Aberdeen Announces New Investment Management Agreement With The Greater China Fund, Inc.

Aberdeen Announces New Investment Management Agreement With The Greater China
                                  Fund, Inc.

PR Newswire

PHILADELPHIA, Jan. 8, 2013

PHILADELPHIA, Jan. 8, 2013 /PRNewswire/ -- Aberdeen Asset Management Inc.
announced that Aberdeen Asset Management Asia Limited has assumed
responsibility for the management of The Greater China Fund, Inc. (NYSE:
"GCH") effective January 9, 2013 following the special meeting of stockholders
held on January 8, 2013. The Greater China Fund, Inc. is a closed-end
investment company listed on the New York Stock Exchange with current total
assets of approximately $325 million.

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

Expertise in Asia-Pacific Region
"We are delighted that the Fund's shareholders have approved Aberdeen's
appointment as Fund manager," says Gary Marshall, Head of Americas at
Aberdeen. "We look forward to bringing our knowledge and experience of
investing in China and the greater Asia-Pacific region to the Fund. Aberdeen
established its presence on the ground in Asia in 1992 when it set up its
Asian regional headquarters in Singapore and we've expanded our capabilities
throughout the region ever since: Aberdeen's first dedicated Chinese equity
fund was originally launched in 1992. Every year, Aberdeen investment managers
visit more than 1,000 Asian companies, including those in China."

Aberdeen Asset Management PLC ("Aberdeen") is the parent company of an asset
management group managing assets for both institutional and private clients
from offices around the world. Aberdeen Asset Management Asia Limited serves
as head office of Aberdeen's Asian operations with investment professionals in
offices in Bangkok, Hong Kong, Singapore, Sydney, Taiwan, Tokyo, and

Leader in Emerging Market Closed-End Funds
Aberdeen's subsidiaries (the "Aberdeen Group") have managed U.S. registered
closed-end funds since December of 2000. In addition to being one of the
largest pure standalone asset management houses investing in the Asia-Pacific
region, Aberdeen is the largest manager of emerging market closed-end funds
offered around the world by both value and number.[1]

Including The Greater China Fund, Inc., the Aberdeen Group now manages 12
NYSE/ NYSE MKT-listed closed-end funds, one Canadian investment company and
serves as investment sub-advisor to two other closed-end funds managed by
First Trust Advisors L.P.

Aberdeen's closed-end funds available to North American investors are:

1.Aberdeen Asia-Pacific Income Fund, Inc. (NYSE MKT: FAX)
2.Aberdeen Asia-Pacific Income Investment Company Limited (TSX: FAP)
3.Aberdeen Australia Equity Fund, Inc. (NYSE MKT: IAF)
4.Aberdeen Chile Fund, Inc. (NYSE MKT: CH )
5.Aberdeen Emerging Markets Telecommunications and Infrastructure Fund, Inc.
    (NYSE MKT: ETF )
6.Aberdeen Global Income Fund, Inc. (NYSE MKT: FCO)
7.Aberdeen Indonesia Fund, Inc. (NYSE MKT: IF )
8.Aberdeen Israel Fund, Inc. (NYSE MKT: ISL )
9.Aberdeen Latin America Equity Fund, Inc. (NYSE MKT: LAQ)
10.First Trust/ Aberdeen Global Opportunity Income Fund, Inc. (NYSE MKT: FAM)
11.First Trust/Aberdeen Emerging Opportunity Fund, Inc. (NYSE MKT: FEO)
12.The Asia Tigers Fund, Inc. (NYSE: GRR)
13.The Greater China Fund, Inc. (NYSE: GCH)
14.The India Fund, Inc. (NYSE: IFN)
15.The Singapore Fund, Inc. (NYSE: SGF)

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.

International investing entails special risk considerations, including
currency fluctuations, lower liquidity, economic and political risks, and
differences in accounting methods; these risks are generally heightened for
emerging market investments and single country funds.

In the United States, Aberdeen Asset Management (AAM) is that marketing name
for the following affiliated, registered investment advisers: Aberdeen Asset
Management Inc., Aberdeen Asset Managers Ltd., Aberdeen Asset Management Ltd.
and Aberdeen Asset Management Asia Ltd., each of which is wholly owned by
Aberdeen Asset Management PLC. "Aberdeen" is a U.S. registered service mark of
Aberdeen Asset Management PLC.

[1] Source: Fund Consultants LLC, March 2012. Based on analysis of emerging
market closed-end funds offered in multiple jurisdictions as of June 30, 2011;
data provided by Morningstar Inc. Closed-end funds are defined as investment
companies that are 1) listed on a recognized exchange; 2) possess fixed share
capital and; 3) were formed via subscriptions from the public via an open
offer or placement. Criteria for inclusion in the emerging markets category is
based on the World Bank's definition of emerging countries as measured by
lower and middle income per capita. Criteria for fund inclusion is 1) at least
75% of gross assets invested in emerging markets; 2) funds with under 25%
exposure to Asian developed markets.

SOURCE Aberdeen Asset Management Inc.

Website: http://www.aberdeen-asset.com
Contact: Investor Relations, +1-866-839-5205
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