chris Low as a Director and is therefore now redundant following this announcement. The withdrawal of Resolution 4 does not affect the validity of the 2025 AGM Notice, the proxy form or any proxy votes already submitted in respect of the remaining resolutions to be proposed at the AGM. The numbering of all other proposed resolutions at the AGM remains unchanged.