Aberdeen Asia-Pacific Income Fund, Inc. Announces Performance Data and Portfolio Composition

• Press Release
• Source: Aberdeen Asia-Pacific Income Fund, Inc.
• On 9:53 am EDT, Friday October 2, 2009

PHILADELPHIA, Oct. 2 /PRNewswire-FirstCall/ -- Aberdeen Asia-Pacific Income Fund, Inc. (the "Fund") (NYSE AMEX: FAX), a closed-end bond fund, announced today its performance data and portfolio composition as of August 31, 2009.

The Fund's total returns for various periods through August 31, 2009 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       645.3           9.0        605.5               8.7
    (April 1986)          -----           ---        -----               ---
    -----------
    10-years              138.1           9.1        118.4               8.1
    --------              -----           ---        -----               ---
    5-years                46.2           7.9         40.0               7.0
    -------                ----           ---         ----               ---
    3-years                21.9           6.8         20.8               6.5
    -------                ----           ---         ----               ---
    1-year                         5.9                          11.5
    ------                         ---                          ----

The Fund's returns, which are denominated in U.S. dollars, are affected by the performance of the U.S. dollar against the various currencies listed below.

As of August 31, 2009, the portfolio was invested as follows:

                      Currency Exposure % Geographic Exposure %
                      ------------------  --------------------
    Australia                    44.4                  48.9
    ---------                    ----                  ----
    New Zealand                   0.5                   0.5
    -----------                   ---                   ---

    United States*               38.8                   1.4
    -------------                ----                   ---

    South Korea                   3.9                  13.5
    -----------                   ---                  ----
    Philippines                   1.5                   7.9
    -----------                   ---                   ---
    Malaysia                      2.2                   5.7
    --------                      ---                   ---
    Singapore                     2.8                   3.6
    ---------                     ---                   ---
    Thailand                      1.5                   2.1
    --------                      ---                   ---
    Hong Kong                     0.1                   6.2
    ---------                     ---                   ---
    Indonesia                     1.4                   6.2
    ---------                     ---                   ---
    China                         2.0                   0.8
    -----                         ---                   ---
    India                         0.8                   3.2
    -----                         ---                   ---
    Taiwan                        0.1                     -
    ------                        ---                   ---

* Of which 34.3% is invested in US$ denominated bonds issued by foreign issuers.

As of August 31, 2009, the top ten holdings of the portfolio based on total net assets were as follows:

    Holding                                   Coupon / Maturity   (%)
    -------                                  -------------------  --
    Western Australia Treasury Corporation     8.00%, 06/15/2013  5.1
    --------------------------------------   -------------------  ---
    Western Australia Treasury Corporation     8.00%, 07/15/2017  3.7
    --------------------------------------   -------------------  ---
    Queensland Treasury Corporation            6.00%, 10/14/2015  1.7
    -------------------------------          -------------------  ---
    European Investment Bank                   6.50%, 08/07/2019  1.4
    ------------------------                 -------------------  ---
    Commonwealth Bank of Australia             8.50%, 06/24/2011  1.2
    ------------------------------           -------------------  ---
    International Finance Corporation          7.50%, 02/28/2013  1.2
    ---------------------------------        -------------------  ---
    Kreditanstalt fuer Wiederaufbau            7.50%, 08/26/2011  1.2
    -------------------------------          -------------------  ---
    Queensland Treasury Corporation            6.50%, 04/16/2012  1.1
    -------------------------------          -------------------  ---
    Treasury Corporation of Victoria           6.25%, 10/15/2012  1.1
    --------------------------------         -------------------  ---
    Western Australia Treasury Corporation     7.00%, 04/15/2015  1.0
    --------------------------------------   -------------------  ---
    TOTAL                                                        18.7
    -----                                                        ----

As of August 31, 2009 the holdings of the portfolio represented approximately 39.3% sovereign and state government securities, 0.7% supranationals, 55.6% corporates, 1.4% cash and 3.0% asset backed securities.

As of August 31, 2009, the Fund's net assets, including $550 million in bank borrowing, amounted to US$2,162 million with a net asset value per share of US$6.18.

As of August 31, 2009, 71.1% 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
       -------     -----      -     -------     ------     -
         26.0       13.7    31.4      10.8       17.0     1.1
         ----       ----    ----      ----       ----     ---

As of August 31, 2009, the average credit quality of the portfolio was A+.

                          Maturity (%)
                          -----------
      <3 Years     3-5 Years     5-10 Years      >10 Years
      --------     ---------     ----------     ---------
         30.3         25.3          33.7           10.7
         ----         ----          ----           ----

As of August 31, 2009, the average maturity of the portfolio was 7.2 years.

A revolving credit loan facility, in the amount of $600,000,000, was entered into on April 18, 2008 with the Bank of Nova Scotia, in order to fund the redemption of the Fund's Auction Market Preferred Stock ("AMPS") that took place in April 2008. The outstanding balance on the loan as of August 31, 2009 is $550,000,000 which represents no change from the previous month.

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 emerging market fixed income securities in which the Fund invests. The Fund has entered into interest rate swap agreements in order to fix the interest payable on an aggregate notional amount of $412.5 million, which represents 75% of the bank loan facility. Details regarding the revolving credit loan facility and the interest rate swap agreements are contained in the Fund'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 Adviser), 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. Aberdeen is a U.S. registered service mark of Aberdeen Asset Management PLC.

Total return figures with distributions reinvested at the dividend reinvestment price are stated net-of-fees and represents past performance. Past performance is not indicative of future results, current performance may be higher or lower. Holdings are subject to change and are provided for informational purposes only and should not be deemed as a recommendation to buy or sell the securities shown. Inception date April 25, 1986.

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

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