Transaction in Own Shares

27 October 2011

Aberdeen Private Equity Fund Limited

Transaction in own shares

Aberdeen Private Equity Fund Limited (the "Company") announces that, on 27 October 2011, it purchased for cancellation 20,000 sterling shares of no par value at a price per share of 54.25 pence.

The purchase and cancellation will reduce the total number of sterling shares in issue to 108,283,199. The Company holds no shares in Treasury.

Accordingly, the total number of voting rights in the Company is now 108,283,199 and this figure may be used by shareholders as a denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FSA's Disclosure and Transparency Rules.

Enquiries:

Company Secretary and Administrator

Ipes (Guernsey) Limited

John Ellman-Brown

01481 713843