The Singapore Fund, Inc. Announces Share Repurchase Program

PHILADELPHIA, April 11, 2012 /PRNewswire/ -- The Board of Directors of The Singapore Fund, Inc. (NYSE: SGF) (the "Fund"), has approved a share repurchase program for the Fund. The program authorizes management, from time to time and to the extent permitted by law, to repurchase up to 10% of the Fund's outstanding shares in open market transactions for each twelve month period ended October 31. Such purchases may be made when the Fund's shares are trading at a discount to net asset value ("NAV") of 12% or more.

The Board authorized the share repurchase program in order to potentially enhance share liquidity and increase shareholder value through the potential accretive impact of the purchases to the Fund's NAV. There is no assurance that the Fund will purchase shares in any specific amounts. The Fund's repurchase activity will be disclosed in its stockholder reports for the relevant fiscal periods.  This program is intended to supplement, and does not replace, the Fund's Discount Management Policy that was announced on June 3, 2011.

Important Information

The Singapore Fund, Inc. is a closed-end management investment company that seeks long-term capital appreciation by investing primarily in Singapore equity securities. The Fund's shares are traded on the New York Stock Exchange under the trading symbol "SGF".

The investment return and principal value of the Fund's shares will fluctuate so that an investor's shares may be worth more or less than the original cost. Shares of closed-end funds may trade above (a premium) or below (a discount) the NAV of the fund's portfolio. There is no assurance that the Fund will achieve its investment objective. Past performance does not guarantee future results.

International investing entails special risk considerations, including currency fluctuations, lower liquidity, economic and political risks, and differences in accounting methods; these risks are generally heightened for single country funds.

Closed-end funds have a one-time initial public offering and then are subsequently traded on the secondary market through one of the stock exchanges. The investment return and principal value will fluctuate so that an investor's shares may be worth more or less than the original cost. Shares of closed-end funds may trade above (a premium) or below (a discount) the net asset value (NAV) of the fund's portfolio. There is no assurance that a fund will achieve its investment objective. Past performance does not guarantee future results.

Aberdeen Asset Management is the marketing name in the U.S. for the following affiliated, registered investment advisers: Aberdeen Asset Management Inc., Aberdeen Asset Managers Limited, Aberdeen Asset Management Ltd. and Aberdeen Asset Management Asia Ltd. (collectively, the 'Aberdeen Advisers'). Each of the Aberdeen Advisers is wholly owned by Aberdeen Asset Management PLC. "Aberdeen" is a U.S. registered service mark of Aberdeen Asset Management PLC.

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SOURCE The Singapore Fund, Inc.