RNS Number:2754O
Aberdeen Asset Management PLC
04 August 2003

                   ABERDEEN ASSET MANAGEMENT PLC ("ABERDEEN")

                        TERMINATION OF SALE DISCUSSIONS



Aberdeen announces that the discussions with The British Land Company PLC
regarding a possible sale of all or part of Aberdeen Property Investors ("API"),
Aberdeen's property investment management division, have been terminated.



Following an exhaustive process in which Aberdeen looked at a number of options
for API, Aberdeen now intends to retain the business as part of its wider fund
management operations. With funds under management of #6 billion, API is one of
Europe's leading property fund managers and has the potential to grow
substantially over the medium term.



Regarding these developments, Martin Gilbert, Aberdeen's chief executive,
commented: "We are disappointed that the discussions with British Land have
terminated but API is an excellent business and both we and the API management
team believe that more value can be provided to Aberdeen shareholders by
retaining the business rather than selling it at a depressed valuation.  We have
every confidence that the management team will continue to provide clients with
a high level of service, thereby providing the platform for further development
of the business."


Enquiries:


Neil Bennett      Gavin Anderson & Company     T: 020 7554 1400


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