Aberdeen Latin America Equity Fund, Inc. Announces Dividend

         Aberdeen Latin America Equity Fund, Inc. Announces Dividend

PR Newswire

PHILADELPHIA, Dec. 21, 2012

PHILADELPHIA, Dec. 21, 2012 /PRNewswire/ --Aberdeen Latin America Equity
Fund, Inc. (NYSE MKT: LAQ) (the "Fund"), a closed-end equity fund, announced
today that it will pay a dividend of US$1.587550 per share on January 11, 2013
to all shareholders of record as of December 31, 2012. This distribution is
comprised of $0.38277 per share of net investment income, $0.00458 per share
of net realized short-term capital gains and $1.2002 per share of net realized
long-terms capital gains.

(Logo: http://photos.prnewswire.com/prnh/20121106/NE07292LOGO )

In January 2013, a Form 1099-DIV will be sent to shareholders, which will
state the amount and composition of distributions and provide information with
respect to their appropriate tax treatment for the 2012 calendar year.

The Fund is managed and advised by Aberdeen Asset Managers Limited. The Fund's
shares trade on the NYSE MKT under the symbol "LAQ".

You should not draw any conclusions about the Fund's investment performance
from the amount of this distribution or from the terms of the Fund's Plan.

Closed-end funds are traded on the secondary market through one of the stock
exchanges. The Fund's 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
the Fund will achieve its investment objective. Past performance does not
guarantee future results.

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

www.aberdeenlaq.com

SOURCE Aberdeen Latin America Equity Fund, Inc.

Website: http://www.aberdeenlaq.com
Contact: Aberdeen Asset Management Inc., Investor Relations, +1-866-839-5205,
InvestorRelations@aberdeen-asset.com