PHILADELPHIA, Dec. 15 /PRNewswire-FirstCall/ -- The Chile Fund, Inc. (NYSE AMEX: CH) (the "Fund"), a closed-end equity fund, announced today that it will pay a quarterly distribution of US 36 cents per share on January 15, 2010 to all shareholders of record as of December 22, 2009 (ex-dividend date December 18, 2009).

The Fund has a managed distribution policy of paying quarterly distributions at an annual rate, set once a year, that is a percentage of the average of the Fund's prior four calendar quarter end net asset values. In June 2009, the Board of Directors determined that the initial percentage shall be 10% for the 12 months commencing with the distribution payable in July 2009. This policy will be subject to regular review by the Fund's Board of Directors. The distributions will be made from current income, supplemented by realized capital gains and, to the extent necessary, paid-in capital.

For the 12 months to November 30, 2009, the Fund has paid total distributions amounting to US $1.43 per share. The composition of distributions paid by the Fund since the beginning of the Fund's fiscal year, January 1, 2009, will be estimated through the payment date, and announced at the time of payment of the distribution.

The Fund is managed and advised by Aberdeen Asset Management Investment Services Limited. The Fund's shares trade on the NYSE AMEX under the symbol "CH".

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

www.aberdeench.com

SOURCE The Chile Fund, Inc.

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