Completion of Acquisition

Aberdeen Asset Management PLC ("The Company")

Completion of the acquisition of Scottish Widows Investment Partnership Infrastructure fund management business

2 May 2014

Aberdeen Asset Management PLC ("Aberdeen" or the "Company") is pleased to confirm that following close of business on 1 May 2014 it has completed the acquisition of Scottish Widows Investment Partnership's Infrastructure fund management business. With the completion of the acquisition of the Infrastructure fund management business, Aberdeen has now completed the acquisition of Scottish Widows Partnership Group Limited and its related private equity and infrastructure fund management businesses from Lloyds Banking Group plc ("Lloyds") announced on 18 November 2013.

In accordance with the Sale and Purchase Agreement, the final deferred top-up payment to Lloyds has been reduced from £39.4 million as announced on 1 April 2014 to £38.3 to reflect the completion of the Infrastructure acquisition. This will be payable to Lloyds at the end of a 12 month period following completion and Aberdeen is entitled, at its sole option, to make this payment either in cash or by the issue of additional new ordinary shares to Lloyds. The total consideration for the Acquisition including the deferred top-up payment is approximately £550 million.

Application has been made to The UK Listing Authority and The London Stock Exchange for a listing of 5,952,000 ordinary shares of 10 pence as consideration for the Infrastructure fund management business acquisition, to trade on The London Stock Exchange and to be admitted to the Official List. These shares shall rank pari passu with the existing issued ordinary shares of the Company and it is expected that admission will commence at 8.00am today, Friday 2 May, 2014.

For further information, please contact:

Maitland + 44 (0) 20 7379 5151

Neil Bennett

Tom Eckersley