Aberdeen Asia-Pacific Smaller Companies Fund

Fund Holdings

Name	Ticker	Security No.	Shares	Market Value	Percent
Bukit Sembawang Estates	BS SP	B1FMSL4	183000	886175.03	2.91%
ASM International	ASM NA	5165294	24550	860498.52	2.82%
Dah Sing Financial Holdings	440 HK	6249799	192338	822702.83	2.70%
Aeon Malaysia	AEON MK	6506160	188800	734145.39	2.41%
United Plantations	UPL MK	6917148	84100	697202.84	2.29%
Holcim	SMCB IJ	6016614	1850000	689399.01	2.26%
Oriental Holdings	ORH MK	6661434	250200	683168.77	2.24%
BS Financial Group	138930 KS	B3S98W7	58000	648104.52	2.12%
Venture Corp	VMS SP	6927374	100000	640748.64	2.10%
DGB Financial Group	139130 KS	B68N347	49000	610887.92	2.00%
Wheelock Properties	WP SP	6564522	398000	603303.35	1.98%
Tisco Financial Group	TISCO/F TB	B3KFW76	369000	553079.50	1.81%
CMC INR10	CMC IN	6143062	25910	537515.18	1.76%
HANA MICROELECTRONICS-FOREIG	HANA/F TB	B407NK9	753000	532424.55	1.75%
MULTI BINTANG INDONESIA PT	MLBI IJ	6609542	7000	521707.36	1.71%
Siam Makro	MAKRO/F TB	6798796	32800	517276.29	1.70%
CDL Hospitality Trust	CDREIT SP	B192HG8	321000	506310.23	1.66%
Millennium & Copthorne Hotels	MLC LN	0562254	64400	502119.86	1.65%
Pacific Basin Shipping	2343 HK	B01RQM3	905000	478769.86	1.57%
Giordano International	709 HK	G6901M101	518000	474550.54	1.56%
WBL Corporation	WBL SP	6944908	150000	471958.08	1.55%
UNITED MALACCA MYR1	UMR MK	6916684	196500	450565.51	1.48%
Castrol India	CSTRL IN	6114712	80300	435638.00	1.43%
Aventis Pharma SA	SANL IN	6100250	10250	433394.37	1.42%
Texwinca Holdings	321 HK	G8770Z106	500000	425157.44	1.39%
COMFORTDELGRO CORP NPV	CD SP	6603737	300000	422795.78	1.39%
MPHASIS INR10	MPHL IN	6151593	58450	417085.52	1.37%
YINGDE GASES GROUP	2168 HK	B4K19W5	418500	415256.24	1.36%
KANSAI NEROLAC PAINTS INR10	KNPL IN	6291778	20777	413381.88	1.36%
Yanlord Land Group	YLLG SP	B17KMY7	350000	412963.32	1.35%
MINOR INTL THB1 (ALIEN MRKT)	MINT/F TB	B018BZ4	585400	400567.19	1.31%
SATS	SATS SP	6243586	170000	395592.64	1.30%
Hongkong & Shanghai Hotels	45 HK	6436386	278020	392453.06	1.29%
Raffles Medical Group	RFMD SP	6734637	190000	384531.12	1.26%
M.P. EVANS GRP ORD GBP0.1 .	MPE LN	0753810	49675	383728.10	1.26%
PETRA FOODS NPV	PETRA SP	B039445	166000	380843.95	1.25%
Tasek Corp.	TC MK	6874704	90000	370688.79	1.22%
GODREJ CONSUMER PRODUCTS INR1	GCPL IN	B1BDGY0	27100	366855.12	1.20%
SHANGRI-LA HOTELS MYR1	SHMB MK	6801519	268500	357735.40	1.17%
Shinsegae	004170 KS	6805049	1864	346858.74	1.14%
BWP TST NPV	BWP AU	6127453	153000	339986.73	1.11%
CABCHARGE AUSTRALIA NPV	CAB AU	6194695	83500	337122.99	1.11%
SIAM CITY CEMENT THB10 (ALIEN MRKT)	SCCC/F TB	6806387	24600	335053.96	1.10%
MANILA WATER COMPANY	MWC PM	B0684C7	417000	333987.57	1.09%
ARB CORP NPV	ARP AU	6002215	29345	327879.69	1.07%
Asia Satellite Telecom	1135 HK	6052607	99000	312964.91	1.03%
BUMRUNGRAD HOSPITAL THB1 (ALIEN MRKT)	BH/F TB	B0166H5	125500	307718.49	1.01%
