Aberdeen Appoints Head of US Mutual Funds

Business Wire, Sept 5, 2007

PHILADELPHIA -- Aberdeen Asset Management Inc ("AAMI"), the wholly-owned US subsidiary of Aberdeen Asset Management PLC (LSE:ADN), announces the appointment of Vincent Esposito as Head of US Mutual Funds.

The newly created role, reporting to Gary Bartlett, Chief Executive of AAMI, aims to consolidate the various aspects of AAMI's mutual fund business, including closed- and open-ended funds, fund administration and fund distribution. The Group has $3 billion of assets within US-listed mutual funds.

Vincent brings to AAMI nearly 25 years industry experience, most recently with DWS Scudder Investments where he was a Managing Director and President of Scudder Mutual Funds. He also served on the closed-end fund board at Scudder Funds and was Chairman of the Scudder Offshore Funds board.

Gary Bartlett said: "We are all pleased to have someone of Vincent's experience, knowledge and leadership join our team. Vincent will greatly assist with the continued development of our mutual fund business."

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 $179.0 billion, as of the end of June 2007, in a range of retail and institutional portfolios for clients worldwide.