Aberdeen Asia-Pacific Income Fund, Inc. Announces Payment of Monthly Distribution

    PHILADELPHIA, Aug. 18 /EMWNews/ -- Aberdeen Asia-Pacific

Income Fund, Inc. (Amex: FAX) (the "Fund"), a closed-end bond fund, today

announced that it paid on August 15, 2008, a monthly distribution of US 3.5

cents per share to all shareholders of record as of July 31, 2008. For the

12 months to July 31, 2008, the Fund has paid total distributions amounting

to US $0.42 per share.



    The policy of the Fund's Board of Directors is to provide investors

with a stable monthly distribution out of current income, supplemented by

realized capital gains and, to the extent necessary, paid-in capital.



    The Fund is subject to U.S. corporate, tax and securities laws. Under

U.S. tax accounting rules, the amount of distributable income for each

fiscal period depends on the actual exchange rates during the entire year

between the U.S. dollar and the currencies in which Fund assets are

denominated and on the aggregate gains and losses realized by the Fund

during the entire year. Therefore the exact amount of distributable income

for each fiscal year can only be determined as of the end of the Fund's

fiscal year, October 31. However, under the Investment Company Act of 1940,

the Fund may be required to indicate the sources of certain distributions

to shareholders.



    The Fund estimates that distributions for the fiscal year commencing

November 1, 2007, including the distribution paid on August 15, 2008, are

comprised of 38% net investment income and 62% return of paid-in-capital.

This estimated distribution composition may vary from month to month

because it may be materially impacted by future realized gains and losses

on securities and fluctuations in the value of the currencies in which Fund

assets are denominated.



    In January 2009, a Form 1099-DIV will be sent to shareholders, which

will state the amount and composition of distributions and provide

information with respect to their appropriate tax treatment for the 2008

calendar year.



    The Fund is managed by Aberdeen Asset Management Asia Limited and

advised by Aberdeen Asset Management Limited. The Fund's shares trade on

the American Stock Exchange under the symbol "FAX".






    If you wish to receive this information electronically, please contact

                     [email protected]



                         http://www.aberdeeninvestments.com

    Aberdeen Asset Management Asia Limited and Aberdeen Asset Management

Limited are registered investment advisers under the Investment Advisers

Act of 1940.