Final Results

Aberdeen New Dawn Invest Trust PLC
11 July 2007


ABERDEEN NEW DAWN INVESTMENT TRUST PLC
PRELIMINARY ANNOUNCEMENT OF ANNUAL AUDITED RESULTS
for the year ended 30 April 2007


Background and Results

In the year to 30 April 2007, the Company's net assets produced a total return
of 10.2%, underperforming the MSCI AC Asia Pacific (ex Japan) Index's currency
adjusted total return of 13.2%, with the prices of several of our long held
investments understandably pausing for breath, following the strong performance
of previous years. The share price total return was only 0.8% for the year due
to the shares trading at a discount to net asset value of 6.3% against a premium
of 2.5% last year.

It is pleasing to see that revenue generation from the portfolio continues to
increase as companies have become more profitable, whilst at the same time
staying committed to cost-cutting and restructuring.  As a result we are
proposing to increase the dividend this year by 11%.

While Asian markets posted a fourth successive year of gains, the rise was
accompanied by a significant increase in volatility. The Shanghai market
increased by 103% (in Renminbi terms) before the sell off in February.  The
consolidation lasted about three weeks before the market regained the old highs
and is currently more than 46% up on the calendar year to date.  Positive
returns came from the Philippines (+47%), Malaysia (+39%) and Singapore (+30%)
with the weakest markets being Taiwan (-6%), Thailand (-5%) and Korea (-0.2%).

Asia's economies retained their vigour throughout. In particular, China's very
strong pace of GDP growth of 11%, while worrying on the one hand, has equally
been a key driver for the region. The mainland's insatiable appetite for
commodities is slowly widening to encompass a growing demand for goods and
services, underpinning intra-regional trade. The same is true for the region as
a whole, where economic growth has become more broadly based. This resonating
theme of rising domestic consumption is adding another much-needed dimension to
the mostly export-dependent economies in Asia. This aspect of growth has been a
key area of focus of your Manager for the past several years.

Over the review period, asset allocation was positive as many regional markets
set fresh record highs against the backdrop of healthy economic growth, rising
corporate earnings, and a growing trend in mergers and acquisitions.
Specifically, the portfolio's overweight to Singapore and the Philippines, and
an underweight to Taiwan were the top contributors to relative performance. In
contrast, our underweight to Australia and China, and an overweight to Thailand
cost the fund the most.

Dividend

Your Board recommends the payment of a final dividend of 5.55p per Ordinary
share which, if approved by shareholders at the AGM, will be paid on 31 August
2007 to Ordinary shareholders on the register on 3 August 2007.  This represents
an increase of 11.0% on the level paid last year and corresponds to the
continuing strong revenue streams from the portfolio.  Since inception in 1989,
the dividend per annum has increased from a starting base of 0.5p to the present
level of 5.55p which is a rise of over 1000%.

Gearing

The Company has continued to retain a modest level of gearing on the portfolio.
At the year end £6.8 million was drawn down under the Company's revolving credit
facility with AIB, representing approximately 4.9% of the Company's net assets.

Outlook

Although Asia appears healthy on most fronts, some wariness is merited at this
stage of the cycle. Valuations have run up in several markets, while hot money
flows continue to drive up share prices and point to speculative excess in
markets such as China. Asset bubbles aside, though, vigilance towards external
risks is also required, particularly the potential of a slowdown in the US
economy, which may be exacerbated should the housing market show rapid signs of
deterioration. Any of these factors could trigger a sudden reversal of global
imbalances, as was seen in May last year, and more recently in February.

At the corporate level, earnings results have generally exceeded expectations,
as balance sheets have become healthier on the back of corporate reforms.
Importantly, cashflow generation continues to increase. Encouragingly, progress
has also been made in raising corporate governance standards, while surpluses
are increasingly being paid out to shareholders in the form of higher dividends
and share buybacks.

Therefore, we expect equity markets in Asia to continue to be well supported in
2007, albeit subject to the above caveats, and will continue to maintain our
strategy of investing in professionally run companies that have healthy balance
sheets and are attractively valued.

AGM Business

As mentioned in the Interim Report, David Shearer was appointed to the Board on
1 January 2007 and is now Chairman of the Audit Committee. David is a chartered
accountant and brings a wealth of experience to the Board being a director of a
number of other companies and having previously been a UK executive board member
of Deloitte & Touche LLP as well as a former non executive director of HBOS plc.
Included within the ordinary business in the Notice of AGM is a resolution to
elect David to the Board and I strongly recommend that you support this
proposal.

