Transaction in Own Shares

Aberdeen Asian Smaller Co's Inv Tst
15 January 2008


ABERDEEN ASIAN SMALLER COMPANIES INVESTMENT TRUST PLC (THE 'COMPANY')

The Company announces that on 15 January 2008 it purchased in the market 47,000
Warrants to subscribe for Ordinary shares, for cancellation at 211.5p per
Warrant.

Following this transaction, 4,691,903 Warrants remain in issue.





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