Aberdeen G7 Trust announces normal course issuer bid

    TORONTO, Aug. 29 /CNW/ - Aberdeen G7 Trust (TSX:GSV.UN) (the "Trust"), an
investment trust trading on the Toronto Stock Exchange (the "TSX"), announced
today that the TSX has accepted notice of its intention to make a normal
course issuer bid, through which the Trust may make open market purchases on
the TSX. During the bid, which will commence August 31, 2007 and end no later
than August 30, 2008, the Trust may purchase up to 366,277 units, which is
approximately 10% of the total of the Trust's public float of 3,662,772 units
that the Trust had issued and outstanding as at August 27, 2007. The actual
number of units purchased, the time of the purchases and the prices at which
the units will be bought will depend upon future market conditions. The Trust
will not purchase in any 30 day period more than 73,255 units, being 2% of the
issued and outstanding units at the time of acceptance of the notice by the
TSX. The Trust will cancel shares purchased under the bid. In the previous
12 months, the Trust has not purchased any of its outstanding units.
    The Trust's investment manager believes that from time to time the
purchase of units of the Trust may be a worthwhile investment for the Trust
that should benefit continuing unitholders. The Trust's investment manager
believes that normal course issuer bid purchases of units for cancellation
may, by reducing the number of outstanding units, reduce the discount that may
exist between the market price of the units and the Trust's net asset value
per share.

    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 Trust, are
factors and assumptions which, although considered reasonable by the
investment manager of the Trust at the time of preparation, may prove to be
incorrect. Unitholders 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 Trust 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, Investor Relations,
800-992-6341, InvestorRelations@aberdeen-asset.com

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