Aberdeen Israel Fund, Inc. Announces Performance Data and Portfolio Composition

Aberdeen Israel Fund, Inc. (the "Fund”) (NYSE AMEX: ISL), a closed-end equity fund, announced today its performance data and portfolio composition as of May 31, 2011.

The Fund’s total returns for various periods through May 31, 2011 are provided below. (All figures are based on distributions reinvested at the dividend reinvestment price and are stated net-of-fees):

On May 31, 2011, the Fund’s net assets amounted to US$83.1 million and the Fund’s NAV per share was $19.46.

As of May 31, 2011, the portfolio was invested as follows:

The Fund's ten largest equity holdings as of May 31, 2011, representing 75.0% of net assets, were:

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 October 29, 1992.