Aberdeen Asia-Pacific Income Investment Company Limited announces monthly dividend

    TORONTO, Sept. 13 /CNW/ - Aberdeen Asia-Pacific Income Investment Company
Limited (TSX: FAP) (the "Company"), a closed-end investment company trading on
The Toronto Stock Exchange, announced today that it will pay a monthly
dividend of CAD 6.0 cents per ordinary share on October 12, 2007 to all
ordinary shareholders of record as of September 28, 2007 (ex-distribution date
September 26, 2007).
    For the 12 months to August 31, 2007, the Company has paid total
distributions amounting to CAD 72.0 cents per ordinary share.
    The policy of the Company's Board of Directors is to maintain a stable
monthly distribution out of net investment income, supplemented by available
realized capital gains and paid-in capital as required. This policy is subject
to regular review at the Board's quarterly meetings. The next review is
scheduled to take place in December 2007.
    In an August 24, 2007 press release the Company announced the completion
of a rights offering resulting in gross proceeds of approximately $22,060,485
representing subscription of approximately 24% of the rights issued. As the
Company is currently under-earning its distributions, the purpose of the
rights offering was to raise additional capital to increase the Company's
exposure to developing markets with a view to enhancing earnings. The result
of the rights offering has limited the Investment Adviser's ability to make
such additional investments. The Investment Adviser intends to invest the
additional funds as well as reposition the existing portfolio to take
advantage of investment opportunities arising from recent volatility in higher
yielding markets, while maintaining an average credit quality of investment
grade. In connection with this initiative, the Board of Directors has approved
an amendment to the Company's Secondary By-laws to expressly permit investment
of no more than 15% of the Company's total assets in debt securities of "other
countries" (i.e. other than Australia, New Zealand or Asian securities).
    Shareholders with registered addresses in Canada will receive
distributions in Canadian dollars unless they have elected otherwise. The
distribution constitutes a dividend for Canadian income tax purposes.
    The Company is managed by Aberdeen Asset Management Asia Limited and
advised by Aberdeen Asset Management Limited.

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

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