/C O R R E C T I O N -- Aberdeen Australia Equity Fund, Inc./ In the news release, Aberdeen Australia Equity Fund, Inc. Announces Performance Data and Portfolio Composition, issued earlier today by Aberdeen Asset Management Inc. over PR Newswire, we are advised by the company that in the first table, under the heading "NAV Total Return %" the subheading "Awaiting returns Await" should be deleted. Complete corrected table follows: Period NAV Total Return% Market Price Total Return% Cumulative Annualized Cumulative Annualized Since inception (December 1985) 257.0 7.0 217.9 6.4 10-years 81.6 6.2 75.3 5.8 5-years 58.6 9.7 65.8 10.7 3-years 73.0 20.0 72.7 20.0 1-year 25.1 23.6 PRNewswire -- Oct. 4 DATASOURCE: Aberdeen Australia Equity Fund, Inc. Web site: http://www.aberdeen-asset.com/

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