4 June 2007Aberdeen Announces New Investment Teams Post Deutsche AcquisitionAcquisition of certain Australian fund management businesses of Deutsche BankAberdeen Asset Management Limited (“Aberdeen”) is pleased to announce that it has completed theacquisition of certain Australian fund management businesses from Deutsche Australia Limited andthat the transfer of the businesses is effective at close of business 1 June 2007.Aberdeen has paid initial consideration of A$116 million, based on estimated assets undermanagement of A$11.5 billion transferring to Aberdeen’s management. These assets comprise A$8.5billion of segregated mandates and A$3 billion in managed investment schemes. The considerationremains subject to certain adjustments to be reflected once the value of assets under management hasbeen confirmed.Investment TeamsOn the fixed income side of the business, and as previously announced, Deutsche’s seven strong fixedincome team, led by Bill Bovingdon, will be joining Aberdeen’s existing team of three. Bill willassume the role of Head of Australian Fixed Income at Aberdeen, reporting to Steve Ilott, GlobalHead of Fixed Income.Bill Bovingdon, Head of Australian Fixed Income at Aberdeen, said:“This move reunites the team with fixed income colleagues in London, Philadelphia and our officesin Asia. Aberdeen’s fixed income platform will allow us to leverage our global expertise and identifyinnovative ways to add alpha for existing and potential clients and is complementary to our localfixed income products. Importantly our investment philosophy and process will be unchanged as it isalready aligned with that employed by Aberdeen’s fixed income teams around the world.”Under the new structure, Deutsche’s highly regarded three strong Australian small caps team, headedby Sinclair Currie, will join Aberdeen’s Australian equities team, reporting to Mark Daniels,Aberdeen’s Head of Australian Equities.Neil Hegarty, Head of Business Development, Australia, will oversee Aberdeen’s expanded businessdevelopment, client relationship and distribution activities, leading a team of 16 people.Aberdeen Asset Management LimitedGPO Box 4306, Sydney NSW 2001 AustraliaTelephone: +61 2 9950 2888 Fax: +61 2 9950 2800Aberdeen Asset Management Limited ABN 59 002 123 364 AFSL No. 240263 a member of the Aberdeen Asset Management Group of Companies.
Charlie Macrae, Chief Executive Officer of Aberdeen Asset Management Limited, comments:“Strategically this acquisition completes our global fixed income platform following the purchase ofDeutsche’s London and Philadelphia teams 18 months ago. Australia is a key market for Aberdeenglobally and we are delighted to be able to offer Australian clients an expanded fixed income andequity capability in addition to our overseas property solutions.”EnquiriesAberdeen 02 9950 2809Charlie MacraeBlueChip CommunicationCarden Calder 0403 333 904Lauren Stewart 0420 313 613NOTES TO EDITORSAbout Aberdeen Asset Management LimitedAberdeen commenced operations in Australia following the acquisition of a local funds managementcompany in December 2000. The Sydney office manages the Group's Australian and New Zealandassets for a range of global and domestic clients including listed investment companies, managedinvestment schemes and segregated mandates. In addition the office provides both local institutionaland wholesale clients access to the Group's wider investment capabilities including equity, fixedincome and property.In May 2007, Aberdeen was named Emerging Markets Fund Manager of the Year at the MoneyManagement/IMCA Awards.Aberdeen Asset Management PLCAberdeen Asset Management PLC (of which Aberdeen is a subsidiary) is an international investmentmanagement group listed on the London Stock Exchange. Aberdeen manages assets principally onbehalf of leading national and corporate pension funds, central banks and other financial institutionsfrom its offices located around the world. The Group’s areas of activity are chiefly equities, fixedincome and property. Total group assets under management and advice were A$195.2 billion as at 31March 2007.In February 2007, Aberdeen Asset Management was named Fixed Income Manager of the Year at theGlobal Pensions Awards.Aberdeen Asset Management LimitedGPO Box 4306, Sydney NSW 2001 AustraliaTelephone: +61 2 9950 2888 Fax: +61 2 9950 2800Aberdeen Asset Management Limited ABN 59 002 123 364 AFSL No. 240263 a member of the Aberdeen Asset Management Group of Companies.
BiographiesMark Daniels, Head of Australian EquitiesMark is head of Australian equities, having transferred from London in 2005. He has spent over 20years with Aberdeen, much of that as a UK equity manager. Mark was a fund manager with RichardsLongstaff, a business that Aberdeen acquired in 1990. Mark graduated with a BA in Economics fromUniversity College, Cardiff in the UK.Bill Bovingdon, Head of Australian Fixed IncomeBill is Head of Australian Fixed Income at Aberdeen. He was previously Deputy Chief InvestmentOfficer and Head of fixed income for Deutsche Australia. He joined Deutsche Asset Management(Australia) Limited in 1999 after 15 years of experience as head of domestic fixed income forSchroders Investment Management and head of fixed income portfolio management and earlier, asfixed income specialist, at Treasury Corporation of Victoria.Sinclair Currie, Investment ManagerSinclair has a Bachelor of Economics from the University of New South Wales and is a CFAcharterholder. He has twelve years experience in equities markets, initially working as a sell sideanalyst at Hartley Poynton and HSBC Securities. Sinclair has specialised in Australian small capcompanies, spending over six years at Deutsche Asset Management (Australia), where was a portfoliomanager and, latterly, Head of Australian Small Companies.Aberdeen Asset Management LimitedGPO Box 4306, Sydney NSW 2001 AustraliaTelephone: +61 2 9950 2888 Fax: +61 2 9950 2800Aberdeen Asset Management Limited ABN 59 002 123 364 AFSL No. 240263 a member of the Aberdeen Asset Management Group of Companies.