September 24, 2026

Logan Capital International ETF, a series of Advisors Series Trust

615 East Michigan Street

Milwaukee, WI 53202

Ladies and Gentlemen:

We have acted as counsel to Advisors Series Trust, a Delaware statutory trust with

transferable shares (the “Trust”) in connection with the Trust’s Post-Effective Amendment

No. 1206 to its Registration Statement filed on Form N-1A with the Securities and Exchange

Commission (the “Amendment”) relating to the issuance by the Trust of an indefinite

number of $0.01 par value shares of beneficial interest (the “Shares”) in respect of the

Logan Capital International ETF, a series of the Trust (the “Fund”).

We have examined copies, either certified or otherwise proved to be genuine to our

satisfaction, of the Trust’s Declaration and By-Laws, and other documents relating to its

organization, operation, and proposed operation, and we have made such other

investigations as, in our judgment, are necessary or appropriate to enable us to render the

opinion expressed below.

We are admitted to the Bar of The State of New York.  We express no opinion herein

as to any laws other than Chapter 38 of Title 12 of the Delaware Code Annotated, as

amended, entitled “Treatment of Delaware Statutory Trusts” (the “Delaware Statutory Trust

Act”) and the federal laws of the United States.  We call to your attention that, as to

applicable law, our opinion is based upon our examination of the Delaware Statutory Trust

Act as currently in effect.

Based upon the foregoing, it is our opinion that the shares of the Fund currently

being registered under the aforesaid Registration Statement, will be legally issued, fully paid

and non-assessable by the Trust, or its creditors subject to compliance with the 1933 Act,

the Investment Company Act of 1940, as amended, and applicable state laws regulating the

offer and sale of securities.

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September 24, 2026

With respect to the opinion expressed above, we note that, pursuant to Section 5 of

Article IV of the Declaration, the trustees of the Trust have the power to cause any

shareholder, or any shareholder of a particular series, to pay directly, in advance or arrears,

for charges of the Trust’s custodian or transfer, shareholder servicing or similar agent, an

amount fixed from time to time by the trustees, by setting off such charges due from such

shareholder from declared but unpaid dividends owed such shareholder and/or by reducing

the number of shares in the account of such shareholder by that number of full and/or

fractional shares which represent the outstanding amount of such charges due from such

shareholder.

We hereby consent to the filing of this opinion with and as a part of the Amendment. 

In giving such consent, we do not thereby admit that we come within the category of

persons whose consent is required under Section 7 of the 1933 Act or the rules and

regulations promulgated thereunder.

Very truly yours,

/s/ Sullivan & Worcester LLP

SULLIVAN & WORCESTER LLP

DP/RLS