Prohibited Period Announcement

"Aberdeen Private Equity Fund Limited (the "Company")

The Company announces that it is satisfied, by virtue of the points listed below, that all inside information which the Directors and the Company may have in the closed period (as defined by the EU Market Abuse Regulation) which ends on the date of the announcement of the Half Yearly Report for the period ended 30 September 2016 has been notified to a Regulated Information Service ("RIS"). The Company is therefore not prohibited from purchasing its own securities during this period.

In so stating the Company has regard to;

1. The announcement on 25 October 2016 of the unaudited Net Asset Value per share as at close of business on 30 September 2016;

2. The Company's practice of calculating the Net Asset Value per share on a monthly basis and the announcement of these Net Asset Values to a RIS; and

3. There being no other unpublished information which constitutes price sensitive information in respect of the Company's securities."