IF Aberdeen Indonesia Fund ( (delisted)

Aberdeen Indonesia Fund, Inc. (the “Fund”) (NYSE AMEX: IF), a closed-end equity fund, announced today its performance data and portfolio composition as of October 31, 2010.

The Fund’s total returns for various periods through October 31, 2010 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

(March 1990)

  42.6   1.7   35.0   1.5   10-years   893.0   25.8   669.9   22.6   5-years   231.0   27.0   210.3   25.4   3-years   29.4   9.0   21.3   6.6   1-year   68.2   75.8          

On October 31, 2010, the Fund’s net assets amounted to US$127.6 million and the Fund’s NAV per share was $15.43.

As of October 31, 2010, the portfolio was invested as follows:

          Portfolio Composition  

Percent of

Net Assets

  Consumer, Cyclical   25.9   Financials   21.9   Consumer, Non-Cyclical   20.1   Industrials   11.5   Communications   9.2   Basic Materials   4.8   Utilities   3.2   Energy   2.9   Cash   0.5    

The Fund's ten largest equity holdings as of October 31, 2010, representing 68.4% of net assets, were:

          Stock  

Percent of

Net Assets

  Bank OCBC Nisp Tbk PT   10.5   Astra International Tbk PT   9.9   Unilever Indonesia Tbk PT   8.1   Holcim Indonesia Tbk PT   7.0   Telekomunikasi Indonesia Tbk PT   6.5   Bank Permata Tbk PT   6.3   Ace Hardware Indonesia   5.7   Multi Bintang Indonesia Tbk PT   4.9   PT International Nickel Indonesia Tbk   4.8   Jardine Cycle and Carriage Limited   4.7    

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 Management Asia 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 March 9, 1990.

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