Director/PDMR Shareholding

ABERDEEN ASSET MANAGEMENT PLC

Aberdeen Asset Management PLC ("the Company") announces the following information in relation to Andrew Laing's shareholding.

1. Based on the Company's performance for the three years to 30 September 2010, 51,587 ordinary shares (approximately 84.7% of the award made in 2007 under the Group's Long-Term Incentive Plan) have vested and 9,315 ordinary shares (being the balance of the 2007 award) have been forfeited. Mr Laing sold the 51,587 shares which vested at 182p per share on 1 December 2010. These shares were previously held in Mr Laing's own name. The Company was notified on 3 December 2010.

2. On 6 December 2010, 14,130 ordinary shares were issued to Mr Laing upon conversion of 13 6.75% Convertible Preference Share Units, in accordance with the terms and conditions of issue of such units as contained in the Company's prospectus dated 3 June 2005. The ordinary shares are held in a nominee account, Securities Services Nominees Limited. The Company was notified of the issue on 6 December 2010.

Following these transactions, Mr Laing holds a total of 1,188,793 ordinary shares in the Company, representing 0.10% of the Company's issued share capital. Mr Laing also has an unconditional entitlement to a further 201,045 ordinary shares in respect of awards made as part of the Company's deferred bonus arrangements in 2007, 2008 and 2009 which have reached their earliest vesting dates.

Mr Laing has been granted an award over a further 282,822 ordinary shares, exercisable in three equal tranches over the following three years, as part of the 2010 annual bonus programme; this award was recommended by the Remuneration Committee and the Company was subsequently notified of the approval of this award by the Trustees of the Company's Employee benefit Trust on 3 December 2010.

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