Notice of EGM

Aberdeen Latin American Inv Tst PLC
12 March 2003

Aberdeen Latin American Investment Trust PLC

12 March 2003


Aberdeen Latin American Investment Trust PLC ('the Company') received notice on
11 March 2003 of an ordinary resolution submitted under Section 368 of the
Companies Act 1985 as amended ('the Resolution') by City of London Investment
Management Company Ltd requiring the Company to convene an extraordinary general
meeting.


The Resolution proposed is as follows:


'That the Directors of the Company be and are hereby authorised and directed to
put forward proposals to shareholders, within 60 days following the passing of
this resolution, to liquidate, open-end or otherwise reconstruct the Company in
such a way that would allow shareholders to realise their investment in the
Company for cash at a minimum of 95 per cent. of net asset value per share.'


As a result, the Directors announce that they intend to convene an extraordinary
general meeting for the purpose of considering and, if thought fit, passing the
Resolution to liquidate the Company as set out above ('Requisitioned EGM ').


The terms and conditions of the Warrants in the Company provide, on the
occurrence of certain events, including liquidation, for downward adjustment to
the subscription price payable on the exercise (or deemed exercise) of the
Warrants ('the Adjusted Price'). In calculating the Adjusted Price regard is to
be had to the average Warrant price in the ten dealing days prior to the
earliest of certain specified events including the date of the announcement by
the Directors of their intention to convene an extraordinary general meeting of
the Company for the purpose of passing a resolution to wind up the Company. In
order to reduce the potential for market abuse in the event of the market
quotation of the Warrants rising significantly relative to the net asset value
of the Shares by fixing the Adjusted Price, the Board announces its intention to
convene an extraordinary general meeting of the Company for the purpose of
passing a resolution to liquidate the Company assuming that the Resolution is
passed at the Requisitioned EGM.


The Board will be writing to shareholders and warrantholders in due course
putting forward details of the Resolution and setting out its recommendations on
the Resolution. In the meantime, the Board advises that shareholders take no
action. Shareholders should be aware that there can be no certainty that on a
liquidation they will realise the suggested minimum percentage of net asset
value.


Enquiries:


Robert Hoskin/Charles Mearns Aberdeen Asset Managers Limited                                     020 7463 6000
Gordon Neilly, Intelli Corporate Finance Limited                                                 020 7653 6320




                      This information is provided by RNS
            The company news service from the London Stock Exchange