Acquisition of Artio Global Investors Inc

14 February 2013

ABERDEEN ASSET MANAGEMENT PLCAcquisition of Artio Global Investors Inc.

Aberdeen Asset Management PLC ("Aberdeen") announces that it has reached an agreement to acquire 100 per cent of the share capital of Artio Global Investors Inc. ("Artio"), a publicly listed asset management holding company (the "Transaction").

The purchase consideration of approximately $175 million (£112 million) is based on a price of $2.75 per share and represents a premium of $34 million (£22 million) over Artio's unaudited net asset value at 31 December 2012. Artio is debt-free and had net asset value of $141 million (£90 million) and cash and seed investments of $136 million (£87 million) on its balance sheet at 31 December 2012. The purchase price will be payable in cash, financed out of Aberdeen's existing cash resources, on completion of the Transaction.

This acquisition will expand Aberdeen's North American business, deepen its distribution network in the region and add to its existing fixed income capabilities. The transaction is consistent with Aberdeen's stated strategy to identify suitable, quality businesses to complement the Group's organic growth.

As at 31 December 2012, Artio managed assets of approximately $14.3 billion (£9.2 billion) on behalf of a diversified retail and institutional client base. Based on Artio's fourth quarter results annual run-rate revenues were approximately $71 million (£46 million). Artio's assets under management ("AuM") include mutual fund assets of $7.2 billion (£4.6 billion). Artio comprises a $9.8 billion (£6.3 billion) fixed income business which has delivered top quartile performance across its range of strategies including highly rated Total Return Bond and Global High Yield products and a $4.5 billion (£2.9 billion) international and global equities business which will be transitioned to Aberdeen's top performing global equity process post-completion. Artio's Global High Yield and High Grade teams are expected to join Aberdeen on completion of the Transaction.

The Transaction provides key benefits to Aberdeen:

·; adds significant scale to Aberdeen's existing US fixed income business and complements organic efforts to expand distribution in the US, a priority growth market for Aberdeen;

·; adds established global high yield and US total return offerings to Aberdeen which will complement Aberdeen's existing fixed income expertise;

·; provides access to Artio's distribution channels with a deeper penetration of the US intermediary market, particularly the broker dealer and registered investment adviser ("RIA") segments which will also be of benefit to Aberdeen's existing product range; and

·; the Transaction is expected to be earnings enhancing from the outset.

The Transaction, which is currently expected to close by the end of the second quarter or early in the third quarter of 2013, is subject to customary closing conditions, including U.S. antitrust approval, approval of a majority of Artio Global shareholders and approval of certain Artio Global mutual fund shareholders. As part of the Transaction, three of Artio's largest shareholders (representing approximately 45% of the total shareholding in aggregate) have entered into Voting Agreements providing that they will vote in favour of the Transaction.

Commenting on the Transaction, Martin Gilbert, Chief Executive of Aberdeen Asset Management, said:

 "This transaction is in line with Aberdeen's strategy of undertaking infill acquisitions that will assist with growing our business organically. It will be of benefit to our North American business, a region we view as a key growth market for Aberdeen. The integration of Artio's operations will strengthen further our US fixed income expertise, in particular the addition of US total return and global high yield products, and will help to broaden and deepen our distribution network in the US."

J.P. Morgan Limited (which conducts its UK Investment Banking activities as J.P. Morgan Cazenove) is acting as financial adviser and corporate broker to Aberdeen in connection with the Transaction, and Willkie Farr & Gallagher LLP is acting as Aberdeen's US legal advisor.

Enquiries

Aberdeen Asset Management +44 (0) 20 7463 6000

Martin Gilbert

Bill Rattray

J.P. Morgan Cazenove +44 (0) 20 7742 4000

Conor HilleryUsman Khalid

Maitland +44 (0) 20 7379 5151

Neil BennettTom Eckersley

Management will host a conference call for analysts and institutions at 0900 GMT today.

UK Freefone: 0800 783 0906

UK Direct: 01296 480 100

International direct: +44 1296 480 100

Passcode: 586 087

A replay will be available for 7 days from 12pm today. Please dial 0207 136 9233 followed by passcode: 24072477

Notes to Editors:

About Aberdeen Asset Management PLC

Aberdeen is an asset management group managing £193.4 billion of third party assets from our offices around the world, as at 31 December 2012. Our clients access our investment expertise drawn from three main asset classes: equities, fixed income and property, as well as tailored solutions. We package our skills in the form of segregated and pooled products across borders. We invest worldwide and follow a predominantly long-only approach, based on fundamentally sound investments.

Further information about Aberdeen can be found at www.aberdeen-asset.com

About Artio Global Investors Inc.

Artio Global Investors Inc. is the indirect holding company of Artio Global Management LLC ("Artio Global"), a registered investment adviser that actively invests in global fixed income and equity markets, primarily for institutional and intermediary clients.

Headquartered in New York City, Artio Global offers a select group of investment strategies, including High Grade Fixed Income, High Yield, International Equity and Global Equity. Access to these strategies is offered through a variety of investment vehicles, including separate accounts, commingled funds and mutual funds.

As at 31 December 2012 Artio Global had gross assets of $192 million and the statutory net loss for the year to 31 December 2012 was $48 million.

Artio Global will be releasing its fourth quarter and full year 2012 earning at 7:00 am (EST) today, February 14, 2013. For more information, please visit www.artioglobal.com.

This announcement has been issued by, and is the sole responsibility of, Aberdeen. No representation or warranty express or implied, is or will be made as to or in relation to, and no responsibility or liability is or will be accepted by J.P. Morgan Cazenove or by any of its affiliates or agents as to or in relation to, the accuracy or completeness of this announcement or any other written or oral information made available to or publicly available to any interested party or its advisers and any liability therefore is expressly disclaimed.

J.P. Morgan Limited (which conducts its UK investment banking business as J.P. Morgan Cazenove), which is authorised and regulated by the Financial Services Authority in the United Kingdom, is acting exclusively for Aberdeen and for no one else in connection with the matters described in this announcement and is not, and will not be, responsible to anyone other than Aberdeen for providing the protections afforded to clients of J.P. Morgan Cazenove, or for providing advice in connection with the matters described in this announcement.