Transaction in Own Shares

ABERDEEN ASIAN INCOME FUND LIMITED (the "Company")

PURCHASE OF OWN ORDINARY SHARES

Legal Entity Identifier (LEI): 549300U76MLZF5F8MN87

On 21 December 2018, the Company purchased in the market 24,519 Ordinary shares at a price of 190.9781 pence per share. These shares will be held in treasury.

Following the transaction, the Company's share capital comprises:

178,671,662 Issued Ordinary shares (excluding treasury shares)

16,261,727 Ordinary shares held in treasury

194,933,389 Issued Ordinary shares (including treasury shares)

The total number of Ordinary shares with voting rights in the Company is 178,671,662 and this figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Disclosure Guidance and Transparency Rules.