As special business at the AGM we are proposing to renew the authority to allot
up to 10% of the Company's issued share capital without pre-emption rights
applying and the renewal of the Company's authority to buy in shares and either
hold them in treasury for future resale (at asset value or above) or cancel
them.  The Directors are also proposing to amend the Articles of Association to
take account of recent changes as a result of the implementation of the
Companies Act 2006.  These changes will enable the Company to make greater use
of electronic mail and websites when communicating Company information,
including distributing annual reports and accounts and sending out notices of
meeting. Your Board is keen to encourage the use of electronic communications
but the Company currently only intends to use electronic means where
shareholders have positively elected to receive communications in such manner.

The Annual General Meeting of the Company will be held on Wednesday 29 August
2007 at 12.30 p.m. in London and your Board looks forward to meeting as many
shareholders as possible at the AGM and over lunch afterwards.


Alan Henderson

Chairman
10 July 2007


Income Statement


                                           Year ended 30 April 2007              Year ended 30 April 2006
                                         Revenue       Capital       Total     Revenue       Capital       Total
                                           £'000         £'000       £'000       £'000         £'000       £'000

Gains on investments                          -         10,527      10,527          -         42,363      42,363
Income                                     4,027            -        4,027       3,345            -        3,345
Investment management fee                  (536)         (536)     (1,072)       (452)         (452)       (904)
Administrative expenses                    (552)            15       (537)       (499)          (30)       (529)
Exchange (losses)/gains                     (41)           733         692          14         (450)       (436)
                                        ________      ________    ________    ________      ________    ________
Net return before finance costs and        2,898        10,739      13,637       2,408        41,431      43,839
taxation

Interest payable and similar charges       (189)         (189)       (378)       (167)         (167)       (334)
                                        ________      ________    ________    ________      ________    ________
Return on ordinary activities before       2,709        10,550      13,259       2,241        41,264      43,505
taxation

Tax on ordinary activities                 (772)           217       (555)       (628)           186       (442)
                                        ________      ________    ________    ________      ________    ________
Return on ordinary activities after        1,937        10,767      12,704       1,613        41,450      43,063
taxation
                                        ________      ________    ________    ________      ________    ________

Return per Ordinary share (pence):          7.63         42.41       50.04        6.58        169.20      175.78
                                        ________      ________    ________    ________      ________    ________



The total column of this statement represents the profit and loss account of the
Company.

A Statement of Total Recognised Gains and Losses has not been prepared as all
gains and losses are recognised in the Income Statement.

All revenue and capital items are derived from continuing operations.

The accompanying notes are an integral part of the financial statements.



Balance Sheet


                                                                                        As at              As at
                                                                                30 April 2007      30 April 2006
                                                                                        £'000              £'000
Non-current assets
Investments                                                                           145,147            134,766
                                                                                   __________         __________
Current assets
Debtors                                                                                   870                423
Cash at bank and in hand                                                                1,345                790
                                                                                   __________         __________
                                                                                        2,215              1,213
                                                                                   __________         __________
Creditors: amounts falling due within one year
Foreign currency loans                                                                (6,822)            (7,496)
Other creditors                                                                       (1,047)              (486)
                                                                                   __________         __________
                                                                                      (7,869)            (7,982)
                                                                                   __________         __________
Net current liabilities                                                               (5,654)            (6,769)
                                                                                   __________         __________
Total assets less current liabilities                                                 139,493            127,997
Provision for liabilities and charges                                                   (151)               (90)
                                                                                   __________         __________
Net assets                                                                            139,342            127,907
                                                                                   __________         __________

Share capital and reserves
Called-up share capital                                                                 6,347              6,347
Share premium account                                                                  17,955             17,955
Special reserve                                                                        14,138             14,138
Capital redemption reserve                                                             10,207             10,207
Capital reserve - realised                                                             15,638              7,067
Capital reserve - unrealised                                                           69,645             67,449
Revenue reserve                                                                         5,412              4,744
                                                                                   __________         __________
Equity Shareholders' funds                                                            139,342            127,907
                                                                                   __________         __________
Net asset value per Ordinary share (pence):                                            548.87             503.83
                                                                                   __________         __________



Reconciliation in Movements in Shareholders' Funds

For the year ended 30 April  2007
                                           Share               Capital    Capital      Capital
                               Share     premium  Special   redemption   reserve-     reserve-     Revenue
                             capital     account  reserve      reserve   realised   unrealised     reserve      Total
                               £'000       £'000    £'000        £'000      £'000        £'000       £'000      £'000

