Net Asset Value(s)

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

LEI: 213800X9N731I4IPK361

The Company announces that its unaudited Net Asset Value ('NAV') as at the close of business on 23 April 2020 was as follows:

USD

GBP equivalent

NAV per Share (including income)

0.4898

0.3968

NAV per Share (excluding income)

0.4859

0.3936

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