Acquisition in funds representative

Aberdeen Asset Management plc have increased their shareholding in The Global Financial Services Group plc through the acquisition of 3.63 per cent shares in The Global Group.

This acquisition increases Aberdeen's shareholding in The Global Group from 5.3 per cent to 8.93 per cent. Aberdeen, a company listed on the London Stock Exchange, is an international investment management group which manages assets for both institutional and retail clients from a number of offices around the world.

The company holds a total of £26.63 billlion (€39.43 billion) funds under management and advice. The Global Group provides back office administration services to Aberdeen and is the exclusive representative of Aberdeen funds in Malta.

Gary R. Marshall, a member of Aberdeen's executive committee, who heads Aberdeen's sales and marketing operations is an non-executive director on The Global Group's board of directors.