Transaction in Own Shares

Aberdeen Asian Smaller Co's Inv Tst
22 November 2007

ABERDEEN ASIAN SMALLER COMPANIES INVESTMENT TRUST PLC - SHARE BUY-BACK

On 22 November 2007, Aberdeen Asian Smaller Companies Investment Trust PLC
purchased in the market, 18,700 of its own 25p ordinary shares at 281.6 pence
per share. These shares will be held in treasury. Following the transaction, the
Company's issued ordinary share capital is 32,333,397 (excluding treasury
shares) and 32,579,597 (including treasury shares) ordinary shares of 25p each.
The number of ordinary shares of 25p held in treasury is 246,200.






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