Redemption of 3.5% Convertible Bond due 2014

ABERDEEN ASSET MANAGEMENT PLC

Aberdeen Asset Management PLC ("the Company") has today notified bondholders, in accordance with the terms and conditions of the Company's 3.5% convertible bonds due 2014, that all outstanding bonds in issue on 3 January 2013 will be redeemed in full together with accrued interest on such date ("Redemption Date"). As at 30 October 2012, the last practicable date prior to this notice:

·; the Conversion Price for the Bonds was 185 pence per Ordinary Share; 

·; the Current Market Price of an Ordinary Share was 323.5 pence; and

·; the aggregate principal outstanding on the Bonds was £80.2 million

Conversion rights attached to the bonds will be exercisable in accordance with their terms of issue until 5.00 pm on Thursday 27 December 2012. To the extent that bondholders elect to exercise their conversion rights the Company's core tier 1 regulatory capital will increase by a similar amount.

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