  Balance at 30 April 2006     6,347     17,955    14,138       10,207      7,067       67,449       4,744    127,907
  Return on ordinary               -          -         -            -      8,571        2,196       1,937     12,704
  activities after
  taxation
  Dividend paid                    -          -         -            -          -            -     (1,269)    (1,269)
                               _____   ________    ______       ______     ______       ______      ______     ______
  Balance at  30 April         6,347     17,955    14,138       10,207     15,638       69,645       5,412    139,342
  2007
                               _____   ________    ______       ______     ______       ______      ______     ______

  For the year ended 30 April 2006
                                          Share                Capital    Capital      Capital
                               Share    premium   Special   redemption   reserve-     reserve-     Revenue
                             capital    account   reserve      reserve   realised   unrealised     reserve      Total
                               £'000      £'000     £'000        £'000      £'000        £'000       £'000      £'000

  Balance at 30 April 2005     5,852      9,777    14,138       10,207      7,025       26,041       4,301     77,341
  (restated)
  Return on ordinary               -          -         -            -         42       41,408       1,613     43,063
  activities after
  taxation
  Dividend paid                    -          -         -            -          -            -     (1,170)    (1,170)
  Issue of Ordinary shares       495      8,178         -            -          -            -           -      8,673
                               _____   ________    ______       ______     ______       ______      ______     ______
  Balance at 30 April 2006     6,347     17,955    14,138       10,207      7,067       67,449       4,744    127,907
                               _____   ________    ______       ______     ______       ______      ______     ______



Cash Flow Statement


                                                                          Year ended              Year ended
                                                                        30 April 2007            30 April 2006
                                                                        £'000       £'000       £'000       £'000
Net cash inflow from operating activities                                           1,712                   1,906

Servicing of finance
Bank and loan interest paid                                                         (378)                   (339)

Taxation
Net UK tax paid                                                                     (316)                   (616)

Financial investment
Purchases of investments                                             (13,066)                (14,509)
Sales of investments                                                   13,813                   5,982
                                                                     ________                ________
Net cash inflow/(outflow) from financial investment                                   747                 (8,527)

Equity dividend paid                                                              (1,269)                 (1,170)
                                                                                 ________                ________
Net cash inflow/(outflow) before financing                                            496                 (8,746)

Financing
Issue of new shares                                                                    -                    8,673
                                                                                 ________                ________
Increase/(decrease) in cash                                                           496                    (73)
                                                                                 ________                ________

Reconciliation of net cash flow to movements in net debt
Increase/(decrease) in cash as above                                                  496                    (73)
Exchange movements                                                                    733                   (450)
                                                                                 ________                ________
Movement in net debt in the year                                                    1,229                   (523)
Opening net debt                                                                  (6,706)                 (6,183)
                                                                                 ________                ________
Closing net debt                                                                  (5,477)                 (6,706)
                                                                                 ________                ________




Notes

     
1.   Accounting policies
          
     (a)  Basis of accounting

The financial statements have been prepared under the historical cost
convention, as modified to include the revaluation of investments, and in
accordance with applicable United Kingdom Accounting Standards and with the
Statement of Recommended Practice for 'Financial Statements of Investment Trust
Companies' (December 2005)('the SORP'). They have also been prepared on the
assumption that approval as an investment trust will continue to be granted.

The financial statements, and the net asset value per share figures, have been
prepared in accordance with UK Generally Accepted Accounting Practice (UK GAAP).

          
     (b)  Valuation of investments

Listed investments have been designated upon initial recognition as fair value
through profit or loss. Investments are recognised and de-recognised at trade
date where a purchase or sale is under a contract whose terms require delivery
within the time frame established by the market concerned, and are initially
measured at cost. Subsequent to initial recognition, investments are valued at
fair value which for listed investments is deemed to be bid market prices. Gains
and losses arising from changes in fair value are included as a capital item in
the Income Statement and are ultimately recognised in the capital reserve -
unrealised.

          
     (c)  Income

Dividends (other than special dividends), including taxes deducted at source,
are included in revenue by reference to the date on which the investment is
quoted ex-dividend. Special dividends are reviewed on a case-by-case basis and
may be credited to capital, if circumstances dictate. Dividends receivable on
equity shares where no ex-dividend date is quoted are brought into account when
the Company's right to receive payment is established. Fixed returns on
non-equity shares are recognised on a time apportioned basis so as to reflect
the effective yield on shares. Other returns on non-equity shares are recognised
when the right to return is established. The fixed return on a debt security, if
material, is recognised on a time apportioned basis so as to reflect the
effective yield on each security. Where the Company has elected to receive its
dividends in the form of additional shares rather than cash, the amount of the
cash dividend is recognised as income. Any excess in the value of the shares
received over the amount of the cash dividend is recognised in capital reserves.
Interest receivable on bank balances is dealt with on an accruals basis.

