Update regarding wind-up of Aberdeen SCOTS Trust



    TORONTO, May 4 /CNW/ - Aberdeen Asset Management Inc., the investment
manager of the Aberdeen SCOTS Trust (TSX: SCO.UN) announced that having
received Unitholder approval for the early wind-up of the Trust, the Trust has
now prepaid the forward fees and has terminated both of the forward purchase
and sale agreements with Canadian Imperial Bank of Commerce and TD Global
Finance, an affiliate of The Toronto-Dominion Bank. The Manager is currently
in the process of liquidating the Managed Portfolio of the Trust. The net
asset value of the Trust is slightly lower than previously estimated and is
now $23.64 per Unit.
    The Manager continues to believe that it is in the best interest of
Unitholders to wind-up the Trust, rather than to continue the Trust until the
termination date of December 31, 2013 and will proceed with the termination of
the Trust.
    On or about May 29, 2009, the Trust will have completed liquidation of
the remaining assets and the proceeds of the sale of the Trust's assets (net
of any liabilities and expenses) will be distributed to Unitholders as soon as
practicable after the termination of the Trust. The units of the Trust will be
delisted from the Toronto Stock Exchange on May 29, 2009.
    For further information: Please contact Investor Relations at
800-992-6341.

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





For further information:

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

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ABERDEEN SCOTS TRUST

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