An anonymous director reports

ABERDEEN ASIA-PACIFIC INCOME INVESTMENT COMPANY LIMITED ANNOUNCES PERFORMANCE DATA AND PORTFOLIO COMPOSITION

Aberdeen Asia-Pacific Income Investment Co. Ltd. has provided performance data and portfolio composition details as of Aug. 31, 2014.

The company's total returns for various periods through Aug. 31, 2014, are provided in the attached tables. (All figures are based on distributions reinvested at the dividend reinvestment price and are stated net of fees.)

Period                             NAV total return (%)   Market price total return (%)
                               Cumulative    Annualized   Cumulative     Annualized    

Since inception (June, 1986)      694.2         7.6          692.5           7.6           
10 years                           48.6         4.0           58.6           4.7           
Five years                         37.3         6.5           46.6           7.9           
Three years                         7.4         2.4            1.9           0.6           
One year                           17.5                        3.6                          

The company's returns, which are denominated in Canadian dollars, are affected by the performance of the Canadian dollar against the various currencies listed below.

As of Aug. 31, 2014, the portfolio was invested as displayed in the table.

                       Currency exposure (%)   Geographic exposure (%)

Australia                           23.6                     21.2
New Zealand                          0.1                      0.5
United States                      *21.0                      1.0
Canada                               0.1                      0.2
Mexico                              12.1                     12.1
United Kingdom                         -                      0.3
Germany                                -                      1.3
Norway                                 -                      0.3
Brazil                               9.2                      9.2
Turkey                               7.2                      7.2
South Korea                            -                      0.6
Singapore                              -                      0.1
Thailand                               -                      1.6
Philippines                            -                      3.4
Malaysia                               -                      0.9
India                               13.5                     14.3
China                                  -                      3.6
Hong Kong                              -                      3.1
Indonesia                           10.2                     16.1
Sri Lanka                            3.0                      3.0

* Of which 21.0 per cent held in U.S.-dollar-denominated bonds 
  issued by foreign issuers. 

As of Aug. 31, 2014, the top 10 holdings of the portfolio based on total assets were as displayed in the table.

Holding                                                         Coupon         Maturity     (%) 



Brazil Notas do Tesouro Nacional (Series F)                        10.00%    Jan. 1, 2015   4.4 
Mexican Bonos                                                       8.50%    May 31, 2029   3.7 
Turkey government bond                                             10.50%   Jan. 15, 2020   3.5 
Turkey government bond                                             10.00%   June 17, 2015   3.3 
Indonesia government bond, JP Morgan credit linked note            10.50%   Aug. 19, 2030   2.9 
Australia government bond                                           4.50%   Oct. 21, 2014   2.9 
Indonesia government bond, standard chartered credit linked note   10.50%   Aug. 19, 2030   2.9 
India government bond                                               8.28%  Sept. 21, 2027   2.6 
Brazil Notas do Tesouro Nacional (Series F)                        10.00%    Jan. 1, 2017   2.5 
Mexican Bonos                                                       8.50%   Dec. 13, 2018   2.4 
Total                                                                                      31.1

As of Aug. 31, 2014, the holdings of the portfolio represented approximately 77.4 per cent sovereign and state government securities, 17.3 per cent corporates, 4.4 per cent supranationals, 0.8 per cent cash and 0.1 per cent mortgage-backed securities. As of Aug. 31, 2014, the company's net assets, including $117.4-million (Canadian) in bank borrowing, amounted to $420.2-million (Canadian). The net asset value per ordinary share was $5.73 (Canadian).

As of Aug. 31, 2014, 39.2 per cent of the portfolio was invested in securities where either the issue or the issuer was rated A or better by multiple rating agencies. The credit quality and maturity breakdown of the portfolio was as displayed in the table.

               CREDIT QUALITY (%)                

AAA/Aaa   AA/Aa     A     BBB/Baa   BB/Ba     B    NR 

 19.9      3.8    15.5       29.9    25.2    4.1   1.6

 
                 MATURITY (%)         
               
-3 years   3-5 years   5-10 years   +10 years

  29.0       14.8        29.8         26.4     

As of Aug. 31, 2014, the average maturity of the portfolio was 7.2 years. The company has a normal course issuer bid (NCIB) in place whereby shares of the company may be purchased at times when the market price per share trades at a discount in excess of 8 per cent to the company's net asset value per share. During the month of August there were no shares purchased under the NCIB. The company has in place leverage in the form of a loan facility. The outstanding balance on the loan as of Aug. 31, 2014, is $108.2-million (U.S.), which represents no change from the previous month.

The leverage is used with the intent of enhancing returns by borrowing at interest rates that are lower than the relatively higher yields of the Asian-Pacific fixed income securities in which the company invests. The company has entered into interest rate swap agreements in order to fix the interest payable on a portion of the credit facility. Details regarding the revolving credit loan facility and the interest rate swap agreements are contained in the company's annual and semi-annual reports to shareholders.