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



    TORONTO, June 29 /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 May 31, 2007.
    The Company's total returns for various periods through May 31, 2007 are
provided below. (All figures are based on distributions reinvested at the
dividend reinvestment price and are stated net-of-fees):

    
    -------------------------------------------------------------------------
    Period           NAV Total Return (%)      Market Price Total Return (%)
    -------------------------------------------------------------------------
                Cumulative       Annualized      Cumulative       Annualized
    -------------------------------------------------------------------------
    Since
    inception
    (June 1986)      473.7              8.7           453.4              8.5
    -------------------------------------------------------------------------
    10-years          49.2              4.1            50.7              4.2
    -------------------------------------------------------------------------
    5-years           33.9              6.0            49.2              8.3
    -------------------------------------------------------------------------
    3-years            8.7              2.8            24.8              7.7
    -------------------------------------------------------------------------
    1-year                     11.6                             17.2
    -------------------------------------------------------------------------

    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 May 31, 2007, the portfolio was invested as follows:

    -------------------------------------------------
                        Currency        Geographic
                        Exposure (%)    Exposure (%)
    -------------------------------------------------
    Australia              50.1             40.0
    -------------------------------------------------
    New Zealand             0.1              2.8
    -------------------------------------------------

    -------------------------------------------------
    United States        20.6(*)             1.3
    -------------------------------------------------
    Mexico                  1.6              1.6
    -------------------------------------------------

    -------------------------------------------------
    South Korea             4.7              4.7
    -------------------------------------------------
    Singapore               6.0              2.2
    -------------------------------------------------
    Thailand                2.5              1.4
    -------------------------------------------------
    Philippines             1.1             17.2
    -------------------------------------------------
    Malaysia                4.4              4.2
    -------------------------------------------------
    India                   2.0              2.3
    -------------------------------------------------
    China                     -              1.2
    -------------------------------------------------
    Hong Kong                 -              3.6
    -------------------------------------------------
    Indonesia               7.0             16.2
    -------------------------------------------------
    Taiwan                    -              0.4
    -------------------------------------------------
    Vietnam                   -              0.1
    -------------------------------------------------
    Pakistan                  -              0.2
    -------------------------------------------------
    Germany                   -              0.6
    -------------------------------------------------
    (*) of which 39.5% is held in US$ denominated bonds
        issued by foreign issuers.
    

    As of May 31, 2007, the Company's net assets, including C$141 Million in
bank borrowing, amounted to C$555.9 Million with a net asset value per share
of C$8.36.
    As of May 31, 2007, 54.0% 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             7.9          15.4         9.6         34.0        2.4
    -------------------------------------------------------------------------


    -------------------------------------------------------------------------
                                Maturity (%)
    -------------------------------------------------------------------------
     less than 3 Years      3-5 Years    5-10 Years    greater than 10 Years
    -------------------------------------------------------------------------
            23.4               17.9         35.6               23.1
    -------------------------------------------------------------------------
    

    As of May 31, 2007, the average maturity of the portfolio was 9.3 years.
    A revolving credit loan facility, in the amount of US$120,000,000, was
entered into on October 5, 2006 with the Bank of Nova Scotia, in order to fund
the redemption of the Company's Auction Market Preferred Stock ("AMPS") that
took place in October 2006. In November 2006, approximately 25% of the loan
was drawn in Canadian dollars in place of U.S. dollars. The leverage is used
with the intent of enhancing returns by borrowing at interest rates that are
lower than the relatively higher yields of the Asian-Pacific fixed income
securities in which the Company invests. The Company has entered into interest
rate swap agreements in order to fix the interest payable on an aggregate
notional amount of US$76.8 million, which represents 64% of the bank loan
facility. Details regarding the revolving credit loan facility and the
interest rate swap are contained in the Company's annual and semi-annual
reports to shareholders.

    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.

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    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, 1-800-992-6341, InvestorRelations@aberdeen-asset.com


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