Interim Management Statement

ABERDEEN ASSET MANAGEMENT PLC

INTERIM MANAGEMENT STATEMENT - NINE MONTHS TO 30 JUNE 2012

Highlights

·; Assets under management resilient at £182.7 billion

·; £8.8 billion of new business won in the quarter; £27.0 billion for the nine months to 30 June 2012

·; Positive net new business flows of £300 million for the quarter despite the poor economic backdrop

·; Net flows for the quarter add approximately £15 million in annualised fee income

Martin Gilbert, Chief Executive of Aberdeen, commented:

"This has been another successful quarter for Aberdeen, despite the global economic uncertainties and subdued conditions in the world's financial markets. We continue to concentrate on delivering superior investment performance and service for our clients, which enables us to grow organically whilst maintaining a strong balance sheet"

Assets under management ("AuM") at 30 June 2012 totalled £182.7 billion, a 1% decrease on 31 March 2012, as summarised in the following table.

We added gross new business totalling £8.8 billion in the quarter, compared to £10.9 billion for the same quarter last year, bringing the total for the nine month period to 30 June 2012 to £27.0 billion (2011: £33.9 billion). Gross inflows for the quarter are approximately £1.6 billion lower than for the previous quarter, as we have seen a welcome slowing of flows into our global emerging market equity ("GEM") funds.

Net new business inflows for the quarter totalled £0.3 billion (2011: £0.7 billion), with healthy net inflows to our higher margin equity products being offset by net outflows from our lower margin capabilities. Overall, the impact of the quarter's net flows will add approximately £15 million of annualised fee income.

Net equity inflows were fairly evenly distributed across the three key capabilities, Asia Pacific, GEM and global equities. Within fixed income, our emerging market debt funds continue to attract steady net inflows and our property team continued its recent fundraising momentum by achieving €105 million of equity commitments to a Swedish residential property fund. An analysis of the new business figures for the nine months to 30 June 2012 is provided at the end of this statement.

We continue to focus our distribution effort on markets with the largest asset pools, particularly USA and Europe, and we believe that the current investor focus on income and yield generation, global products and a greater use of alternatives is likely to continue. As part of our investment in additional resource in the US, we will open an office in New York later this year.

Performance remains robust and our investment philosophy and disciplined process have served investors well in the volatile market conditions we continue to experience. We are pleased to note that the quality of our teams was recognised by a number of recent awards.

We are likely to see further volatility in global markets but remain confident that we can continue the organic growth of the Group's revenue and profit.

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

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

UK Freefone: 0800 783 0906

UK Direct: 01296 480 100

International Direct: +44 1296 480 100

Passcode: 511 075

ASSETS UNDER MANAGEMENT AT 30 JUNE 2012

OVERALL NEW BUSINESS FLOWS FOR 9 MONTHS TO 30 JUNE 2012 - BY MANDATE TYPE

OVERALL NEW BUSINESS FLOWS FOR 9 MONTHS TO 30 JUNE 2012 - BY ASSET CLASS

NEW BUSINESS FLOWS FOR 9 MONTHS TO 30 JUNE 2012 - EQUITIES

NEW BUSINESS FLOWS FOR 9 MONTHS TO 30 JUNE 2012 - FIXED INCOME

NEW BUSINESS FLOWS FOR 9 MONTHS TO 30 JUNE 2012 - ABERDEEN SOLUTIONS