Aberdeen Asia-Pacific Smaller Companies Fund

Fund Holdings

Name	Ticker	Security No.	Shares	Market Value	Percent
Cash		Cash	811904	811904.63	2.81%
Bukit Sembawang Estates	BS SP	B1FMSL4	183000	787684.25	2.73%
Aeon Malaysia	AEON MK	6506160	206800	744247.88	2.58%
ASM International	ASM NA	5165294	19750	664957.57	2.30%
Dah Sing Financial Holdings	440 HK	6249799	192338	664838.31	2.30%
Venture Corp	VMS SP	6927374	100000	656240.50	2.27%
DGB Financial Group	139130 KS	B68N347	49000	648086.89	2.24%
Oriental Holdings	ORH MK	6661434	250200	630307.41	2.18%
BS Financial Group	138930 KS	B3S98W7	58000	626223.07	2.17%
United Plantations	UPL MK	6917148	76100	622442.23	2.15%
Wheelock Properties	WP SP	6564522	398000	603480.40	2.09%
Tisco Financial Group	TISCO/F TB	B3KFW76	369000	554459.00	1.92%
HOLCIM INDONESIA IDR500	SMCB IJ	6016614	1850000	550940.40	1.91%
CMC INR10	CMC IN	6143062	25910	541164.92	1.87%
CDL Hospitality Trust	CDREIT SP	B192HG8	321000	531212.42	1.84%
MULTI BINTANG INDONESIA IDR1000	MLBI IJ	6609542	7000	518599.76	1.79%
HANA MICROELECTRONICS FOREIGN THB1	HANA/F TB	B407NK9	753000	511296.23	1.77%
Castrol India	CSTRL IN	6114712	80300	473852.84	1.64%
UNITED MALACCA MYR1	UMR MK	6916684	196500	470595.77	1.63%
Aventis Pharma SA	SANL IN	6100250	10250	462080.64	1.60%
WBL Corporation	WBL SP	6944908	150000	454884.72	1.57%
MPHASIS INR10	MPHL IN	6151593	58450	445924.23	1.54%
Giordano International	709 HK	G6901M101	518000	435605.65	1.51%
M.P. EVANS GRP ORD GBP0.1 .	MPE LN	0753810	49675	425140.51	1.47%
Siam Makro	MAKRO/F TB	6798796	32800	423053.88	1.46%
COMFORTDELGRO CORP NPV	CD SP	6603737	300000	419423.28	1.45%
SATS	SATS SP	6243586	190000	415102.69	1.44%
Pacific Basin Shipping	2343 HK	B01RQM3	905000	414374.55	1.43%
SIAM CITY CEMENT THB10 (ALIEN MRKT)	SCCC/F TB	6806387	31100	385971.36	1.34%
Raffles Medical Group	RFMD SP	6734637	190000	376380.42	1.30%
YINGDE GASES GROUP	2168 HK	B4K19W5	418500	370824.44	1.28%
BEC WORLD THB1 (ALIEN MRKT)	BEC/F TB	6728351	149000	370321.59	1.28%
KANSAI NEROLAC PAINTS INR10	KNPL IN	6291778	20777	368073.25	1.27%
SHANGRI-LA HOTELS MYR1	SHMB MK	6801519	268500	368071.93	1.27%
GODREJ CONSUMER PRODUCTS INR1	GCPL IN	B1BDGY0	27100	343701.58	1.19%
BUMRUNGRAD HOSPITAL THB1 (ALIEN MRKT)	BH/F TB	B0166H5	125500	334340.44	1.16%
Tasek Corp.	TC MK	6874704	90000	321543.35	1.11%
EU YAN SANG INTERNATIONAL NPV	EYSAN SP	6279859	610000	320742.64	1.11%
BWP TST NPV	BWP AU	6127453	153000	316616.64	1.10%
BANK PERMATA IDR12500 (LINKED SHS)	BNLI IJ	B013ZT1	2093000	314934.15	1.09%
Yanlord Land Group	YLLG SP	B17KMY7	321000	312708.79	1.08%
PETRA FOODS NPV	PETRA SP	B039445	155000	309574.32	1.07%
