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Aberdeen Dev Cap PLC (AVC)

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Wednesday 24 October, 2007

Aberdeen Dev Cap PLC

Capital Reduction and Return

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                                                                                                                                                                                                                                                 

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