Interim Management Statement

ABERDEEN ASSET MANAGEMENT PLC

INTERIM MANAGEMENT STATEMENT - 3 MONTHS TO 31 DECEMBER 2012

Highlights

·; Assets under management £193.4 billion (30 September 2012: £187.2 billion)

·; £10.8 billion of new business won in the quarter (quarter to 30 September 2012: £9.0 billion)

·; Net new business for the quarter: +£1.1 billion (quarter to 30 September 2012: £nil)

Martin Gilbert, Chief Executive of Aberdeen, commented: "Overall performance across Aberdeen's range of strategies continues to be strong. This performance, driven by our disciplined approach to investing, combined with our global distribution model has helped support flows into a range of products.

"The economic problems of many developed world countries are likely to remain a challenge for growth and markets for some years to come. However, Aberdeen's focus on fundamentals and expertise in a wide range of asset classes leaves us well placed to continue to meet the needs of our clients."

Assets under management

Assets under management ("AuM") of £193.4 billion at 31 December 2012 were 3% higher than at 30 September 2012. The principal changes in AuM during the quarter are shown in the following table.

New business flows

Gross new business wins for the quarter totalled £10.8 billion, compared to £9.0 billion for the previous quarter, to 30 September 2012. Outflows totalled £9.7 billion (quarter to 30 September 2012: £9.0 billion), resulting in net inflows for the quarter of £1.1 billion (30 September 2011: net flows of £nil).

The trend we experienced in 2012 has continued, whereby inflows have been attracted into higher margin pooled funds investing in both equities and bonds whilst outflows have been mainly from lower margin segregated portfolios. The effect on revenue is therefore positive, with the net flows for the quarter adding approximately £30 million of annualised fee income.

Flows into our equity products have remained strong, with our Asia Pacific product having been particularly popular in the latest quarter. Net inflows to emerging market equities have continued at a higher rate than we are comfortable with and we are working to achieve a slowdown to ensure performance is not compromised.

Inflows to our emerging market debt funds have accelerated, with £0.8 billion of net inflows for the quarter; AuM in this capability has increased to £6.5 billion (30 September 2012: £5.5 billion). We have also seen continued investor interest in our high yield capabilities.

An analysis of the new business figures for the quarter to 31 December 2012 is provided at the end of this statement.

Investment performance

Our equities teams have continued to deliver consistent strong performance, thus maintaining excellent long term track records.

In fixed income, all of our major strategies are ahead of their respective three-year benchmarks; over a one-year period, performance in the traditional strategies is more mixed. Our property mandates continue to meet clients' objectives and within solutions, our multi-asset products have good long term track records, while our core fund of hedge funds vehicles also continue to perform well.

Outlook

Global stock markets have begun 2013 with a more positive tone; while this is welcome, we believe that uncertainty still persists and that further periods of volatility remain likely in the months ahead. However, we believe we are well positioned to use the diversity of our specialist investment products, coupled with our global asset gathering capability, to achieve further organic growth of our revenue streams.

For further information please contact:

Aberdeen Asset Management PLC + 44 (0) 20 7463 6000

Martin Gilbert

Bill Rattray

Maitland + 44 (0) 20 7379 5151

Neil Bennett

Tom Eckersley

Management will host a conference call for analysts and institutions at 08:00 GMT today.

UK Primary: 0844 800 3850

International direct: +44 844 800 3850

Passcode: 887 786

ASSETS UNDER MANAGEMENT AT 31 DECEMBER 2012

OVERALL NEW BUSINESS FLOWS FOR 3 MONTHS TO 31 DECEMBER 2012 - BY MANDATE TYPE

OVERALL NEW BUSINESS FLOWS FOR 3 MONTHS TO 31 DECEMBER 2012 - BY ASSET CLASS

NEW BUSINESS FLOWS FOR 3 MONTHS TO 31 DECEMBER 2012 - EQUITIES

NEW BUSINESS FLOWS FOR 3 MONTHS TO 31 DECEMBER 2012 - FIXED INCOME

NEW BUSINESS FLOWS FOR 3 MONTHS TO 31 DECEMBER 2012 - ABERDEEN SOLUTIONS