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 December 31, 2010.

The Fund’s total returns for various periods through December 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)

  2,581.0   16.7   2,480.7   16.5 10-years   450.5   18.6   666.5   22.6 5-years   159.2   21.0   113.8   16.4 3-years   59.2   16.7   39.7   11.8 1-year   38.7   49.5  

On December 31, 2010, the Fund’s net assets amounted to US$168.2 million and the Fund’s NAV per share was $22.05.

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

  Portfolio Composition   Percent of Net Assets Basic Materials   21.6 Consumer, Cyclical   18.7 Financials   16.1 Diversified   14.7 Utilities   11.4 Consumer, Non-Cyclical   10.8 Cash   4.3 Technology   2.4  

The Fund's ten largest equity holdings as of December 31, 2010, representing 77.4 % of net assets, were:

  Stock   Percent of

Net Assets

Empresas Copec SA   14.7 Empresas CMPC S.A.   12.6 Banco Santander Chile   9.7 S.A.C.I. Falabella   9.7 Enersis S.A.   8.5 Lan Airlines S.A.   5.9 Sociedad Quimica y Minera de Chile SA (B Shares)   5.3 Sociedad Quimica y Minera de Chile SA (ADR)   3.8 Cia Cervecerias Unidas S.A.   3.7 Parque Arauco S.A.   3.5  

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