Interim Management Statement

ABERDEEN ASSET MANAGEMENT PLC

PRE-CLOSE TRADING UPDATE

· Assets under Management at 31 August 2013: £201.7 billion (30 June 2013: £209.6 billion)

· Gross new business of £7.0 billion in the two month period under review; net outflows of £1.2 billion spread across asset classes

· Underlying pre-tax profit for the year to 30 September 2013 expected to be towards the upper end of market forecasts

Martin Gilbert, Chief Executive of Aberdeen, commented:

"Aberdeen's performance during the past year, and particularly over the last three months, has demonstrated our core resilience. Our assets under management, balance sheet and profitability remain robust despite continuing market volatility. This is testament to the scale and diversity of the business and the long-term performance and service we offer clients across different funds and asset classes. Encouragingly, we continue to see considerable investor appetite for our non-equity products, for example the £130 million of commitments recently received for a new property fund.

"We have a fundamental approach to investment, one we believe our clients appreciate. While emerging markets have seen some cyclical adjustments in recent months, their structural growth potential remains unchallenged. The long-term attractions of the companies and countries in which we invest are compelling. We are also mindful that while there are signs of recovery in Europe and the US the situation is fragile and structural problems have not been resolved. Aberdeen and our funds are well placed to navigate the difficult market environment ahead to deliver strong returns to our clients and investors."

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

Pre-close update

In advance of entering a close period ahead of the announcement of annual results for the 12 months to 30 September 2013, Aberdeen provides the following trading update.

Assets under management ("AuM") at 31 August 2013 totalled £201.7 billion compared to £209.6 billion as reported in our last Interim Management Statement. The principal movements are summarised in the following table.

There was considerable volatility in global markets during the summer and investor sentiment has been muted as markets wait for signs of a decisive improvement in economic conditions, particularly in the developing world. Against this backdrop, the two month period under review has been difficult for the whole asset management sector. However, overall net flows show an improvement on the previous quarter.

Gross new business flows for the two months to 31 August 2013 totalled £7.0 billion, bringing the total for the 11 months year to date to an encouraging £41.3 billion (11 months to 31 August 2012: £33.1 billion). Net new business showed outflows of £1.2 billion in the two months to 31 August 2013, resulting in net outflows of £0.2 billion for the 11 month period (11 months to 31 August 2012: net outflow £0.2 billion).

Inflows for the two month period have again been biased towards our higher margin equities products, supported by steady inflows to emerging market debt and high yield bonds. The latter recorded some good flows during the two month period relative to previous quarters. This was due to a combination of investors' search for income and our strong regional high yield products alongside the global capability we acquired from Artio Global Investors (Artio).

There was a small net outflow from equities, including £0.6 billion of net outflows from GEM equities which reflects the combination of weaker investor sentiment in the short term and the action we have taken to manage capacity. This outflow was more than offset by flows into our Asia Pacific and Japan equity products. There was also a net outflow of £0.5 billion from global equities, largely due to the withdrawal of assets by a single investor.

We continue to focus our distribution efforts on promoting our wider capabilities, including the additional products added by the two small transactions we completed in May, Artio and SVG Advisers, in a number of key markets with particular emphasis on the US and Continental Europe. Since the end of the period we have also received approval for a new property fund to which investors have made initial investment commitments of £130 million.

While we retain a cautious outlook for markets generally, we believe our long term investment philosophy and disciplined process leave us well placed to achieve further growth in profits and cashflow. Due to our strong cost control culture and the recent shift towards higher margins products we now expect underlying pre-tax profit for the current financial year to be towards the top end of analysts' forecasts (current range £431 million - £477 million).

The announcement of the company's annual results for the year to 30 September 2013 will be made on 25 November 2013.

ASSETS UNDER MANAGEMENT AT 31 AUGUST 2013

OVERALL NEW BUSINESS FLOWS FOR 11 MONTHS TO 31 AUGUST 2013 - BY MANDATE TYPE

OVERALL NEW BUSINESS FLOWS FOR 11 MONTHS TO 31 AUGUST 2013 - BY ASSET CLASS

NEW BUSINESS FLOWS FOR 11 MONTHS TO 31 AUGUST 2013 - EQUITIES

NEW BUSINESS FLOWS FOR 11 MONTHS TO 31 AUGUST 2013 - FIXED INCOME

NEW BUSINESS FLOWS FOR 11 MONTHS TO 31 AUGUST 2013 - ABERDEEN SOLUTIONS