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The Indonesia Fund, Inc. Announces Performance Data And Portfolio Composition

PHILADELPHIA, Feb. 4 /PRNewswire-FirstCall/ -- The Indonesia Fund, Inc. (the "Fund") (NYSE AMEX: IF), a closed-end equity fund, announced today its performance data and portfolio composition as of December 31, 2009.

The Fund's total returns for various periods through December 31, 2009 are provided below.  (All figures are based on distributions reinvested at the dividend reinvestment price and are stated net-of-fees):

    
    
    Period            NAV Total Return %      Market Price Total Return %
                   Cumulative   Annualized    Cumulative      Annualized
                   ----------   ----------    ----------      ----------
    
    Since inception    -6.5         -0.3         -13.7             -0.7
     (March 1990)
    10-years          164.5         10.2         103.5              7.4
    5-years           128.3         17.9         113.7             16.4
    3-years            19.4          6.1          -7.9             -2.7
    1-year                    99.8                       107.8

On December 31, 2009, the Fund's net assets amounted to US$84.1 million and the Fund's NAV per share was $10.17.

As of December 31, 2009, the portfolio was invested as follows:

    
    
                                         Percent of
    Portfolio Composition                Net Assets
    ---------------------                ----------
    Financials                               20.9
    Consumer, Non-Cyclical                   18.9
    Basic Materials                          16.9
    Industrials                              11.5
    Consumer, Cyclical                       10.4
    Energy                                    8.7
    Communications                            8.2
    Other                                     2.1
    Utilities                                 1.8
    Diversified                               0.6

The Fund's ten largest equity holdings as of December 31, 2009, representing 68.4% of net assets, were:

    
    
                                            Percent of
    Stock                                   Net Assets
    -----                                   ----------
    PT Unilever Indonesia Tbk                  10.5
    PT Telekomunikasi Tbk                       9.8
    PT Astra International Tbk                  9.6
    Bank OCBC NISP Tbk PT                       8.3
    PT Holcim Indonesia Tbk                     6.0
    Ace Hardware Indonesia                      5.3
    Overseas Chinese Banking Corporation        4.9
    United Overseas Bank Limited                4.8
    Jardine Cycle and Carriage Limited          4.6
    PT United Tractors Tbk                      4.6

Important Information

Aberdeen Asset Management Inc. has prepared this report based on information sources believed to be accurate and reliable.  However, the figures are unaudited and neither the Fund, Aberdeen Asset Management Asia Limited (the Investment Adviser), nor any other person guarantees their accuracy.  Investors should seek their own professional advice and should consider the investment objectives, risks, charges and expenses before acting on this information. Aberdeen is a U.S. registered service mark of Aberdeen Asset Management PLC.

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