RNS Number:7587H
Aberdeen Asset Management PLC
20 February 2003

20 February 2003

                         Aberdeen Asset Management PLC


Proposed disposal of retail fund management rights to New Star Asset Management
                                 Group Limited




The Board of Aberdeen Asset Management PLC is pleased to announce that at the
Extraordinary General Meeting held today, the resolution relating to the
disposal of the retail fund management rights by the Company's subsidiary,
Aberdeen Unit Trust Managers Limited, to New Star Asset Management Group
Limited, was approved by shareholders.

Enquiries:

Aberdeen Asset Management

Martin Gilbert

Tel: 020 7463 6000

Gavin Anderson & Company

Neil Bennett

Lindsey Harrison

Tel: 020 7554 1400


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