Aberdeen Global Income Fund, Inc. Announces Performance Data and Portfolio Composition

Aberdeen Global Income Fund, Inc. Announces Performance Data and Portfolio Composition

NEW YORK, Sept. 2 /PRNewswire-FirstCall/ -- Aberdeen Global Income Fund, Inc. (AMEX:FCO), a closed-end bond fund, announced today its performance data and portfolio composition as of July 31, 2005.

The Fund's total returns for various periods through July 31, 2005 are provided below. (All figures are based on distributions reinvested at the dividend reinvestment price, and are stated net-of-fees):

Period NAV Total Return % Market Price Total Return %
Cumulative Annualized Cumulative Annualized
Since Inception
(March 1992) 199.4 8.5 167.8 7.6
10-years 143.0 9.3 163.6 10.2
5-years 78.9 12.3 105.4 15.5
3-years 62.0 17.5 63.4 17.8
1-year 15.0 11.1

The Fund's returns, which are denominated in U.S. dollars, are affected by the performance of the U.S. dollar against the various currencies listed below.

As of July 31, 2005, the portfolio was invested as follows:

Currency Exposure Geographic Exposure
% %
Australia 23.3 20.2
Canada 18.4 19.1
New Zealand 15.7 5.4
United Kingdom 23.9 21.1

United States 11.5* 8.4

Europe (ex UK) 4.0 14.4
Asia 0.0 1.1
Emerging Markets 3.2 10.3

*Of which 8.2% is invested in US$ denominated bonds issued by foreign
issuers.

As of July 31, 2005, the Fund's net assets, including US$30 million in preferred stock, amounted to US$158.8 million with a net asset value per share of common stock of US$14.01.

As of July 31, 2005, approximately 75.5% of the Fund's assets were invested in securities rated "Aa" or better by Moody's Investors Service Inc. or "AA" or better by Standard & Poor's Corporation or, if unrated, judged by the Investment Manager to be of equivalent quality. The credit quality and maturity breakdown of the portfolio was as follows:

Credit Quality (%)

AAA/Aaa AA/Aa A BBB/Baa BB/Ba B
64.5 11.0 10.5 2.4 9.3 2.3

Maturity (%)

<3 Years 3-5 Years 5-10 Years >10 Years
36.5 16.6 32.3 14.5

As of July 31, 2005, the average maturity of the portfolio was 6.5 years.

The Fund has outstanding $30 million of auction market preferred stock ("AMPS") which, depending upon market conditions, may have a positive impact on the net asset value attributable to the holders of the Fund's common stock. The AMPS are used with the intent of enhancing returns by borrowing at U.S. interest rates and investing the proceeds in relatively higher yielding global fixed-income securities. In order to minimize the impact of fluctuations in U.S. interest rates on the costs associated with the AMPS, the Fund has entered into an interest rate swap agreement, enabling the Fund to lock in fixed interest rates for 80% of the outstanding AMPS. Details regarding this interest rate swap agreement are contained in the Fund's annual report to shareholders.

There can be no assurance that the Fund will have an interest rate swap in place at any given time nor can there be any assurance that, if an interest rate swap is in place, it will be successful in hedging the Fund's interest rate risk with respect to the AMPS. The implementation of this strategy is at the discretion of the AMPS Hedging Committee of the Fund's Board of Directors.

Aberdeen Global Income Fund, Inc. is managed by Aberdeen Asset Management Asia Limited ("Investment Manager") and advised by Aberdeen Asset Management Limited ("Investment Adviser"). Aberdeen Asset Management Inc. ("Administrator") has prepared this report based on information sources believed to be accurate and reliable. However, the figures are unaudited and neither the Fund, the Investment Manager, the Investment Adviser, the Administrator, nor any other person, guarantees their accuracy. Investors should seek their own professional advice before acting on this information.

Past performance does not guarantee future results.

If you wish to receive this information electronically, please contact InvestorRelations@aberdeen-asset.com

Source: Aberdeen Global Income Fund, Inc.

CONTACT: Aberdeen Asset Management Inc., Investor Relations,
1-866-839-5233, InvestorRelations@aberdeen-asset.com

Web site: http://www.aberdeen-asset.com/

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