Aberdeen Latin America Equity Fund, Inc. (the “Fund”) (NYSE AMEX: LAQ), a closed-end equity fund, announced today its performance data and portfolio composition as of March 31, 2011.

The Fund’s total returns for various periods through March 31, 2011 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
10-years   600.0   21.5   707.8   23.2
5-years   129.6   18.1   145.4   19.7
3-years   26.8   8.2   30.7   9.3
1-year   20.7   23.7

On March 31, 2011, the Fund’s net assets amounted to US$316.2 million and the Fund’s NAV per share was $42.45.

As of March 31, 2011, the portfolio was invested as follows:

Portfolio Composition   Percent of Net Assets
Financials   22.6
Consumer, Non-Cyclical   17.8
Basic Materials   16.6
Industrials   13.6
Consumer, Cyclical   9.1
Energy   9.0
Communications   7.3
Technology   1.4
Other   1.0
Diversified   0.6
Cash   0.5
Utilities   0.5

The Fund's ten largest equity holdings as of March 31, 2011, representing 52.5% of net assets, were:
Stock   Percent of

Net Assets
Petroleo Brasileiro S.A.   9.0
Vale SA   8.9
Banco Bradesco S.A.   6.3
America Movil SAB de C.V.   6.0
Lojas Renner S.A.   4.1
Grupo Financiero Banorte SA.B. de C.V.   3.9
Fomento Economico Mexicano, S.A.B. de C.V.   3.7
Tenarsis S.A.   3.7
Ultrapar Participacoes S.A.   3.5
Multiplan Empreendimentos Imobiliarios SA   3.4

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 Investment Services 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.

Total return figures with distributions reinvested at the dividend reinvestment price are stated net-of-fees and represents past performance. Past performance is not indicative of future results, current performance may be higher or lower. Holdings are subject to change and are provided for informational purposes only and should not be deemed as a recommendation to buy or sell the securities shown. Inception date October 30, 1991.

If you wish to receive this information electronically, please contact: InvestorRelations@aberdeen-asset.com

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