Aberdeen Global V - Aberdeen Asset Management

Risk Factors continuedDuplication of CostsIt should be noted that each Fund incurs costs of its own feespaid to the Administrator, the Custodian and the InvestmentManager. In addition, each Fund incurs similar costs (otherthan investment management fees which are not duplicated)in its capacity as an investor in the Master Fund.In addition, as the Master Fund may invest in underlyingfunds, the Master Fund shall pay a proportion of the fees andexpenses of the underlying funds in which it invests such asthe fees and expenses payable to the investment managerand other service providers to such underlying funds.As a consequence, the costs of each Fund may representa higher percentage of the Net Asset Value than wouldtypically be the case with direct investment or in the case ofinvestment funds which invest directly.BEFORE DETERMINING TO INVEST IN A FUND,PROSPECTIVE INVESTORS SHOULD EVALUATE WHETHERTHEY ACCEPT THE AFORESAID RISKS WHICH THEYWILL ASSUME BY BUYING SHARES OF THE FUND. THEFOREGOING LIST OF RISK FACTORS DOES NOT PURPORTTO BE A COMPLETE EXPLANATION OF THE RISKSINVOLVED IN THIS OFFERING.PROSPECTIVE INVESTORS SHOULD READ THE ENTIREPROSPECTUS INCLUDING APPENDIXES I AND FULLYEVALUATE ALL OTHER INFORMATION THAT THEY DEEMTO BE NECESSARY BEFORE DETERMINING TO INVEST INA FUND.Additional risk factors (if any) in respect of each Fund are setout in the Appendix for the relevant Fund.18 Aberdeen Global V Prospectus