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 May 31, 2011.

The Fund’s total returns for various periods through May 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
Since inception

(October 1991)
    1,193.5   14.0     1,061.9   13.3
10-years     539.0   20.4     626.7   21.9
5-years     148.2   19.9     157.0   20.8
3-years     7.9   2.6     7.9   2.6
1-year     34.1     36.9

On May 31, 2011, the Fund’s net assets amounted to US$319.6 million and the Fund’s NAV per share was $42.91.

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


Portfolio Composition
    Percent of

    Net Assets
Financials     21.7
Consumer, Non-Cyclical     18.4
Basic Materials     16.5
Industrials     13.7
Consumer, Cyclical     9.7
Energy     8.6
Communications     7.2
Technology     1.5
Other     0.9
Cash     0.7
Diversified     0.6
Utilities     0.5

The Fund's ten largest equity holdings as of May 31, 2011, representing 52.2 of net assets, were:
Stock     Percent of
      Net Assets
Vale SA     9.1
Petroleo Brasileiro S.A.     8.6
America Movil SAB de C.V.     6.0
Banco Bradesco S.A.     6.0
Lojas Renner S.A.     4.1
Grupo Financiero Banorte S.A.B. de C.V.     3.9
Fomento Economico Mexicano, S.A.B. de C.V.     3.7
Multiplan Empreendimentos Imobiliarios SA     3.7
Tenarsis S.A.     3.6
Ultrapar Participacoes S.A.     3.5

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

Copyright Business Wire 2010