PHILADELPHIA, March 6, 2012 /PRNewswire/ -- [ Aberdeen Latin America Equity Fund, Inc. (the "Fund") ] (NYSE AMEX: [ LAQ ]), a closed-end equity fund, announced today its performance data and portfolio composition as of January 31, 2012.

The Fund's total returns for various periods through January 31, 2012 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 (October 1991)	1,098.2	13.0	981.6	12.5
10-years	528.9	20.2	583.7	21.2
5-years	68.1	10.9	63.1	10.3
3-years	141.5	34.2	142.1	34.3
1-year	-0.5		-2.0

On January 31, 2012, the Fund's net assets amounted to US$278.9 million and the Fund's NAV per share was $37.44.

As of January 31, 2012, the portfolio was invested as follows:

Portfolio Composition	Percent of Net Assets
Financials	23.2
Consumer, Non-Cyclical	16.2
Basic Materials	15.6
Industrials	14.6
Consumer, Cyclical	11.1
Energy	9.3
Communications	6.1
Technology	1.5
Utilities	1.4
Diversified	0.5
Cash	0.4
Other	0.1

The Fund's ten largest equity holdings as of January 31, 2012, representing 52.9% of net assets, were:

Stock	Percent of Net Assets
Petroleo Brasileiro S.A.	9.3
Vale S.A.	9.1
America Movil S.A.B. de C.V.	5.3
Banco Bradesco S.A.	5.2
Multiplan Empreendimentos Imobiliarios S.A.	4.3
Fomento Economico Mexicano, S.A.B. de C.V.	4.2
Lojas Renner S.A.	4.2
Grupo Financiero Banorte, S.A.B. de C.V.	3.8
Ultrapar Participacoes S.A.	3.8
Tenaris S.A.	3.7

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 Managers Limited (effective March 1, 2012, 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.

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 October 30, 1991.

If you wish to receive this information electronically, please contact: [ InvestorRelations@aberdeen-asset.com ]

SOURCE Aberdeen Latin America Equity Fund, Inc.

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Aberdeen Latin America Equity Fund, Inc. Announces Performance Data and Portfolio Composition

Aberdeen Latin America Equity Fund, Inc. Announces Performance Data and Portfolio Composition