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 April 30, 2011.

The Fund’s total returns for various periods through April 30, 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     576.4     21.1     676.2     22.7
5-years     115.9     16.6     123.3     17.4
3-years     19.1     6.0     22.1     6.9
1-year     23.4     25.0
       

On April 30, 2011, the Fund’s net assets amounted to US$324.4 million and the Fund’s NAV per share was $43.55.

As of April 30, 2011, the portfolio was invested as follows:

       
Portfolio Composition    

Percent of

Net Assets
Financials     22.0
Consumer, Non-Cyclical     18.1
Basic Materials     16.5
Industrials     13.5
Consumer, Cyclical     9.6
Energy     8.3
Communications     7.1
Technology     1.4
Cash     1.3
Other     1.1
Diversified     0.6
Utilities     0.5
   

The Fund's ten largest equity holdings as of April 30, 2011, representing 52.1% of net assets, were:
       
Stock    

Percent of

Net Assets
Vale SA     8.9
Petroleo Brasileiro S.A.     8.3
Banco Bradesco S.A.     6.0
America Movil SAB de C.V.     5.8
Lojas Renner S.A.     4.5
Grupo Financiero Banorte S.A.B. de C.V.     4.1
Fomento Economico Mexicano, S.A.B. de C.V.     3.8
Tenarsis S.A.     3.7
Ultrapar Participacoes S.A.     3.6
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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