Aberdeen Asia-Pacific Income Investment Company Limited announces completion of rights offering

    TORONTO, Aug. 24 /CNW/ - Aberdeen Asia-Pacific Income Investment Company
Limited (TSX: FAP) (the "Company") announced today that its rights offering
(the "Offering") expired at 4:00 p.m. (local time) on August 21, 2007. In
total, 2,941,398 ordinary shares have been issued under the Offering at
$7.50 per share. The Company received gross proceeds of approximately
    Each holder of an ordinary share was entitled to one right (a "Right")
for each ordinary share held on July 25, 2007. Four Rights entitled the holder
to subscribe for one ordinary share at a subscription price of $7.50. The
subscription price of $7.50 represented a discount of 10% to the net asset
value of $8.33 per share on July 11, 2007.
    CIBC World Markets Inc. was appointed dealer manager for the Offering and
formed a soliciting dealer group to solicit subscriptions of the Rights.
    The net proceeds of the Offering will be used to increase the Company's
allocation to debt securities of Asia-Pacific countries and other emerging
market countries in accordance with the Company's investment policies and
restrictions, while maintaining an average credit quality for the portfolio of
investment grade.
    For additional information, please contact Aberdeen's Investor Relations
Department at 1-800-992-6341 or visit www.aberdeenfap.com.

    Information in this press release that is not current or historical
factual information may constitute forward-looking information within the
meaning of securities laws. Implicit in this information, particularly in
respect of future financial performance and condition of the Company, are
factors and assumptions which, although considered reasonable by the Company
at the time of preparation, may prove to be incorrect. Shareholders are
cautioned that actual results are subject to a number of risks and
uncertainties, including general economic and market factors, including
credit, currency, political and interest-rate risks and could differ
materially from what is currently expected. The Company has no specific
intention of updating any forward-looking information whether as a result of
new information, future events or otherwise.

    If you wish to receive this information electronically, please contact

For further information:

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

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