Aberdeen Asia-Pacific Income Fund, Inc. Announces Performance Data and Portfolio...

Aberdeen Asia-Pacific Income Fund, Inc. Announces Performance Data and
Portfolio Composition

PHILADELPHIA, July 31 /PRNewswire-FirstCall/ -- Aberdeen Asia-Pacific
Income Fund, Inc. (the "Fund") (Amex: FAX), a closed-end bond fund, announced
today its performance data and portfolio composition as of June 30, 2008.
The Fund's total returns for various periods through June 30, 2008 are
provided below. (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
(April 1986) 629.6 9.4 550.7 8.8
10-years 133.3 8.8 117.9 8.1
5-years 55.6 9.3 51.2 8.6
3-years 25.9 8.0 17.1 5.4
1-year 7.4 0.8

The Fund's returns, which are denominated in U.S. dollars, are affected by
the performance of the U.S. dollar against the various currencies listed
below.
As of June 30, 2008, the portfolio was invested as follows:

Currency Exposure % Geographic Exposure %
Australia 47.5 56.0
New Zealand 1.5 1.5

United States* 37.2 0.7

South Korea 2.8 7.0
Philippines 0.4 8.0
Malaysia 1.6 4.5
Singapore 2.3 3.8
Thailand 1.5 2.5
Hong Kong 2.8 6.7
Indonesia 0.9 5.7
China 1.5 1.9
India - 1.4
Taiwan - 0.3

* Of which 28.9% is invested in US$ denominated bonds issued by foreign
issuers.

As of June 30, 2008, the Fund's net assets, including $600 million in bank
borrowing, amounted to US$2,381 million with a net asset value per share of
US$6.75.
As of June 30, 2008, 74.7% of the portfolio was invested in securities
where either the issue or the issuer was rated "A" or better, or judged by the
Investment Manager to be of equivalent quality. The credit quality and
maturity breakdown of the portfolio was as follows:

Credit Quality (%)
AAA/Aaa AA/Aa A BBB/Baa BB/Ba B
43.4 10.1 21.2 9.6 14.5 1.2

Maturity (%)
<3 Years 3-5 Years 5-10 Years >10 Years
30.1 28.4 30.0 11.5

As of June 30, 2008, the average maturity of the portfolio was 7.4 years.

A revolving credit loan facility, in the amount of $600,000,000, was
entered into on April 18, 2008 with the Bank of Nova Scotia, in order to fund
the redemption of the Fund's Auction Market Preferred Stock ("AMPS") that took
place in April 2008. 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 emerging market fixed income securities in which the Fund
invests. The Fund has entered into interest rate swap agreements in order to
fix the interest payable on an aggregate notional amount of $240 million,
which represents 40% of the bank loan facility. Details regarding the
revolving credit loan facility and the interest rate swap are contained in the
Fund's annual and semi-annual reports to shareholders.
Important Information
Aberdeen Asset Management Inc., the Fund's Administrator, has prepared
this report based on information sources believed to be accurate and reliable.
However, the figures are unaudited and neither the Fund, the Administrator,
Aberdeen Asset Management Asia Limited (the Investment Manager), Aberdeen
Asset Management Limited (the Investment Adviser), nor any other person
guarantees their accuracy. Investors should seek their own professional advice
and should consider the investment objectives, risks, charges and expenses
before acting on this information.
Total return figures with distributions reinvested at the dividend
reinvestment price are stated net-of-fees and represents past performance.
Past performance is not indicative of future results, current performance may
be higher or lower. Inception date April 25, 1986.
If you wish to receive this information electronically, please contact:
InvestorRelations@aberdeen-asset.com.
SOURCE Aberdeen Asia-Pacific Income Fund, Inc.

Aberdeen Asset Management Inc., Investor Relations, 1-800-522-5465,
InvestorRelations@aberdeen-asset.com