The Chile Fund, Inc. Announces Performance Data and Portfolio Composition

PHILADELPHIA, Nov. 2 /PRNewswire-FirstCall/ -- The Chile Fund, Inc. (the "Fund") (NYSE AMEX: CH), a closed-end equity fund, announced today its performance data and portfolio composition as of September 30, 2009.

The Fund's total returns for various periods through September 30, 2009 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       1,569.5      15.1         1,382.3      14.4
    (September 1989)
    10-years                214.5      12.1           303.4      15.0
    5-years                 112.0      16.2           122.4      17.3
    3-years                  46.6      13.6            34.9      10.5
    1-year                        14.1                       33.8

On September 30, 2009, the Fund's net assets amounted to US$171.3 million and the Fund's NAV per share was $16.85.

As of September 30, 2009, the portfolio was invested as follows:

    Portfolio Composition                                 Percent of
                                                          Net Assets
    Utilities                                                32.3
    Basic Materials                                          18.1
    Diversified                                              16.9
    Consumer, Non-Cyclical                                    9.9
    Consumer, Cyclical                                        8.5
    Financials                                                7.7
    Communications                                            3.9
    Other                                                     2.7

The Fund's ten largest equity holdings as of September 30, 2009, representing 77.8% of net assets, were:

    Stock                                                  Percent of
                                                           Net Assets
    Empresa Nacional de Electricidad SA                       16.9
    Empresas Copec SA                                         16.9
    Empresas CMPC SA                                           8.8
    Enersis SA                                                 7.1
    Banco Santander Chile SA                                   6.4
    SACI Falabella                                             5.0
    Inversiones Aquas Metropolitanas SA                        4.5
    Vina de Concha y Toro SA                                   4.4
    Colbun SA                                                  3.9
    Entel Empresa de Telecommunicaciones                       3.9

Important Information

Aberdeen Asset Management Inc. has prepared this report based on information sources believed to be accurate and reliable. However, the figures are unaudited and neither the Fund, Aberdeen Asset Management Investment Services 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. Aberdeen is a U.S. registered service mark of Aberdeen Asset Management PLC.

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. Holdings are subject to change and are provided for informational purposes only and should not be deemed as a recommendation to buy or sell the securities shown. Inception date September 27, 1989.

If you wish to receive this information electronically, please contact: InvestorRelations@aberdeen-asset.com

SOURCE The Chile Fund, Inc.