Aberdeen Asia-Pacific Income Investment Company Limited announces performance data and portfolio composition



    TORONTO, March 30 /CNW/ - Aberdeen Asia-Pacific Income Investment Company
Limited (the "Company") (TSX: FAP), a closed-end investment company trading on
The Toronto Stock Exchange, today announced performance data and portfolio
composition details as of February 28, 2007.
    The Company's total returns for various periods through February 28, 2007
are provided below. (All figures are based on distributions reinvested at the
dividend reinvestment price and are stated net-of-fees):

    
                                                           Market Price
    Period                     NAV Total Return (%)      Total Return (%)
    -------------------------------------------------------------------------
                              Cumulative  Annualized  Cumulative  Annualized
    -------------------------------------------------------------------------
    Since inception              505.3         9.1       466.3         8.8
    (June 1986)
    -------------------------------------------------------------------------
    10-years                      60.0         4.8        51.4         4.2
    -------------------------------------------------------------------------
    5-years                       47.9         8.1        67.2        10.8
    -------------------------------------------------------------------------
    3-years                       11.2         3.6        22.6         7.0
    -------------------------------------------------------------------------
    1-year                              15.1                     12.1
    -------------------------------------------------------------------------

    The Company's returns, which are denominated in Canadian dollars, are
affected by the performance of the Canadian dollar against the various
currencies listed below.

    As of February 28, 2007, the portfolio was invested as follows:

    -------------------------------------------------------------------------
                               Currency Exposure (%)  Geographic Exposure (%)
    -------------------------------------------------------------------------
    Australia                          48.5                    40.7
    -------------------------------------------------------------------------
    New Zealand                         0.1                     2.6
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    United States                      29.5(*)                  1.0
    -------------------------------------------------------------------------
    Canada                              0.1                     0.1
    -------------------------------------------------------------------------
    Mexico                              1.5                     1.5
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    South Korea                         4.6                     3.9
    -------------------------------------------------------------------------
    Singapore                           3.9                     2.0
    -------------------------------------------------------------------------
    Thailand                            2.5                     2.0
    -------------------------------------------------------------------------
    Japan                                 -                     0.7
    -------------------------------------------------------------------------
    Philippines                         0.9                    17.0
    -------------------------------------------------------------------------
    Malaysia                            2.2                     4.4
    -------------------------------------------------------------------------
    India                               1.0                     2.0
    -------------------------------------------------------------------------
    China                                 -                     1.2
    -------------------------------------------------------------------------
    Hong Kong                             -                     4.3
    -------------------------------------------------------------------------
    Indonesia                           5.2                    15.8
    -------------------------------------------------------------------------
    Taiwan                                -                     0.4
    -------------------------------------------------------------------------
    Vietnam                               -                     0.1
    -------------------------------------------------------------------------
    Pakistan                              -                     0.3
    -------------------------------------------------------------------------
    (*) of which 41.1% is held in US$ denominated bonds issued by foreign
        issuers.
    

    As of February 28, 2007, the Company's net assets, including C$139.8
million in bank borrowing, amounted to C$587.0 million with a net asset value
per share of C$9.01.
    As of February 28, 2007, 56.2% of the portfolio was invested in
securities where either the issue or the issuer was rated "A" or better, or
judged by the Investment Manager to be of equivalent quality. The credit
quality and maturity breakdown of the portfolio was as follows:

    
    -------------------------------------------------------------------------
                             Credit Quality (%)
    -------------------------------------------------------------------------
     AAA/Aaa      AA/Aa         A           BBB/Baa      BB/Ba            B
    -------------------------------------------------------------------------
      30.7         8.9         16.6           8.2         33.5           2.1
    -------------------------------------------------------------------------


    -------------------------------------------------------------------------
                                 Maturity (%)
    -------------------------------------------------------------------------
     (less than)3 Years    3-5 Years    5-10 Years    (greater than)10 Years
    -------------------------------------------------------------------------
             23.0            19.6          37.4                20.0
    -------------------------------------------------------------------------
    

    As of February 28, 2007, the average maturity of the portfolio was 9.4
years.
    Prior to October 5, 2006, the Company had outstanding $120 million of
auction market preferred stock ("AMPS"). The AMPS were used with the intent of
enhancing returns by borrowing at U.S. interest rates and investing the
proceeds in relatively higher yielding Asian and Australian fixed-income
securities. In order to minimize the impact of fluctuations in U.S. interest
rates on the costs associated with the AMPS, the Company had entered into an
interest rate swap agreement, enabling the Company to lock in fixed interest
rates for 64% of the then outstanding AMPS. Details regarding this interest
rate swap are contained in the Company's annual report to shareholders.
    On October 5, 2006, the AMPS were effectively redeemed and replaced with
borrowing of an equivalent amount from a major Canadian financial institution.

    Important Information

    Aberdeen Asset Management Inc., the Fund's Administrator, has prepared
this report based on information sources believed to be accurate and reliable.
However, the figures are unaudited and neither the Fund, the Administrator,
Aberdeen Asset Management Asia Limited (the Investment Manager), Aberdeen
Asset Management Limited (the Investment Advisor), nor any other person
guarantees their accuracy. Investors should seek their own professional advice
and should consider the investment objectives, risks, charges and expenses
before acting on this information.
    Total return figures are stated net-of-fees, in C$ and represent past
performance. They assume reinvestment of dividends at the dividend
reinvestment price on the ex-dividend date and include long-term capital
gains. The returns are not adjusted for any issuance of rights or warrants by
the Company. Past performance is not indicative of future results, current
performance may be higher or lower. Inception date June 13, 1986.

    ----------------------------------------------------------------------
    If you wish to receive this information electronically, please contact
    InvestorRelations@aberdeen-asset.com
    ----------------------------------------------------------------------






For further information:

For further information: Aberdeen Asset Management Inc., Investor
Relations, 800-992-6341, InvestorRelations@aberdeen-asset.com


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