The Latin America Equity Fund, Inc. (NYSE AMEX: LAQ)

Investment Objective:

The principal investment objective of the Fund is long-term capital appreciation through investing primarily in Latin American equity securities.

Investment Policies:

It is the policy of the Fund to invest its assets in Latin American equity securities. For these purposes, “Latin American equity securities” are equity securities of companies organized in a country in Latin America or for which the principal trading market is in Latin America.

The information contained above provides only a brief summary description of the Fund's investment objectives and investment policies. Please contact Aberdeen Investor Relations should you wish to receive more detailed information regarding the Fund.