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Five Closed-End Funds Managed By Aberdeen Announce Name Changes

PHILADELPHIA, March 29 /PRNewswire-FirstCall/ -- The Chile Fund, Inc. (NYSE Amex: CH), The Emerging Markets Telecommunications Fund, Inc. (NYSE Amex: ETF), The First Israel Fund, Inc. (NYSE Amex: ISL), The Indonesia Fund, Inc. (NYSE Amex: IF), and The Latin America Equity Fund, Inc.(NYSE Amex: LAQ)  (collectively known as the "Funds"), today announced board-approved name changes for the Funds in order to identify the manager more closely with the Funds and to differentiate them in a competitive market with many known brands. The Funds' investment objectives and AMEX ticker symbols will remain the same. The name changes are as follows:

    
    
    Prior Fund Name         Ticker    New Fund Name          Web Address
    
    The Chile Fund, Inc.     CH       Aberdeen Chile       www.aberdeenCH.com 
                                       Fund, Inc.
    
    The Emerging Markets     ETF      Aberdeen Emerging    www.aberdeenETF.com
     Telecommunications                Markets Telecommun-
     Fund, Inc.                        ications Fund, Inc. 
    
    The First Israel         ISL      Aberdeen Israel      www.aberdeenISL.com
     Fund, Inc.                        Fund, Inc.
    
    The Indonesia            IF       Aberdeen Indonesia   www.aberdeenIF.com 
     Fund, Inc.                        Fund, Inc. 
    
    The Latin America        LAQ      Aberdeen Latin       www.aberdeenLAQ.com
     Equity Fund, Inc.                 America Equity 
                                       Fund, Inc.

For more information, please visit Aberdeen's Closed-End Fund Investor Center at   www.aberdeen-asset.us/cef.

About Aberdeen

Aberdeen Asset Management PLC, parent of Aberdeen Asset Management Investment Services Limited ("AAMISL") and Aberdeen Asset Management Asia Limited ("AAMAL"), was founded in 1983 and has over $232 billion in assets under management and 1,800 staff, across 31 offices in 26 countries, as of Dec. 31, 2009. Aberdeen offers a range of investment vehicles to private and institutional U.S. investors, including mutual funds, closed-end funds and large separate accounts.

AAMISL serves as investment adviser to the Aberdeen Chile Fund, Inc., Aberdeen Emerging Markets Telecommunications Fund, Inc., Aberdeen Israel Fund, Inc., and Aberdeen Latin America Equity Fund, Inc. AAMAL serves as investment adviser to the Aberdeen Indonesia Fund, Inc. Both AAMISL and AAMAL are registered investment advisers under the Investment Advisers Act of 1940.

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