Change to Exchange Price

Aberdeen Asset Management PLC and Aberdeen Warrants (Jersey) Limited

Convertible Preference Share Units

Change to Exchange Price

Aberdeen Asset Management PLC ("the Company") and Aberdeen Warrants (Jersey) Limited announces that, following the approval of the final dividend at the Company's Annual General Meeting on 19 January 2012, the Exchange Price of the Warrants, forming part of the Company's Convertible Preference Share Units, will reduce from 90 pence per Ordinary Share to 87 pence per Ordinary Share with immediate effect.

Capitalised terms used in this announcement bear the same meanings as those ascribed to them in the terms and conditions of the Warrants set out in the prospectus issued by the Company and Aberdeen Warrants (Jersey) Limited on 3 June 2005.

Contact:

Neil Bennett, Maitland - 020 7379 5151