Aberdeen Global Funds - Aberdeen Asset Management

Shareholders should note that the way that the sub-fund is managed, the base currency of the sub-fund and the riskfactors affecting the sub-fund will remain the same.22. Aberdeen Global - World Bond FundThe current investment objective of Aberdeen Global – World Bond Fund is "to invest in a range of high quality bonds inthose fixed interest markets of the world which, in the opinion of the Investment Manager, offer the optimum potentialfor a high income and also capital growth. The core of the Fund is invested in the traditional major markets of Europe,the Far East and North America. In addition to this, the Investment Manager also actively seeks out newer emerging bondmarkets where the higher yields available can often be at odds with improving economic and/or political trends. TheInvestment Manager also seeks to exploit anomalies between Government, supra-national and quality corporate issues.Derivatives (being the investment techniques and instruments referred to in Appendix A) are used when appropriate forthe purposes of efficient portfolio management with the aim of improving capital and income returns. The precise mix ofthe portfolio is under continuing review to anticipate and take advantage of changing worldwide market conditions. Thebase currency of the Fund is Sterling".Your Board of Directors propose to amend this objective.The new investment objective will be "long-term total return to be achieved by investing at least two-thirds of the Fund’sassets in Debt and Debt-Related Securities issued by corporations or multilateral development banks or governments orgovernment-related bodies.The Fund may also invest in other Transferable Securities issued by corporations or government-related bodies. Suchsecurities may include convertibles, up to an absolute maximum of 25% of the Fund, and also include floating ratesecurities, asset-backed securities, perpetual securities, preferred stocks and warrants.Any asset which is downgraded after purchase to Sub-Investment Grade will not be sold unless, in the opinion of theInvestment Adviser, it is in the best interests of Shareholders to do so.The Fund may utilise techniques and instruments for hedging and/or investment purposes, efficient portfoliomanagement and/or to manage foreign exchange risks, subject to the conditions and within the limits laid down by theLuxembourg laws and regulations. In general, these techniques and instruments include, but are not limited to, securitieslending and reverse repurchase transactions (as described in Appendix A) and forward foreign currency contracts.Without limiting the generality of the foregoing, the Investment Adviser may alter the currency exposure of the Fund,solely through the use of derivative contracts (without buying or selling underlying Transferable Securities or currencies).Performance may be strongly influenced by movements in currency rates because the Fund may have exposure to aparticular currency that is different to the value of the securities denominated in that currency held by the Fund.Furthermore, the Fund's portfolio may be fully or partially hedged back to the Base Currency if, in the opinion of theInvestment Adviser, this is believed to be appropriate.Regulations in the markets in which the Fund invests may require or limit hedging or other use of financial derivativeinstruments, either explicitly or as a result of the Investment Adviser managing resultant risk.The base currency of the Fund is Sterling".The changes are being made to ensure that the name and objective of the sub-fund reflects current Swiss guidelines onfund names and investment objectives and to provide consistency across all of the sub-funds. The Investment Adviserbelieve that the amended objective will enable the sub-fund to be promoted to and appeal to a wider client base.As you will note, the base currency of the sub-fund will remain as Sterling.The risk factors affecting the sub-fund, remain unchanged.23. Aberdeen Global - World Equity FundThe current investment objective of Aberdeen Global – World Equity Fund is "to provide long term total return from aninternationally diversified portfolio of which at least two-thirds will be invested in equities or equity-related securities.The base currency of the Fund is US Dollars".Your Board of Directors propose to amend this objective.The new investment objective will be "long-term total return to be achieved by investing at least two-thirds of the Fund’sassets in equities and equity-related securities. The base currency of the Fund is US Dollars".The changes are being made to ensure that the name and objective of the sub-fund reflects current Swiss guidelines onfund names and investment objectives and to provide consistency across all of the sub-funds. It is not intended that thenature of the sub-fund be materially altered as a result of these changes.