The Asia Tigers Fund, Inc. Announces Expiration Of Semi-Annual Repurchase Offer

PHILADELPHIA, Jan. 21, 2014 /PRNewswire/ -- The Asia Tigers Fund, Inc. (NYSE: GRR; the "Fund") announced today the expiration of the Fund's semi-annual repurchase offer for shares of its common stock.  The repurchase offer and withdrawal rights expired on Friday, January 17, 2014.  The Fund offered to repurchase up to 5% of the outstanding shares of its common stock for cash at a price approximately equal to net asset value as of January 24, 2014.

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As of Friday, January 17, 2014, 3,789,331 Fund shares were outstanding.  The repurchase amount of 5% of Fund shares represents approximately 189,467 shares outstanding.  The preliminary count by Computershare, the Fund's depositary agent, indicated that approximately 1,304,267 shares (approximately 34.42% of the Fund's outstanding shares) were validly tendered and not withdrawn prior to the expiration of the Fund's repurchase offer.  This determination is subject to final confirmation and the proper delivery of all shares tendered and not withdrawn, including shares tendered pursuant to the guaranteed delivery procedure.  68,444 shares are estimated to be subject to this guarantee.  Since more than 5% of the Fund's outstanding shares were tendered, the Fund will accept shares tendered on a pro-rata basis.  It is expected that approximately 14.53% of the shares tendered will be accepted for payment.  Shares will be repurchased for cash at a price equal to their net asset value as of the close of regular trading on the New York Stock Exchange ("NYSE") on January 24, 2014, subject to a repurchase fee of 2% of net asset value per share, which will be deducted from the repurchase price.

On November 18, 2013, the Fund announced that the Board approved the elimination of the Fund's interval structure, subject to stockholder approval.  Stockholders have been asked to vote for the elimination of the Fund's interval structure at a Special Meeting of stockholders to be held on February 3, 2014.  Stockholders are advised to read the proxy statement filed by the Fund on December 11, 2013 with the Securities and Exchange Commission ("SEC") and other documents relating to the solicitation of proxies by the Fund for additional information.  The proxy statement and other documents filed by the Fund are available free of charge at the SEC's website, http://www.sec.gov. Stockholders can also obtain copies of these documents, free of charge, by contacting Aberdeen Asset Management, Inc., 1735 Market Street, 32nd Floor, Philadelphia, PA 19103, by calling 1-866-839-5205 toll-free or on the Internet at www.aberdeengrr.com.  

The Fund is a closed-end management investment company and its investment objective is long-term capital appreciation, which it seeks to achieve by investing primarily in equity securities of Asian companies.  The Fund conducts semi-annual repurchase offers and is traded on the NYSE under the trading symbol "GRR."  Aberdeen Asset Management Asia Limited serves as the Investment Manager to the Fund.  The Investment Manager is an affiliate of Aberdeen Asset Management PLC.

Information on the Fund can be obtained on the Fund's website at www.aberdeengrr.com or by calling the Fund's toll-free phone number at 1-866-839-5205.

This press release may contain statements regarding plans and expectations for the future that constitute forward-looking statements within the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking and can be identified by the use of words such as "may," "will," "expect," "anticipate," "estimate," "believe," "continue" or other similar words. Such forward-looking statements are based on the Fund's current plans and expectations, and are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Additional information concerning such risks and uncertainties are contained in the Fund's filings with the Securities and Exchange Commission.

Important Information
Closed-end funds are traded on the secondary market through one of the stock exchanges. The Fund's investment return and principal value will fluctuate so that an investor's shares may be worth more or less than the original cost. Shares of closed-end funds may trade above (a premium) or below (a discount) the net asset value (NAV) of the fund's portfolio. There is no assurance that the Fund will achieve its investment objective. Past performance does not guarantee future results.

International investing entails special risk considerations, including currency fluctuations, lower liquidity, economic and political risks, and differences in accounting methods; these risks are generally heightened for emerging market investments.

Aberdeen Asset Management is the marketing name in the U.S. for the following affiliated, registered investment advisers: Aberdeen Asset Management Inc., Aberdeen Asset Managers Limited, Aberdeen Asset Management Limited, and Aberdeen Asset Management Asia Limited (collectively, the "Aberdeen Advisers"). Each of the Aberdeen Advisers is wholly owned by Aberdeen Asset Management PLC. "Aberdeen" is a U.S. registered service mark of Aberdeen Asset Management PLC.

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

SOURCE Aberdeen Asset Management Inc.



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