RNS Number:5915J
Aberdeen Asset Management PLC
03 April 2003



3 April 2003


           Response to statement by Real Estate Opportunities Limited



Aberdeen Asset Management PLC ("Aberdeen") notes the announcement by Real Estate
Opportunities Limited ("REO").  REO has no grounds to terminate Aberdeen's
Management and Secretarial Agreement ("the Agreement").  Whilst sympathetic
towards all investors who have suffered from price falls in the asset classes
held in REO's Income Portfolio, Aberdeen has at all times properly performed all
its obligations under the Agreement.  Aberdeen totally refutes REO's claim in
respect of management of the REO Income Portfolio, and is disappointed that
discussions with REO failed to resolve these differences.  Aberdeen will
vigorously defend its position and continue to press for payment of the fees
that are due under the Agreement together with damages for wrongful termination
of the Agreement.



Enquiries:


Neil Bennett / Lindsey Harrison                                             020 7554 1400
Gavin Anderson & Company








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