15.5.1 Model Code Exemption

Aberdeen Asian Smaller Co's Inv Tst
05 February 2008


05/02/08


ABERDEEN ASIAN SMALLER COMPANIES INVESTMENT TRUST PLC ("the Company")

Aberdeen Asian Smaller Companies Investment Trust PLC 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 period leading up to the
Preliminary Announcement of the Annual Results, has been notified to a Regulated
Information Service ("RIS") and that the Company is thereby exempted from the
provisions of the Model Code in relation to closed periods for any dealings by
persons discharging managerial responsibilities in the Company and any purchases
by the Company of its own securities.

In so stating the Company has regard to;
     
1)   the announcement on the 5 February 2008 of the Net Asset Value per share
     as of the close of business on the 4 February 2008,

2)   the Company's belief, following reasonable enquiries, that there will be no 
     material difference between the information published on the 5 February 
     2008 and that to be included in the forthcoming Preliminary Announcement of 
     the Annual Results,

3)   the Company's practice of calculating Net Asset Values per share each
     business day and the announcement of these Net Asset Values to an RIS,

4)   there being no other unpublished information which constitutes
     price-sensitive information in respect of the Company's securities and

5)   there being no unquoted investments within the Company's portfolio,


This announcement is issued pursuant to paragraph 15.5.1 of the FSA Listing
Rules as amended 28/09/2007.



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