ABERDEEN NAMED FASTEST GROWING MONEY MANAGER OF CANADIAN PENSION ASSETS

TORONTO, May 26, 2011 /CNW/ - Benefits Canada magazine, an industry-leading publication for pension plans and benefit providers has named Aberdeen Asset Management as the fastest growing manager of Canadian pension assets during 2010.

The Top 40 Money Manager survey was published in the May edition of the magazine1, and highlights the strong growth Aberdeen experienced during 2010. Assets under management rose 57.1% for the year ending December 31st 2010, with $4,051.8 in total pension assets under management at the end of the year. This strong increase also enabled Aberdeen to make it into the Top 40 Money Managers in Canada in terms of total assets under management, placing it in 36 position.

Renee Arnold, Head of Business Development - Canada at Aberdeen comments:

"Aberdeen Asset Management has been active in the Canadian market for many years. Our investment managers and business development team have been visiting Canada for over ten years to enable consultants, institutions and pension funds to become familiar with our investment approach and style. Furthermore we established an office in Toronto two years ago in order to be closer to our clients and further develop our business. The announcement by Benefits Canada is recognition of this work and most importantly a reflection of the way institutional investors are increasingly allocating funds to our investment teams. We are committed to servicing our existing client base and to introduce Aberdeen's broad investment capabilities to Canadian institutional investors. "

1 : Benefits Canada, May 2011

NOTES TO EDITORS

About Aberdeen worldwide

Aberdeen Asset Management PLC ("Aberdeen Asset"), is a global investment management group which is headquartered in Aberdeen, Scotland, and manages more than C$282 billion of assets for both institutions and private individuals (as of Mar. 31, 2011). The group employs over 1,800 staff across 24 countries worldwide.

Disclaimer

Aberdeen Asset Management ("AAM") is the marketing name in Canada for Aberdeen Asset Management Inc, Aberdeen Fund Distributors, LLC, and Aberdeen Asset Management Asia Ltd. Aberdeen Asset Management Inc is registered as a Portfolio Manager in the Canadian provinces of Ontario, Nova Scotia and New Brunswick. Aberdeen Asset Management Asia Limited is registered as a Portfolio Manager in Ontario. Aberdeen Fund Distributors, LLC operates as an Exempt Market Dealer in all provinces and territories of Canada. Aberdeen Fund Distributors, LLC is a wholly owned subsidiary of Aberdeen Asset Management Inc. Both Aberdeen Asset Management Inc. and Aberdeen Asset Management Asia Ltd. are wholly owned by Aberdeen Asset Management PLC. This information does not constitute or form part of any offer for sale or solicitation of any offer to buy or subscribe for any securities nor shall it or any part of it form the basis of or be relied on in connection with, or act as any inducement to enter into, any contract or commitment whatsoever. The information presented in this document does not constitute investment advice. AAM is not holding itself out as engaging in the business of advising others as to the investing in or the buying or selling of securities. AAM is not in the business of advising others as to the investing in or the buying or selling of securities except in those provinces and territories in Canada in which it is duly registered as an portfolio manager, Exempt Market Dealer, or in which it is entitled to rely on an exemption. Any opinion or estimate contained in this document is made on a general basis and is not to be relied on by the reader as advice. Neither AAM nor any of its agents have given any consideration to nor have they made any investigation of the investment objectives, financial situation or particular need of the reader, any specific person or group of persons. Accordingly, no warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of the reader, any person or group of persons acting on any information, opinion or estimate contained in this document.

AAM reserves the right to make changes and corrections to its opinions expressed in this document at any time, without notice.

SOURCE Aberdeen Asset Management Inc.

For further information:

Mark Lidstone, Senior Marketing Manager, 416 509 6335
mark.lidstone@aberdeen-asset.com

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Aberdeen Asset Management Inc.

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