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$0.06452 per share on October 14, 2011 to all shareholders of record as of September 30, 2011. This distribution is comprised entirely of net investment income.

In January 2012, 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 2011 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.

Closed-end funds have a one-time initial public offering and then are subsequently traded on the secondary market through one of the stock exchanges. 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. There is no assurance that a fund will achieve its investment objective. Past performance does not guarantee future results.

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.

Copyright Business Wire 2010

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