Dividend declaration - sterling dividend rate

Aberdeen Frontier Markets Investment Company Limited (the "Company")

LEI: 213800X9N731I4IPK361

Exchange rate for the interim dividend for the year ending 30 June 2020

The Company announces that the USD:GBP exchange rate for the previously announced interim dividend for the year ending 30 June 2020 of 1 cent per ordinary share has been set at 1.23399. The sterling equivalent dividend payable is 0.81037934p per ordinary share. The dividend will be paid in sterling on 26 June 2020 to shareholders on the register on 29 May 2020.

29 May 2020

www.aberdeenfrontiermarkets.co.uk

Enquiries:

Aberdeen Standard Fund Managers Limited (Alternative Investment Fund Manager to Aberdeen Frontier Markets Investment Company Limited)

William Hemmings / Gary Jones

Tel: +44 (0)20 7463 6000

Grant Thornton UK LLP (Nominated Adviser)

Philip Secrett

Tel: +44 (0)20 7383 5100

Numis Securities Limited (Nominated Broker)

David Benda

Tel: +44 (0) 20 7260 1275

END