Aberdeen Asia-Pacific Income Investment Company Limited Announces Merger of United Kingdom Regulated Entities Including the Fund's Investment Sub-Adviser

PHILADELPHIA, March 9, 2012 /CNW/ - Aberdeen Asia-Pacific Income Investment Company Limited (TSX: FAP) (the "Company"), announced today an internal reorganization, that Aberdeen Asset Management PLC has merged Aberdeen Fund Management Limited ("AFML"), into Aberdeen Asset Managers Limited ("AAML"), effective March 1, 2012. Therefore, effective March 1, 2012, AAML replaced AFML as Investment Sub-Adviser to the Company. There will be no change to the portfolio management team or the level or nature of the services provided to the Company and the same resources available to AFML for the management and compliance oversight of the Company will be available to AAML. AAML, a Scottish company that is authorized and regulated in the UK by the Financial Services Authority and acts as Aberdeen's main operating company in the UK. AAML will continue to conduct the businesses previously conducted by AFML as its successor and will have all necessary regulatory licenses, authorizations and permissions in order to carry on the business of AFML.

Important Information
Closed-end funds have a one-time initial public offering and then are subsequently traded on the secondary market through one of the stock exchanges. The 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 a fund will achieve its investment objective. Past performance does not guarantee future results.

The Aberdeen Asia-Pacific Income Investment Company Limited is a closed-end investment company established under the laws of the Cook Islands with its ordinary shares listed on The Toronto Stock Exchange.

In the United Sates, Aberdeen Asset Management (AAM) the marketing name for the following affiliated, registered investment advisers: Aberdeen Asset Management Inc., Aberdeen Asset Managers Ltd, Aberdeen Asset Management Ltd and Aberdeen Asset Management Asia Ltd, each of which is wholly owned by Aberdeen Asset Management PLC. "Aberdeen" is a U.S. registered service mark of Aberdeen Asset Management PLC.). Aberdeen" is a U.S. registered service mark of Aberdeen Asset Management PLC.

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SOURCE Aberdeen Asia-Pacific Income Investment Company Limited

Aberdeen Asset Management Inc., Investor Relations, 1-800-992-6341, [email protected]

http://www.aberdeenfap.com