The Chile Fund, Inc. Announces Performance Data and Portfolio Composition

• Press Release
• Source: The Chile Fund, Inc.
• On 3:03 pm EDT, Wednesday September 2, 2009

PHILADELPHIA, Sept. 2 /PRNewswire-FirstCall/ -- The Chile Fund, Inc. (the "Fund") (NYSE Amex: CH), a closed-end equity fund, announced today its performance data and portfolio composition as of July 31, 2009.

The Fund's total returns for various periods through July 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      1,566.5          15.2       1,374.0        14.5
    (September 1989)     -------          ----       -------        ----
    ---------------
    10-years               191.9          11.3         268.9        13.9
    --------               -----          ----         -----        ----
    5-years                133.5          18.5         154.6        20.5
    -------                -----          ----         -----        ----
    3-years                 58.0          16.5          50.2        14.5
    -------                 ----          ----          ----        ----
    1-year                         -4.1                        2.2
    ------                         ----                        ---

On July 31, 2009, the Fund's net assets amounted to US$171.0 million and the Fund's NAV per share was $16.82.

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

                                                             Percent of
    Portfolio Composition                                    Net Assets
    ---------------------                                    ----------
    Utilities                                                   35.7
    ---------                                                   ----
    Diversified                                                 17.0
    -----------                                                 ----
    Basic Materials                                             16.4
    ---------------                                             ----
    Consumer, Non-Cyclical                                       9.0
    ----------------------                                       ---
    Consumer, Cyclical                                           8.1
    ------------------                                           ---
    Financials                                                   7.8
    ----------                                                   ---
    Communications                                               4.3
    --------------                                               ---
    Other                                                        1.7
    -----                                                        ---

The Fund's ten largest equity holdings as of July 31, 2009, representing 79.3% of net assets, were:

                                                           Percent of
    Stock                                                  Net Assets
    -----                                                  ----------
    Empresa Nacional de Electricidad SA                       20.2
    -----------------------------------                       ----
    Empresas Copec SA                                         17.0
    -----------------                                         ----
    Empresas CMPC SA                                           7.6
    ----------------                                           ---
    Enersis SA                                                 7.5
    ----------                                                 ---
    Banco Santander Chile                                      5.5
    ---------------------                                      ---
    SACI Falabella                                             4.8
    --------------                                             ---
    Vina Concha y Toro SA                                      4.4
    ---------------------                                      ---
    Entel Empresa de Telecommunicaciones                       4.3
    ------------------------------------                       ---
    Colbun SA                                                  4.2
    ---------                                                  ---
    Security Plus Mutual Fund                                  3.8
    -------------------------                                  ---

Important Information

Aberdeen Asset Management Inc. has prepared this report based on information sources believed to be accurate and reliable. However, the figures are unaudited and neither the Fund, Aberdeen Asset Investment Services Limited (the Investment Manager and 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. Inception date September 27, 1989.

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

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