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

PHILADELPHIA, Feb. 4 /PRNewswire-FirstCall/ -- The Chile Fund, Inc. (the "Fund") (NYSEAMEX: CH), a closed-end equity fund, announced today its performance data and portfolio composition as of December 31, 2009.

The Fund's total returns for various periods through December 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      1,833.6         15.7       1,626.4             15.1
     (September 1989)
    10-years               217.9         12.3         310.2             15.1
    5-years                111.1         16.1         125.6             17.7
    3-years                 43.1         12.7          39.8             11.8
    1-year                        80.6                         93.8
    
    

On December 31, 2009, the Fund's net assets amounted to US$191.4 million and the Fund's NAV per share was $18.82.

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

    
    
                                                          Percent of
    Portfolio Composition                                 Net Assets
    
    Utilities                                                 32.3
    Diversified                                               17.6
    Basic Materials                                           17.3
    Consumer, Non-Cyclical                                    10.1
    Consumer, Cyclical                                        10.1
    Financials                                                 7.5
    Communications                                             3.9
    Other                                                      1.2
    
    

The Fund's ten largest equity holdings as of December 31, 2009, representing 79.3% of net assets, were:

    
    
    Stock                                                 Percent of
                                                          Net Assets
    
    Empresas Copec SA                                         17.6
    Empresa Nacional de Electricidad SA                       16.5
    Empresas CMPC SA                                           8.9
    Enersis SA                                                 7.9
    Banco Santander Chile SA                                   6.1
    SACI Falabella                                             6.1
    Inversiones Aquas Metropolitanas SA                        4.2
    Vina Concha y Toro SA                                      4.1
    Lan Airlines SA                                            4.0
    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: [email protected]

SOURCE The Chile Fund, Inc.

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