Holding(s) in Company

Aberdeen Asian Income Fund Limited
16 July 2007

                                                                      APPENDIX 3



TR-1i: NOTIFICATION OF MAJOR INTERESTS IN SHARES



(1).      Identity of the issuer or the underlying issuer of existing shares to
which voting rights are attached (ii):

            Aberdeen Asian Income Fund Limited



2.         Reason for the notification (please state Yes/No):



An acquisition or disposal of voting rights: Yes



An acquisition or disposal of financial instruments which may result in the
acquisition of shares already issued to which voting rights are attached: No



An event changing the breakdown of voting rights: No



Other: No



3.         Full name of person(s) subject to the notification obligation (iii):

            HBOS plc



4.         Full name of shareholder(s) (if different from 3.) (iv):

            n/a



5.         Date of the transaction and date on which the threshold is crossed or
  reached (v):

            11 July 2007



6.         Date on which issuer notified:

            12 July 2007



7.         Threshold(s) that is/are crossed or reached:

            Decrease to below 5%



8.         Notified details:

            n/a



A: Voting rights attached to shares


                             Situation previous to the Triggering Transaction
Class/type of shares if possible           Number of shares             Number of voting Rights (viii)
using the ISIN CODE
Ord NPV Shares
                                              11,098,959                          11,098,959
ISIN GB00B0P6J834




Resulting situation after the triggering transaction (vii)


Class/type of shares if          Number of shares       Number of voting rights (ix)       % of voting rights
possible using the ISIN CODE
Ord NPV Shares                         n/a             Direct (x)     Indirect (xi)       Direct      Indirect
                                                          n/a              n/a              n/a         n/a
ISIN GB00B0P6J834




B: Financial Instruments

Resulting situation after the triggering transaction (xii)


Type of         Expiration Date       Exercise/Conversion       Number of voting rights     % of voting rights
financial       (xiii)                Period/ Date (xiv)        that may be acquired if the
instrument                                                      instrument is exercised/
                                                                converted.
n/a             n/a                   n/a                       n/a                         n/a





Total (A+B)
   Number of voting rights          % of voting rights

             n/a                            n/a





9.      Chain of controlled undertakings through which the voting rights and/or
the financial instruments are effectively held, if applicable (xv):

n/a



Proxy Voting:



10.    Name of the proxy holder:

            n/a



11.       Number of voting rights proxy holder will cease to hold:

            n/a.



12. Date on which proxy holder will cease to hold voting rights:

            n/a.



13.       Additional information:

            Notification using the total voting rights figure of 110,000,000.



14.       Contact name:

            Charles Mearns, Aberdeen Asset Managers Ltd



15.       Contact telephone number:

            0131 313 6442




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