Henderson Far East Income Limited

Investment Trust

HENDERSON FAR EAST INCOME LIMITED www.hendersonfareastincome.com

Fund facts at 30 April 2016

Company objective Share price performance (total return) Dividend history (pence/share) Henderson Far East Income Limited seeks to provide a high level 145 25 of dividends, as well as capital appreciation over the long term, 130 20 from a diversified portfolio of investments traded on the Pacific, 115 Australasian, Japanese and Indian 15 stock markets (the "Asia Pacific region"). The latest Annual Report 100 10 and Key Investor Information Document set out the investment 85 objective and policy in full and you 5 should read them before investing. 70 2013 2012 2011 2008 2007 2009 2014 2015 For commentary from our fund Apr Apr Apr Apr Apr Apr 0 2010 manager please visit our website. 11 12 13 14 15 16 Price (rebased)

Income NAV (cum income) 290.4p Please note that this chart could include dividends that have been declared but not yet paid. NAV (ex income) 287.9p Share price 284.8p Discount/premium (%) with average line (cum income) Discount(-)/premium(+) -1.9% 6 4 Yield 6.88% 2 0 Net gearing 3% -2 Net cash - -4 -6 Total assets £352m Apr Dec Jul Feb Sep Apr 13 13 14 15 15 16 Net assets £333m Market capitalisation £326m Cumulative performance (cum income) (%) Annual performance (cum income) (%) Shares in issue 114,535,564 Performance over 10y 5y 3y 1y 6m Discrete year performance Price NAV % change (updated quarterly) Total number of holdings 52 Share price (Total Return) 107.3 15.9 -9.0 -13.4 1.9 Net Asset Value (Total Return) n/a 23.5 -4.2 -10.4 6.2 31/03/2015 to 31/03/2016 -10.1 -6.2 1.06% Ongoing charges Peer Group Ranking n/a 3/3 2/3 3/3 3/3 31/03/2014 to 31/03/2015 19.1 18.8 (year end 31/08/2015) The Company’s performance is not benchmarked against any specific stock market index. 28/03/2013 to 31/03/2014 -10.9 -10.1 Peer group rankings are based on Asian income companies only. 30/03/2012 to 28/03/2013 27.3 26.4 Source: BNP Paribas for holdings 31/03/2011 to 30/03/2012 -1.2 -1.1 information and Morningstar for all All performance, cumulative growth and annual growth data is sourced from Morningstar. other data. Differences in calculation may occur due to the methodology used. Top 10 holdings (%) Geographical focus (%) Sector breakdown (%) Macquarie Korea Infrastructure Fund 2.9 40 Telekomunikasi Indonesia Persero 2.8 CapitaLand Mall Trust 2.6 35 SK Innovation 2.6 30 HKT Trust & HKT 2.6 25 Mapletree Greater China Commercial 20 Trust 2.6 Spark New Zealand 2.5 15 Telstra 2.5 Australia 20.7 10 Ascendas Real Estate Investment Trust 2.5 China 17.4 5 SK Telecom 2.4 South Korea 14.3 0 Singapore 10.7 Taiwan 8.0 Utilities Financials Industrials Oil & Gas Hong Kong 7.9 Technology Basic Materials India 6.5 Consumer Goods Thailand 5.3 Telecommunications Consumer Services Indonesia 2.8 New Zealand 2.5

Customer services 0800 856 5656 www.hendersonfareastincome.com

Please remember that past performance is not a guide to future performance. The value of an investment and the income from it can rise as well as fall as a result of market and currency fluctuations, and you may not get back the amount originally invested. Investment Trust

