Aberdeen Chile Fund, Inc. Announces Performance Data and Portfolio Composition

PHILADELPHIA--(BUSINESS WIRE)--

Aberdeen Chile Fund, Inc. (the “Fund”) (NYSE AMEX: CH), a closed-end equity fund, announced today its performance data and portfolio composition as of June 30, 2011.

The Fund's total returns for various periods through June 30, 2011 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)		2,523.3		16.2		2,486.2		16.1
10-years		426.2		18.1		575.3		21.0
5-years		150.5		20.2		156.9		20.8
3-years		58.9		16.7		86.7		23.1
1-year		34.6				50.8

On June 30, 2011, the Fund's net assets amounted to US$169.8 million and the Fund's NAV per share was $20.58.

As of June 30, 2011, the portfolio was invested as follows:

Portfolio Composition		Percent of Net Assets
Materials		23.5
Industrials		19.5
Financials		18.9
Consumer Staples		12.7
Utilities		10.0
Consumer Discretionary		9.6
Information Technology		3.3
Cash		1.8
Communications		0.7

The Fund's ten largest equity holdings as of June 30, 2011, representing 81.3 % of net assets, were:

Stock		Percent of Net Assets
Empresas Copec SA		14.6
Empresas CMPC S.A.		12.7
Banco Santander Chile		10.6
S.A.C.I Falabella		9.9
Enersis S.A.		9.0
Sociedad Quimica y Minera de Chile SA (B Shares)		6.6
Lan Airlines S.A.		5.2
Sociedad Quimica y Minera de Chile SA (ADR)		4.6
Vina Concha y Torro S.A.		4.3
Cevecerias Unidas S.A.		3.8

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.

Investors should consider a fund's investment objectives, risks, charges and expenses carefully before investing. A copy of the prospectus for Aberdeen Chile Fund, Inc. that contains this and other information about the fund may be obtained by calling 866-839-5205. Please read the prospectus carefully before investing. Investing in funds involves risk, including possible loss of principal.

Closed-end funds have a one-time initial public offering and then are subsequently traded on the secondary market through one of the stock exchanges. The investment return and principal value will fluctuate so that an investor's shares may be worth more or less than the original cost. Shares of closed-end funds may trade above (a premium) or below (a discount) the net asset value (NAV) of the fund's portfolio. There is no assurance that a fund will achieve its investment objective. Past performance does not guarantee future results.

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