Aberdeen Asset Management will launch the Aberdeen Emerging Markets Fund on May 3. The fund is intended for institutional investors with a minimum investment of $1 million. The fund will be managed by Aberdeen�s global emerging markets team, headed by Devan Kaloo.

Aberdeen Asset Management Inc (�AAM Inc�), the US subsidiary of Aberdeen Asset Management PLC (�Aberdeen�), announces the launch of the Aberdeen Emerging Markets Fund (ABEMX) (The �Fund�). The Fund is intended for institutional investors with a minimum investment of $1 million. A registration statement relating to these securities has been filed with the Securities and Exchange Commission and is effective as of April 16th. The fund will be available for public investing on May 3rd.

The Fund will be managed by Aberdeen�s highly regarded Global Emerging Markets Team, headed by Devan Kaloo. It will aim to provide long-term capital appreciation by investing primarily in stocks of emerging market country issuers. Aberdeen believes its trademark research-based stock picking style will enable it to extract considerable long term value from what is still a comparatively under researched asset class. For Aberdeen, rising domestic consumption is a key emerging markets theme. Aberdeen believes that growing, youthful populations with burgeoning workforces should boost earnings and spending power in emerging economies, and thus in turn will drive domestic growth.

�By capitalizing on the poor level of research on emerging market companies, Aberdeen aims to create considerable long term value for its clients through the new Aberdeen Emerging Markets Fund,� said Kaloo. �For this year we expect markets to rise again, but not as strongly as they did in 2006, because economic growth and corporate profit growth are likely to be somewhat slower. Meanwhile, the long-term story in emerging markets is about rising domestic consumption, given these economies� growing, youthful populations.�

�The launch of the Fund is a natural progression for Aberdeen, having experienced strong interest in its emerging market equity capabilities from US institutional investors over the past few years," said Chris Farrell, Head of Distribution � US Mutual Funds at AAM Inc. "The Aberdeen Emerging Markets Fund will provide a strong platform for us to expand our mutual fund range going forward.�

About Aberdeen

Aberdeen Asset Management Inc is the US subsidiary of Aberdeen Asset Management PLC which manages investments for individuals and institutional investors. Although the group's headquarters remain in Aberdeen, Scotland, its offices and fund managers can now be found across more than 20 locations around the world. The Group has experienced rapid expansion since 1983 and is today one of the UK�s largest independent fund managers. Listed on the London Stock Exchange, Aberdeen Asset Management PLC manages $148.0 billion, at the end of December 2006 in a range of retail and institutional funds for clients worldwide.

Aberdeen has been managing global emerging market equities for over ten years. As of December 31, 2006, it manages $2.9 billion through open end funds and segregated accounts. Aberdeen�s global emerging market team is headquartered in London with investment managers also based in Singapore. The team follows a bottom-up process based on a disciplined evaluation of companies through direct visits. Stock selection is the major source of alpha. No stock is bought without a team member having first met management and detailed notes then written.

Mutual fund investing involves risk, including loss of principal. In addition to the normal risks associated with investing, international investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principals or from economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. There is no guarantee that the Fund will meet its objective.

Edited by: Erin Kello

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