Interim Management Statement

ABERDEEN ASSET MANAGEMENT PLC

INTERIM MANAGEMENT STATEMENT - 9 MONTHS TO 30 JUNE 2010

Highlights

·; Assets under management totalled £164.7 billion at 30 June 2010

·; £11.2 billion of new business won in the quarter; £36.3 billion for the nine months to 30 June 10

·; Net new business for 9 months to 30 June 2010: +£0.4 billion

Martin Gilbert, Chief Executive of Aberdeen, commented:

"Despite ongoing turbulence in global markets, Aberdeen has delivered robust performance in the latest quarter. We have seen healthy new business wins and slowing redemptions, resulting in net inflows for the period. Of particular note is the increase in net inflows to our pooled funds. This success is due to the diversified nature of our business, both in terms of asset class and our global client base, as well as our consistent and disciplined investment processes.

"Looking forward, we will remain focused on organic growth and building on the strong distribution relationships we have been developing over recent years."

The third quarter of our financial year has seen weaker global markets due to concerns over government debt levels, the consequences for economic growth following the implementation of austerity packages and fears of asset bubbles in China. Against this background we have continued to experience healthy new business flows into our equity capabilities whilst fixed income outflows have slowed.

Assets under management ("AuM") of £164.7 billion at 30 June 2010 were 3.6% lower than at 31 March 2010 primarily as a result of the decline in equity markets and exchange rate movements. The principal changes in AuM during the quarter are shown in the following table.

Gross new business wins for the quarter totalled £11.2 billion, compared to £3.4 billion for the same quarter last year, bringing the total for the nine month period to 30 June 2010 to £36.3 billion (2009: £8.8 billion). A further £2.1 billion of new mandates had been awarded to the Group at 30 June 2010 but not funded at that date.

Redemptions have slowed compared to the previous two quarters, particularly on fixed income mandates. As a result, net new business for the quarter totalled £0.3 billion, compared to net outflows of £2.2 billion in the equivalent quarter last year; net inflows for the nine month period to 30 June 2010 were £0.4 billion (2009: net outflows of £10.7 billion).

The majority of the outflows have been from segregated mandates, principally in the lower margin fixed income and money market asset classes. Inflows to pooled funds, which attract higher revenue margins, continue to grow steadily, with net inflows of £1.8 billion for the quarter (2009: £0.2 billion) and net inflows of £3.9 billion for the nine month period to 30 June 2010 (2009: net outflow of £0.1 billion). As a result, the overall effect on revenue is positive, with the net flows for the quarter adding approximately £10 million of annualised fee income. An analysis of the new business figures for the nine months to 30 June 2010 is provided at the end of this statement.

Fixed income performance continues to rebound as demonstrated by strong one year and year to date performance against benchmark. Our specialist fixed income capabilities - Asia Pacific, emerging markets and high yield - remain the focus of investor interest. Our expertise in Asia Pacific fixed income was recently recognised at the Global Investor Awards, where Aberdeen collected the award for best Asia Pacific fixed income manager.

Robust long-term equity performance has continued in global equities, global emerging markets, Asia Pacific and US equities, resulting in healthy new business globally and our first US equity segregated mandate win from a European institution. In property, although sentiment has improved globally, both investors and lenders remain risk averse and investment and lending activity is essentially focused on core property.

Our distribution efforts continue to make progress on a number of fronts globally. In the US, we have completed an agreement in July by which we become the manager of four mutual funds previously managed by Bank of Hawaii. These funds (AuM: $450 million) will be merged with similar funds in our existing mutual fund range to create more scalable products.

We continue to operate at a healthy margin and we remain focused on controlling costs and converting profit into operating cashflow. As a result, we remain on track to eliminating our short-term bank debt by the financial year-end. We believe that there remains a risk of further market volatility in the near term but we are confident that the Group's financial strength and diversified product and client base will continue to deliver organic growth in future periods.

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

Charlotte Walsh

ASSETS UNDER MANAGEMENT AT 30 JUNE 2010

OVERALL NEW BUSINESS FLOWS FOR 9 MONTHS TO 30 JUNE 2010 - BY MANDATE TYPE

OVERALL NEW BUSINESS FLOWS FOR 9 MONTHS TO 30 JUNE 2010 - BY ASSET CLASS

NEW BUSINESS FLOWS FOR 9 MONTHS TO 30 JUNE 2010 - EQUITIES

NEW BUSINESS FLOWS FOR 9 MONTHS TO 30 JUNE 2010 - FIXED INCOME

Note: figures in the above tables may appear not to add due to rounding differences