The Indonesia Fund, Inc. Announces Performance Data and Portfolio Composition

Jan 06, 2010, 15:24 ET from The Indonesia Fund, Inc.

PHILADELPHIA, Jan. 6 /PRNewswire-FirstCall/ -- The Indonesia Fund, Inc. (the "Fund") (NYSE Amex: IF), a closed-end equity fund, announced today its performance data and portfolio composition as of November 30, 2009.

The Fund's total returns for various periods through November 30, 2009 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       -11.2        -0.6        -18.1        -1.0
    ---------------       -----        ----        -----        ----
    (March 1990)
    ------------
    10-years              196.2        11.5        107.6         7.6
    --------              -----        ----        -----         ---
    5-years               116.4        16.7         98.5        14.7
    -------               -----        ----         ----        ----
    3-years                18.4         5.8         -8.0        -2.7
    -------                ----         ---         ----        ----
    1-year                            134.5                    145.7
    ------                            -----                    -----


On November 30, 2009, the Fund's net assets amounted to US$89.1 million and the Fund's NAV per share was $10.77.

As of November 30, 2009, the portfolio was invested as follows:




                                                   Percent of Net
    Portfolio Composition                               Assets
    ---------------------                          --------------
    Consumer, Cyclical                                        24.1
    ------------------                                        ----
    Consumer, Non-Cyclical                                    20.4
    ----------------------                                    ----
    Financials                                                20.0
    ----------                                                ----
    Communications                                            13.5
    --------------                                            ----
    Industrials                                               11.3
    -----------                                               ----
    Utilities                                                  4.5
    ---------                                                  ---
    Basic Materials                                            3.6
    ---------------                                            ---
    Other                                                      2.6
    -----                                                      ---


The Fund's ten largest equity holdings as of November 30, 2009, representing 68.3% of net assets, were:




    Stock                                            Percent of
    -----                                            ----------
                                                     Net Assets
                                                     ----------
    PT Unilever Indonesia Tbk                                 11.0
    -------------------------                                 ----
    PT Astra International Tbk                                10.1
    --------------------------                                ----
    PT Telekomunikasi Tbk                                      9.8
    ---------------------                                      ---
    Bank OCBC NISP Tbk PT                                      6.7
    ---------------------                                      ---
    PT Holcim Indonesia Tbk                                    6.1
    -----------------------                                    ---
    Ace Hardware Indonesia                                     5.7
    ----------------------                                     ---
    United Overseas Bank Limited                               4.9
    ----------------------------                               ---
    Overseas Chinese Banking Corporation                       4.8
    ------------------------------------                       ---
    PT United Tractors Tbk                                     4.7
    ----------------------                                     ---
    Perusahaan Gas Negara PT                                   4.5
    ------------------------                                   ---


Important Information

Aberdeen Asset Management Inc. has prepared this report based on information sources believed to be accurate and reliable. However, the figures are unaudited and neither the Fund, Aberdeen Asset Management Asia Limited (the Investment Adviser), nor any other person guarantees their accuracy. Investors should seek their own professional advice and should consider the investment objectives, risks, charges and expenses before acting on this information. Aberdeen is a U.S. registered service mark of Aberdeen Asset Management PLC.

Total return figures with distributions reinvested at the dividend reinvestment price are stated net-of-fees and represents past performance. Past performance is not indicative of future results, current performance may be higher or lower. Holdings are subject to change and are provided for informational purposes only and should not be deemed as a recommendation to buy or sell the securities shown. Inception date March 9, 1990.

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

SOURCE The Indonesia Fund, Inc.