Aberdeen Latin America Equity Fund, Inc. (NYSE AMEX: LAQ) (the “Fund”), a closed-end equity fund, announced today that it will pay a dividend of US$0.80553 per share on January 14, 2011 to all shareholders of record as of December 30, 2010 (ex-dividend date December 28, 2010). This distribution is comprised of $0.36493 per share of net investment income, $0.39478 per share of net realized short-term capital gains and $0.04582 per share of net realized long-term capital gains. In January 2011, a Form 1099-DIV will be sent to shareholders, which will state the amount and composition of distributions and provide information with respect to their appropriate tax treatment for the 2010 calendar year. The Fund is managed and advised by Aberdeen Asset Management Investment Services Limited. The Fund's shares trade on the NYSE AMEX under the symbol "LAQ". You should not draw any conclusions about the Fund’s investment performance from the amount of this distribution or from the terms of the Fund’s Plan. If you wish to receive this information electronically, please contact InvestorRelations@aberdeen-asset.com www.aberdeenlaq.com Aberdeen Asset Management Investment Services Limited is a registered investment adviser under the Investment Advisers Act of 1940.