Director Declaration

9 November 2011

Aberdeen Private Equity Fund Limited

Director Declaration

In compliance with Listing Rule 9.6.14(2), Aberdeen Private Equity Fund Limited (the "Company") announces that Mr David Copperwaite, a non-executive director, has informed the Company that Damille Investments II Limited, a company incorporated in Guernsey of which he is a Director, was admitted to trading on the Specialist Fund Market of the London Stock Exchange on 9 November 2011.