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, May 28, 2014

PHILADELPHIA, May 28, 2014 /PRNewswire/ --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 April 30, 2014.

Aberdeen Asset Management Inc. At Aberdeen, asset management is our business.
We only manage assets for clients, allowing us to focus solely on their needs
and deliver independent, objective investment advice. We know global markets
from the local level upwards, drawing on more than 1,900 staff, across 32
offices in 23 countries. Investment teams are based in the markets or regions
where they invest, delivering local perspective in a global investment

The Fund's total returns for various periods through April 30, 2014 are
provided below. (All figures are based on distributions reinvested at the
dividend reinvestment price and are stated net-of-fees):

              Cumulative as of Annualized as of 04/30/14
              1      3     YTD 1     3     5     10    Since
              Month  Month     Year  Years Years Years Inception
NAV           2.7    14.8  1.7 -14.5 -3.4  14.5  18.6  11.6
Market Price  3.0    13.9  2.0 -14.4 -3.9  14.1  19.6  11.1
MSCI Emerging
Markets Latin 2.8    13.9  3.2 -11.0 -8.0  8.5   15.6  11.9

On April 30, 2014, the Fund's net assets amounted to US$236.4 million and the
Fund's NAV per share was $31.74.

As of April 30, 2014, the portfolio was invested as follows:

Portfolio Composition  Percent of
                       Net Assets
Financials             31.0
Consumer Staples       20.0
Energy                 14.4
Industrials            10.7
Materials              10.2
Consumer Discretionary 8.2
Information Technology 1.7
Health Care            1.4
Utilities              0.5
Cash                   2.0

The Fund's ten largest equity holdings as of April 30, 2014, representing
54.5% of net assets, were:

                          Percent of
                          Net Assets
Banco Bradesco            9.7
Vale                      8.2
Petrobras                 7.8
Itau Unibanco            6.5
Lojas Renner              4.1
Grupo Financiero Banorte  4.0
Multiplan Empreendimentos 3.7
FEMSA                     3.6
AMBEV                     3.6
Ultrapar Participacoes    3.3

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.

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:

Logo- http://photos.prnewswire.com/prnh/20121106/NE07292LOGO

SOURCE Aberdeen Latin America Equity Fund, Inc.

Website: http://www.aberdeenlaq.com
Contact: Aberdeen Asset Management Inc., Investor Relations, 866-839-5205,
Press spacebar to pause and continue. Press esc to stop.