Transaction in Own Shares

Aberdeen Asian Smaller Co's Inv Tst
21 January 2008


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

On 17 January 2008, Aberdeen Asian Smaller Companies Investment Trust PLC
purchased in the market, 85,000 of its own 25p ordinary shares at 298 pence per
share. These shares will be held in treasury. Following the transaction, the
Company's issued ordinary share capital is 32,028,084 (excluding treasury
shares) and 32,651,597 (including treasury shares) ordinary shares of 25p each.
The number of ordinary shares of 25p held in treasury is 623,060.



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