Results of Placing

Aberdeen Asset Management PLC (“Aberdeen” or “the Company”) is pleased to announce the successful completion of the non pre-emptive placing (the “Placing”) announced earlier today.

A total of 90,000,000 new ordinary shares in the Company (the "Placing Shares") have been placed by J.P. Morgan Cazenove Limited (“JPMC”), BNP Paribas (“BNPP”) and Canaccord Adams Limited (“Canaccord”) with institutions at a price of 132 pence per Placing Share (the "Placing Price"), which represents a discount of 4.8% to the closing price on 7 January 2010. Based on the Placing Price, the gross proceeds of the Placing will be approximately £119 million. The Placing Shares being issued represent an increase of approximately 8.9% in Aberdeen’s existing issued ordinary share capital.

The Placing Shares will, when issued, be credited as fully paid and will rank pari passu in all respects with the existing ordinary shares of Aberdeen, including the right to receive all dividends and other distributions declared, made or, paid after the date of issue. The Placing Shares are ex-dividend with respect to the 2009 final dividend.

Applications have been made for the Placing Shares to be admitted to the Official List of the UK Listing Authority and to trading on the main market of the London Stock Exchange (together, the "Admission"). It is expected that Admission will take place and that trading in the Placing Shares will commence on 13 January 2010.