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

PHILADELPHIA, Oct. 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 August 31, 2009.

The Fund's total returns for various periods through August 31, 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      1,488.2         14.9         1,316.5         14.2
    (September 1989)

    10-years               186.5         11.1           266.5         13.9
    5-years                108.8         15.9           120.4         17.1
    3-years                 45.5         13.3            26.5          8.2
    1-year                         -3.0                          6.2

On August 31, 2009, the Fund's net assets amounted to US$162.9 million and the Fund's NAV per share was $16.03.

As of August 31, 2009, the portfolio was invested as follows:

    Portfolio Composition                                 Percent of
                                                          Net Assets

    Utilities                                                 34.3
    Basic Materials                                           16.5
    Diversified                                               16.4
    Consumer, Non-Cyclical                                     8.9
    Consumer, Cyclical                                         8.2
    Financials                                                 8.1
    Communications                                             4.1
    Other                                                      3.5

The Fund's ten largest equity holdings as of August 31, 2009, representing 76.4% of net assets, were:

    Stock                                                 Percent of
                                                          Net Assets

    Empresa Nacional de Electricidad SA                       17.5
    Empresas Copec SA                                         16.4
    Empresas CMPC SA                                           7.6
    Enersis SA                                                 7.1
    Banco Santander Chile                                      5.9
    SACI Falabella                                             5.0
    Inversiones Aquas Metropolitanas SA                        4.6
    Vina de Concha y Toro SA                                   4.3
    Entel Empresa de Telecommunicaciones                       4.1
    Colbun SA                                                  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 Investment Services Limited (the Investment and 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.