Banking Arrangements

Aberdeen Asian Smaller Co's Inv Tst
03 June 2005

ABERDEEN ASIAN SMALLER COMPANIES INVESTMENT TRUST PLC
(The "Company")

In anticipation of the Company's term loan facility with Standard Bank maturing
on 5 June 2005, the Company has repaid the £2.5 million drawn down under this
facility.  The £2.5 million was funded by drawing down funds from the Company's
revolving credit facility with Allied Irish Bank ("AIB").  As part of this
exercise the maximum amount that can be drawn down under the AIB facility has
been increased from £6.0 million to £10.0 million.  The AIB facility matures on
5 June 2008 and is now the Company's sole loan facility.  As at today's date the
Company has total borrowings of approximately £8.3 million.

3 June 2005

Enquiries:

Robert Hoskin                                                 020 7463 6000
Aberdeen Asset Management PLC


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