JOHN KEELLS HLDGS NPV	JKH SL	Y4459Q103	173000	306233.71	1.06%
AITKEN SPENCE NPV	SPEN SL	Y0029C103	307000	305754.67	1.06%
Shinsegae	004170 KS	6805049	1599	302125.64	1.05%
Millennium & Copthorne Hotels	MLC LN	0562254	38400	301174.41	1.04%
ARB CORP NPV	ARP AU	6002215	29345	297833.24	1.03%
Asia Satellite Telecom	1135 HK	6052607	99000	293683.25	1.02%
Hongkong & Shanghai Hotels	45 HK	6436386	248020	293660.50	1.02%
MINOR INTL THB1 (ALIEN MRKT)	MINT/F TB	B018BZ4	585400	292890.15	1.01%
ALLIANCE FINANCIAL GRP MYR1	AFG MK	6556938	213000	285021.29	0.99%
CABCHARGE AUSTRALIA NPV	CAB AU	6194695	49000	278722.89	0.96%
MANILA WATER PHP1	MWC PM	B0684C7	417000	269902.84	0.93%
Cafe de Coral Holdings	341 HK	G1744V103	94000	263695.83	0.91%
Texwinca Holdings	321 HK	G8770Z106	408000	263115.43	0.91%
IRESS MARKET TECHNOLOGY NPV	IRE AU	6297497	34000	263051.68	0.91%
FRASER & NEAVE HLDGS MYR1	FNH MK	6555946	43100	256639.23	0.89%
PANASONIC MANUFACTURING MALAYSIA MYR1	PMM MK	6572600	35600	256240.08	0.89%
YNH PROPERTY MYR1	YNHB MK	6712365	420000	255585.74	0.88%
Hong Kong Aircraft Engineering	44 HK	6435264	18800	250238.25	0.87%
BURSA MALAYSIA MYR0.50	BURSA MK	B06FV38	124000	249500.37	0.86%
GUINNESS ANCHOR MYR0.5	GUIN MK	6397803	49300	246136.40	0.85%
Gujarat Gas	GGAS IN	B1XDWL7	34670	224998.34	0.78%
SINGAPORE POST NPV	SPOST SP	6609478	240000	214236.03	0.74%
JOLLIBEE FOODS PHP1.00	JFC PM	Y4466S100	85820	207786.59	0.72%
BANK OCBC NISP IDR125	NISP IJ	6587604	1569311	204977.91	0.71%
POS MALAYSIA MYR0.5	POSM MK	6965909	179000	182132.65	0.63%
TESCO LOTUS RTL THB10.384	TLGF TB	B7HJYW8	370000	179109.79	0.62%
CHEVRON LUBRICANTS LANKA NPV	LLUB SL	6517270	119600	177424.75	0.61%
CENTRAL PATTANA THB1 (ALIEN MRKT)	CPN/F TB	B013L59	87900	171345.01	0.59%
COMMERCIAL BANK OF CEYLON NPV	COMB SL	Y16904107	190755	170968.35	0.59%
HONG LEONG FINANCE NPV	HLF SP	6811767	85000	169073.64	0.58%
LAFARGE MALAYAN CEMENT MYR1	LMC MK	6556518	57400	167138.42	0.58%
AKR CORPORINDO TBK IDR100	AKRA IJ	6048156	360000	159874.60	0.55%
BIG C Supercenter	BIGC/F TB	6763932	21500	132716.03	0.46%
Green Dragon Gas	GDG LN	B18S7D4	31950	125883.00	0.44%
Public Financial Hldgs	626 HK	G7297B105	250000	112210.99	0.39%
PIRAMAL HEALTHCARE INR2	PIEL IN	B058J56	11400	100329.48	0.35%
ASIAN TERMINALS PHP1	ATI PM	6001405	435200	96711.09	0.33%
Aeon Credit Service Asia	900 HK	6008321	100000	90284.71	0.31%
STAR PUBLICATIONS MYR1	STAR MK	6841571	75300	77849.61	0.27%
Cebu Holdings	CHI PM	6160135	361000	44654.43	0.15%
Dah Sing Banking Group	2356 HK	B01G0P1	29200	27267.01	0.09%
SBS TRANSIT NPV	SBUS SP	6094825	9500	11423.07	0.04%

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.