ISL Aberdeen Israel Fund (The) (delisted)

Aberdeen Israel Fund, Inc. (the “Fund”) (NYSE AMEX: ISL), a closed-end equity fund, announced today its performance data and portfolio composition as of April 30, 2011.

The Fund’s total returns for various periods through April 30, 2011 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

(October 1992)

  349.7   8.5   292.7   7.7 10-years   153.4   9.7   178.7   10.8 5-years   65.5   10.6   69.5   11.1 3-years   25.3   7.8   12.6   4.0 1-year   21.3   17.0    

On April 30, 2011, the Fund’s net assets amounted to US$87.0 million and the Fund’s NAV per share was $20.36.

As of April 30, 2011, the portfolio was invested as follows:

      Portfolio Composition  

Percent ofNet Assets

Financials   25.5 Consumer, Non-Cyclical   16.9 Basic Materials   15.9 Technology   13.2 Communications   10.8 Healthcare   7.6 Other   3.3 Consumer, Cyclical   3.2 Industrials   3.0 Cash   0.6  

The Fund's ten largest equity holdings as of April 30, 2011, representing 75.1% of net assets, were:

      Stock  

Percent ofNet Assets

Check Point Software Technologies Ltd.   12.3 Israel Chemicals Limited   10.7 Perrigo Company   9.6 Bezeq Israeli Telecommunication Corporation Ltd.   9.4 United Mizrahi Bank Ltd.   9.2 Teva Pharmaceutical Industries Ltd.   7.6 Bank Leumi Le-Israel   4.9 The Israel Corporation Ltd.   3.9 Frutarom Industries Ltd.   3.8 Super Sol   3.7  

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 Investment Services 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 October 29, 1992.

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