          
     (d)  Expenses

All expenses are accounted for on an accruals basis. Expenses are charged
through the revenue column of the Income Statement except as follows:
     
•    expenses directly relating to the acquisition or disposal of an investment, 
     in which case, they are added to the cost of the investment or deducted 
     from the sale proceeds. Such transaction costs are disclosed in accordance 
     with the SORP. These expenses are charged to the capital column of the 
     Income Statement.

•    the Company charges 50% of investment management fees and finance costs to 
     capital column of the Income Statement, in accordance with the Board's
     expected long term return in the form of capital gains and income 
     respectively from the investment portfolio of the Company.

          
     (e)  Deferred taxation

Deferred taxation is provided on all timing differences, that have originated
but not reversed at the Balance Sheet date, where transactions or events that
result in an obligation to pay more or a right to pay less tax in future have
occurred at the Balance Sheet date, measured on an undiscounted basis and based
on enacted tax rates. This is subject to deferred tax assets only being
recognised if it is considered more likely than not that there will be suitable
profits from which the future reversal of the underlying timing differences can
be deducted. Timing differences are differences arising between the Company's
taxable profits and its results as stated in the accounts which are capable of
reversal in one or more subsequent periods. Due to the Company's status as an
investment trust company, and the intention to continue to meet the conditions
required to obtain approval for the foreseeable future, the Company has not
provided deferred tax on any capital gains and losses arising on the revaluation
or disposal of investments.

              
     (f)  Capital reserves

Realised

Gains or losses on investments realised in the year that have been recognised in
the Income Statement are transferred to the realised capital reserve. In
addition, any prior unrealised gains or losses on such investments are
transferred from the unrealised capital reserve to realised capital reserve on
disposal of the investment.

Unrealised

Increases and decreases in the fair value of investments are recognised in the
Income Statement and are then transferred to the unrealised capital reserve.

            
(g)  Foreign currencies

Assets and liabilities in foreign currencies are translated at the rates of
exchange ruling on the Balance Sheet date. Transactions involving foreign
currencies are converted at the rate ruling on the date of the transaction.
Gains and losses on the realisation of foreign currencies are recognised in the
Income Statement and are then transferred to the realised capital reserve.

     
(h)  Dividends payable

Final dividends are dealt with in the period in which they are paid.

     
2.   Dividend

The Directors have today declared a final dividend of 5.55p per Ordinary share
for the year ended 30 April 2007 (2006 - 5.0p). The dividend will, if approved
by Shareholders at the Annual General Meeting, be payable on 31 August 2007 to
Shareholders on the register on 3 August 2007 (Provisional Ex-Dividend 1 August
2007).


3.   Income


                                            2007             2006
                                           £'000            £'000
Income from investments
UK dividend income                           213              111
Overseas dividends                         3,671            3,091
Scrip dividends                               46               70

                                           3,930            3,272

Other income
Deposit interest                              31               46
Stock lending income                          66               27

                                              97               73

Total income                               4,027            3,345


     
4.   The Income Statement, Balance Sheet, Reconciliation of Movement in
Shareholders' Funds and the Cash Flow Statement set out above do not represent
full accounts in accordance with Section 240 of the Companies Act 1985.  The
financial information for the year ended 30 April 2006 has been extracted from
the Annual Report and Accounts of the Company which have been filed with the
Registrar of Companies and restated where required as a result of the
implementation of the new Financial Reporting Standards.  The auditors' report
on those accounts as originally filed was unqualified and did not contain a
statement under Section 237 (2) or (3) of the Companies Act 1985. The statutory
accounts for 2007 will be finalised on the basis of the financial information
presented by the Directors in this preliminary announcement and will be
delivered to the Registrar of Companies in due course.


5.   Copies of the Annual Report will be posted to all Shareholders in due
course and further copies may be obtained from the Registered Office, One Bow
Churchyard, Cheapside, London EC4M 9HH.


6.   This preliminary announcement of results was approved by the Board on
10 July 2007.


Aberdeen Asset Management PLC
Secretaries

10 July 2007


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