AEF abrdn Emerging Markets Equity Income Fund Inc

Aberdeen Chile Fund, Inc. (the “Fund”) (NYSE AMEX: CH), 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}(September 1989)

  2,443.6   16.6   2,220.7   16.1 10-years   414.0   17.8   610.7   21.7 5-years   135.0   18.6   127.1   17.8 3-years   37.1   11.1   43.2   12.7 1-year   48.4   56.1  

On October 31, 2010, the Fund’s net assets amounted to US$176.4 million and the Fund’s NAV per share was $23.14.

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

  Portfolio Composition  

Percent ofNet Assets

Utilities   22.0 Basic Materials   21.8 Consumer, Cyclical   18.5 Diversified   15.9 Financials   13.8 Consumer, Non-Cyclical   7.8 Cash   0.2  

The Fund's ten largest equity holdings as of October 31, 2010, representing 85.9 % of net assets, were:

  Stock  

Percent ofNet Assets

Empresas Copec SA   15.9 Empresas CMPC SA   13.3 Empresa Nacional de Electricidad SA   10.8 Banco Santander Chile SA   10.0 SACI Falabella   9.1 Enersis SA   8.8 Lan Airlines SA   6.1 Sociedad Quimica y Minera de Chile SA   5.0 Sociedad Quimica y Minera de Chile SA   3.5 Cia Cervecerias Unidas SA   3.4  

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 September 27, 1989.

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