Change to Exchange Price

Aberdeen Asset Management PLC ("the Company") and Aberdeen Warrants (Jersey) Limited announce that, following the approval of the final dividend at the Company's Annual General Meeting, the Exchange Price of the Warrants, forming part of the Company's Convertible Preference Share Units, will reduce from 97.00 pence per Ordinary Share to 94.00 pence per Ordinary Share effective immediately.

Capitalised terms used in this announcement bear the same meanings as those ascribed to them in the terms and conditions of the Warrants set out in the prospectus issued by the Company and Aberdeen Warrants (Jersey) Limited on 3 June 2005.