SHIRES INCOME PLC (the Company)

Legal Entity Identifier (LEI): 549300HVCIHNQNZAYA89

3 July 2020

Annual General Meeting Update

The board of Shires Income PLC (the Board) announces that due to the ongoing restrictions concerning the COVID-19 pandemic and, in particular, the rules on staying at home, social distancing and avoiding public gatherings, it is changing the way in which the Company's annual general meeting scheduled for  Tuesday, 14 July 2020 at 1 George Street, Edinburgh will be held.

Following the very recent changes to company law introduced under the Corporate Insolvency and Governance Act 2020 on 26 June 2020, the AGM will now be held on a closed basis by electronic or telephonic means. Shareholders will not be permitted to attend save for those forming the quorum. As set out in the Chairman's Statement on pages 7 and 8 of the Annual Report for the year ended 31 March 2020, whilst this year's AGM will be functional only the Board would like to assure shareholders that the measures adopted this year for the AGM are temporary in light of the COVID-19 pandemic and it fully intends to revert to general meetings in person as soon as possible.

A presentation from the Investment Manager, along with the AGM results, will be made available to shareholders on the Company's website shortly after the AGM.

Shareholders are encouraged to raise any questions in advance of the AGM with the Company Secretary at shires.income@aberdeenstandard.com (please include 'SHIRES AGM' in the subject heading). Questions must be received by 5.00pm on 10 July 2020. Any questions received will be replied to by either the Investment Manager or Board via the Company Secretary either before or after the AGM.

The Board strongly encourages all shareholders to exercise their votes in respect of the meeting in advance by completing their form of proxy (or letter of direction for those who hold shares through the Aberdeen Standard Investments savings plans). This should ensure that all votes are registered.

For further information, please contact:

Gordon Hay Smith

Aberdeen Asset Management PLC

Secretaries

Tel. 0131 372 2200