Aberdeen Announces New Investment Management Agreement With The Asia Tigers Fund, Inc.

Leader in Emerging Market Closed-End Funds       Aberdeen's subsidiaries (the "Aberdeen Group") have managed U.S. registered closed-end funds since December of 2000. In addition to being one of the largest pure stand-alone asset management houses investing in the Asia-Pacific region, Aberdeen Group is the largest manager of emerging market closed-end funds offered around the world by both value and number.[1]

With the addition of The Asia Tigers Fund, Inc., the Aberdeen Group now directly manages eleven U.S. exchange-listed closed-end funds, one Canadian investment company, and serves as investment sub-advisor to two other closed-end funds managed by First Trust Advisors L.P.  Aberdeen's closed-end funds available to North American investors are:

• Aberdeen Asia-Pacific Income Fund, Inc. (NYSE AMEX: FAX)
• Aberdeen Asia-Pacific Income Investment Company Limited (TSX: FAP)
• Aberdeen Australia Equity Fund, Inc. (NYSE AMEX: IAF)
• Aberdeen Chile Fund, Inc. (NYSE AMEX: CH )
• Aberdeen Emerging Markets Telecommunications and Infrastructure Fund, Inc. (NYSE AMEX: ETF )
• Aberdeen Global Income Fund, Inc. (NYSE AMEX: FCO)
• Aberdeen Indonesia Fund, Inc. (NYSE AMEX: IF )
• Aberdeen Israel Fund, Inc. (NYSE AMEX: ISL )
• Aberdeen Latin America Equity Fund, Inc. (NYSE AMEX: LAQ)
• First Trust /Aberdeen Global Opportunity Income Fund, Inc. (NYSE AMEX: FAM)
• First Trust /Aberdeen Emerging Opportunity Fund, Inc. (NYSE AMEX: FEO)
• The Asia Tigers Fund, Inc. (NYSE: GRR)
• The India Fund, Inc. (NYSE: IFN)
• The Singapore Fund, Inc. (NYSE: SGF)

"Closed-end funds, one of the oldest types of investment vehicles, have been a key focus of Aberdeen since the firm was founded. We feel that our familiarity with their structure, coupled with our extensive experience and presence in the Asia-Pacific region, will help deliver long-term investment opportunities to the shareholders of The Asia Tigers Fund," concluded Mr. Young.

Closed-end funds, unlike open-end funds, are not continuously offered. Closed-end funds generally have a one-time initial public offering and then shares are subsequently traded on the secondary market through a stock exchange. The investment return and principal value will fluctuate so that an investor's shares may be worth more or less than the original cost. Shares of closed-end funds may trade above (a premium) or below (a discount) the net asset value (NAV) of the fund's portfolio. Shares of closed-end funds frequently trade at a discount from the net asset value. The price of a fund's shares is determined by a number of factors, several of which are beyond the control of the fund. Therefore, the Fund cannot predict whether its shares will trade at, below or above net asset value.

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