Aberdeen Frontier Markets Investment Company Limited commences a share repurchases on October 5, 2016, under the program mandated by the shareholders in the Annual General Meeting held on December 3, 2015. As per the mandate, the company is authorized to repurchase up to 14.99% of its issued share capital. The minimum price (exclusive of expenses) which may be paid for an ordinary share is $0.01. The maximum price (exclusive of expenses) which may be paid for an ordinary share shall be the lower of either, 5% above the average of the middle market quotation for a share for the 5 business days immediately preceding the day on which that ordinary share is purchased, or the last published diluted net asset value per ordinary share. The plan will expire at the conclusion of the Annual General Meeting of the company to be held in 2016 or, if earlier, on the anniversary of the passing of this resolution.