HENDERSON FAR EAST INCOME LIMITED www.hendersonfareastincome.com

Company information Glossary EPIC code HFEL NAV (Cum Income) The value of investments and cash, including by the current price per share, then multiplying by 100 to current year revenue, less liabilities (prior charges such as arrive at a percentage figure. AIC sector Asia Pacific - loans, debenture stock and preference shares at fair value). Ongoing charges The total expenses for the financial year Excluding Japan NAV (Ex Income) The value of investments and cash, excluding (excluding performance fee), divided by the average daily net Benchmark n/a current year revenue, less liabilities (prior charges such as assets, multiplied by 100. loans, debenture stock and preference shares at fair value). Gearing The effect of borrowing money for investment Company type Conventional Share price Closing mid-market share price at month end. purposes (financial gearing). The amount a company can (Ords) Discount/premium The amount by which the price per share of “gear” is the amount it can borrow in order to invest. Gearing Launch date 2006 (of the an investment trust is either lower (at a discount) or higher is used in the expectation that the returns on the investments current Jersey (at a premium) than the net asset value per share (cum bought will exceed the costs of the borrowings that funded domiciled income), expressed as a percentage of the net asset value the purchase. This Company can also use synthetic gearing company) per share. through derivatives and foreign exchange hedging and/or Total assets Cum Income NAV multiplied by the number of other non-fully funded instruments or techniques. 31 Aug Financial year end shares, plus prior charges at fair value. Leverage The Trust’s leverage is the sum of financial gearing Dividend payment May, August, Net assets Total assets minus any liabilities such as bank loans and synthetic gearing. Details of the Trust’s leverage limits November, or creditors. can be found in both the Key Investor Information Document February Market capitalisation Month end closing mid-market share price and Annual Report. Where a trust utilises leverage, the multiplied by the number of shares outstanding at month end. profits and losses incurred by the trust can be greater than Risk rating Slightly above Share price total return The theoretical total return to the investor those of a trust that does not use leverage. average assuming that all dividends received were reinvested in the Risk rating The key measure used to assess risk is volatility of (Source: Numis) shares of the company at the time the shares were quoted returns, using historic net asset value (NAV) performance of Management fee 0.9% ex-dividend. Transaction costs are not taken into account. the trust over 1 and 3 years. In this instance volatility Performance fee No Net asset value total return The theoretical total return on measures how much a trust’s NAV fluctuates over time in (See Annual Report & Key Investor shareholders' funds per share reflecting the change in Net relation to the UK Equity market. The higher a volatility figure, Information Document for more information) Asset Value (NAV) assuming that dividends paid to the more the NAV has fluctuated (both up and down) over time. Please note that risk categorisations are indicative and Regional focus Asia Pacific – ex shareholders were reinvested at NAV at the time the shares based principally on historic data and should not be solely Japan were quoted ex-dividend. A way of measuring investment management performance of investment trusts which is not relied upon when making investment decisions. Fund manager 2007 affected by movements in discounts/premiums. For a full list of terminology please visit; appointment Yield Calculated by dividing the current financial year's www.hendersoninvestmenttrusts.com dividends per share (this will include prospective dividends) Specific risks • Most of the investments in this portfolio are not made in Sterling, so exchange rates could affect the value and income from your investment. • Asian focused portfolios are exposed to Emerging Markets which tend to be less stable than more established markets and can be affected by local political and economic conditions, reliability of trading systems, buying and selling practices and financial reporting standards. • If a fund is a specialist country-specific or geographic regional fund, the investment carries greater risk than a more internationally diversified portfolio. Fund manager • This portfolio allows the manager to use options for revenue enhancement purposes. Options can be volatile and may result Michael Kerley in a capital loss. How to invest To find out more visit www.hendersoninvestmenttrusts.com/invest

Other documents available online Annual Report http://HGi.co/by6q Key Investor Information Document www.henderson.com/hfelkiid Fund Manager Commentary http://hgi.co/3vv

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Customer services 0800 856 5656

www.hendersonfareastincome.com

All data in this factsheet is as at or to 30 April 2016 unless otherwise stated. Issued in the UK by Henderson Global Investors. Henderson Global Investors is the name under which Henderson Global Investors Limited (reg. no. 906355), Henderson Fund Management Limited (reg. no. 2607112), Henderson Investment Funds Limited (reg. no. 2678531), Henderson Investment Management Limited (reg. no. 1795354), AlphaGen Capital Limited (reg. no. 962757), Henderson Equity Partners Limited (reg. no.2606646) and Gartmore Investment Limited (reg. no. 1508030), (each incorporated and registered in England and Wales with registered office 201 Bishopsgate, London EC2M 3AE) are authorised and regulated by the Financial Conduct Authority to provide investment products and services. Henderson Far East Income Limited (reg. no. 95064) is a Jersey fund, registered at Liberté House, 19-23 La Motte Street, St Helier, Jersey JE2 4SY and is regulated by the Jersey Financial Services Commission. Investors should seek independent taxation advice as to their own position. Telephone calls may be recorded and monitored.