Aberdeen Development Capital PLC 24 October 2007 For Immediate Release 24 October 2007 ABERDEEN DEVELOPMENT CAPITAL PLC, ADC ZEROS 2010 PLC and ADC ZEROS 2012 PLC (together the "Companies" or the "ADC Group") CAPITAL REDUCTION AND CAPITAL RETURN The Board announces that the Court has approved the reduction in the nominal value of the Ordinary Shares from 10p to 1p per Ordinary Share and the cancellation of the share premium accounts created from premiums paid on the Shares and that the Capital Reductions have become effective today. As a result, special capital reserves have now been created out of which returns of capital can be paid to Shareholders and buy backs of Shares can be funded. Accordingly, the Capital Return Scheme and the Buy Back Programme are now unconditional in all respects. The Board also announces the first capital return under the Capital Return Scheme of: • 51p per 2010 ZDP; • 51p per 2012 ZDP; and • 5p per Ordinary Share. This capital return, amounting to £10.8 million in aggregate, will be paid on 27 November 2007 to Shareholders on the register on 16 November 2007. In accordance with the terms of the Capital Return Scheme, the capital entitlements of the ZDPs will be adjusted on 27 November 2007 by deducting from the accrued capital entitlement per ZDP at that date (being 116.40p) the amount of the capital returned per ZDP referred to above (being 51p). Accordingly, on 27 November 2007 the accrued capital entitlement per ZDP will be reduced from 116.40p to 65.40p and, thereafter, the capital entitlement per ZDP will continue to accrue at the rate of 6.5 per cent. per annum, based on the reduced capital entitlement of 65.40p as at 27 November 2007. Enquiries Hugh Little/Derek Gault Aberdeen Asset Managers Limited Tel: 01224 631 999 Sue Inglis/Chris Whittingslow Intelli Corporate Finance Limited Tel: 020 7653 6300 Note Unless the context otherwise requires, terms used in this announcement shall bear the meanings given to them in the circular to the Companies' shareholders dated 11 July 2007. This information is provided by RNS The company news service from the London Stock Exchange SCPUGGGUUPMGWC