Appointment of Non-Executive Director

AVI Japan Opportunity Trust plc

Appointment of Non-Executive Director

In accordance with UKLR 6.4.6R, AVI Japan Opportunity Trust plc ("the Company") is pleased to announce the appointment of Claire Binyon to its Board as Independent Non-Executive Director, effective today, 27 May 2026. This appointment follows a search and selection process managed by an external independent recruitment consultancy.

Claire Binyon is a chartered accountant and experienced non-executive director with a distinguished career including senior roles in corporate finance, strategic planning, and M&A, across blue-chip multinationals and listed companies in a wide range of sectors.

Claire currently serves as non-executive director and Audit & Risk Committee Chair of Murray International Trust PLC and non-executive director and Audit Committee Chair of JPMorgan American Investment Trust plc. She previously held non-executive roles as Chair of NHBS Ltd and as a Non-Executive Director of IG Design Group plc (AIM-listed). Her executive career included senior corporate development and strategy leadership positions at InBev, Cadbury, DS Smith, and Fenner (a Michelin group company) amongst others.

Claire is a Fellow of the Institute of Chartered Accountants in England and Wales (FCA), having qualified with Ernst & Young.

Norman Crighton, the Chairman of the Company, commented, "I am delighted to welcome Claire to the Board of AJOT. She brings an impressive breadth and depth of both executive and non-executive international experience to the Board, together with significant experience as an Audit Committee Chair, which will support the Board's succession planning".

The Company confirms that there are no other matters which are required to be disclosed pursuant to UKLR 6.4.8R.

MUFG Corporate Governance Limited

Secretary

27 May 2026

LEI: 894500IJ5QQD7FPT3J73