BANK PERMATA IDR12500 (LINKED SHS)	BNLI IJ	B013ZT1	2093000	305435.94	1.00%
IRESS MARKET TECHNOLOGY NPV	IRE AU	6297497	34000	291923.92	0.96%
EU YAN SANG INTERNATIONAL NPV	EYSAN SP	6279859	610000	289893.69	0.95%
ALLIANCE FINANCIAL GROUP BHD	AFG MK	6556938	213000	287293.68	0.94%
FAR EAST HOSPITALITY TRUST	FEHT SP	B8GM577	355000	286513.79	0.94%
BEC WORLD THB1 (ALIEN MRKT)	BEC/F TB	6728351	149000	282804.01	0.93%
Cafe de Coral Holdings	341 HK	G1744V103	94000	277752.32	0.91%
AITKEN SPENCE NPV	SPEN SL	Y0029C103	307000	277396.85	0.91%
JOHN KEELLS HLDGS NPV	JKH SL	Y4459Q103	173000	277145.60	0.91%
FRASER & NEAVE HLDGS MYR1	FNH MK	6555946	43100	262591.62	0.86%
Cash		Cash	261558	261558.92	0.86%
GUINNESS ANCHOR MYR0.5	GUIN MK	6397803	49300	260792.79	0.86%
YNH PROPERTY MYR1	YNHB MK	6712365	420000	256995.10	0.84%
Hong Kong Aircraft Engineering	44 HK	6435264	18800	256648.00	0.84%
BURSA MALAYSIA MYR0.50	BURSA MK	B06FV38	124000	252915.81	0.83%
PANASONIC MANUFACTURING MALAYSIA MYR1	PMM MK	6572600	35600	242428.10	0.79%
CENTRAL PATTANA THB1 (ALIEN MRKT)	CPN/F TB	B013L59	87900	231994.27	0.76%
SINGAPORE POST NPV	SPOST SP	6609478	240000	227129.82	0.74%
TESCO LOTUS RETAIL GROWTH FR	TLGF TB	B7HJYW8	488585	224472.22	0.74%
BANK OCBC NISP IDR125	NISP IJ	6587604	1569311	222469.67	0.73%
JOLLIBEE FOODS PHP1.00	JFC PM	Y4466S100	85820	219324.80	0.72%
AKR CORPORINDO TBK PT	AKRA IJ	6048156	480000	215145.65	0.71%
Gujarat Gas	GGAS IN	B1XDWL7	34670	191499.24	0.63%
POS MALAYSIA MYR0.5	POSM MK	6965909	179000	187259.03	0.61%
LAFARGE MALAYAN CEMENT MYR1	LMC MK	6556518	57400	180711.77	0.59%
CHEVRON LUBRICANTS LANKA NPV	LLUB SL	6517270	119600	171841.72	0.56%
HONG LEONG FINANCE LTD	HLF SP	6811767	85000	171330.61	0.56%
COMMERCIAL BANK OF CEYLON NPV	COMB SL	Y16904107	190755	146565.50	0.48%
BIG C Supercenter	BIGC/F TB	6763932	21500	136608.09	0.45%
Green Dragon Gas	GDG LN	B18S7D4	31950	131083.95	0.43%
Public Financial Hldgs	626 HK	G7297B105	250000	116773.14	0.38%
PIRAMAL HEALTHCARE INR2	PIEL IN	B058J56	11400	104348.93	0.34%
ASIAN TERMINALS PHP1	ATI PM	6001405	435200	97917.35	0.32%
Aeon Credit Service Asia	900 HK	6008321	100000	96128.16	0.32%
STAR PUBLICATIONS MYR1	STAR MK	6841571	75300	74067.69	0.24%
Cebu Holdings	CHI PM	6160135	361000	39287.12	0.13%
Dah Sing Banking Group	2356 HK	B01G0P1	29200	31648.75	0.10%
VALE INDONESIA TBK	INCO IJ	B0217K9	113000	24441.03	0.08%
SBS TRANSIT NPV	SBUS SP	6094825	9500	11286.84	0.04%
BANK PERMATA TBK PT-RIGHTS	BNLI/R IJ	B70YY64	380545	7338.39	0.02%

Disclosure

Holdings are subject to change at any time. Holdings should not be relied upon in making investment decisions and should not be construed as research or investment advice regarding specific securities. By accessing the portfolio holdings, you agree not to reproduce, distribute or disseminate the portfolio holdings, in whole or in part.