RNS Number:8416H
Aberdeen Asset Management PLC
21 February 2003

21 February 2003

          Aberdeen Asset Management PLC ("the Company" or "Aberdeen")

  Disposal of retail fund management rights to New Star Asset Management Group
                              Limited ("New Star")



Aberdeen Asset Management PLC is pleased to announce that the Company has today
completed the disposal of the retail fund management rights by its subsidiary,
Aberdeen Unit Trust Managers Limited, to New Star Asset Management Group
Limited. At completion, the value of retail assets transferring to New Star was
#1.74 billion at which level a cash consideration of #86.76 million is payable
to Aberdeen.

Enquiries:

Aberdeen Asset Management

Martin Gilbert

Tel: 020 7463 6000

Gavin Anderson & Company

Neil Bennett

Lindsey Harrison

Tel: 020 7554 1400

JPMorgan

Terry Eccles

Tel: 020 7742 4000


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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