Aberdeen Latin America Equity Fund, Inc. Announces Performance Data And Portfolio Composition

   Aberdeen Latin America Equity Fund, Inc. Announces Performance Data And
                            Portfolio Composition

PR Newswire

PHILADELPHIA, Feb. 8, 2013

PHILADELPHIA, Feb. 8, 2013 Aberdeen Latin America Equity Fund, Inc.(the
"Fund") (NYSE MKT: LAQ), a closed-end equity fund, announced today its
performance data and portfolio composition as of December 31, 2012.

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The Fund's total returns for various periods through December 31, 2012 are
provided below. (All figures are based on distributions reinvested at the
dividend reinvestment price and are stated net-of-fees):

Period          NAV Total Return %    Market Price Total Return %
                Cumulative Annualized Cumulative    Annualized
Since inception
                1,242.7    13.0       1,101.6       12.5
(October 1991)
10-years        814.8      24.8       884.2         25.7
5-years         26.9       4.9        28.6          5.2
3-years         30.3       9.2        29.3          8.9
1-year          26.2                  25.5

On December 31, 2012, the Fund's net assets amounted to US$299.6 million and
the Fund's NAV per share was $40.23.

As of December 31, 2012, the portfolio was invested as follows:

                       Percent of
Portfolio Composition
                       Net Assets
Financials             27.7
Consumer Staples       21.5
Energy                 15.4
Materials              11.6
Industrials            10.0
Consumer Discretionary 8.4
Information Technology 1.6
Utilities              1.5
Health Care            1.4
Cash                   1.0

The Fund's ten largest equity holdings as of December 31, 2012, representing
52.2% of net assets, were:

                                       Percent of
                                       Net Assets
Vale                                   9.8
Petroleo Brasileiro                    8.0
Banco Bradesco                         6.5
Grupo Financiero Banorte               4.7
Itau Unibanco Holdings                 4.6
Lojas Renner                           4.2
FEMSA                                  3.8
Multiplan Empreendimentos Imobiliarios 3.6
Tenaris                                3.5
Ultrapar Participacoes                 3.5

Important Information
Aberdeen Asset Management Inc. has prepared this report based on information
sources believed to be accurate and reliable. However, the figures are
unaudited and neither the Fund, Aberdeen Asset Managers Limited (effective
March 1, 2012, the Investment Adviser), nor any other person guarantees their
accuracy. Investors should seek their own professional advice and should
consider the investment objectives, risks, charges and expenses before acting
on this information. Aberdeen is a U.S. registered service mark of Aberdeen
Asset Management PLC.

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.

Total return figures with distributions reinvested at the dividend
reinvestment price are stated net-of-fees and represents past performance.
Past performance is not indicative of future results, current performance may
be higher or lower. Holdings are subject to change and are provided for
informational purposes only and should not be deemed as a recommendation to
buy or sell the securities shown. Inception date October 30, 1991.

If you wish to receive this information electronically, please contact:

SOURCE Aberdeen Latin America Equity Fund, Inc.

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