Aberdeen Frontier Markets Invtmnt : Mkts Inv Co Ltd - Holding(s) in Company

TR-1: Standard form for notification of major holdings

1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:			Aberdeen Frontier Markets Investment Co
1b. Please indicate if the issuer is a non-UK issuer (please mark with an 'X' if appropriate)
Non-UK issuer						X
2. Reason for the notification (please mark the appropriate box or boxes with an 'X')
An acquisition or disposal of voting rights						X
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights
Other (please specify)iii:
3. Details of person subject to the notification obligationiv
Name			Lazard Asset Management LLC
City and country of registered office (if applicable)			New York, United States of America
4. Full name of shareholder(s)(if different from 3.)v
Name			Bank of New York, Inc - Global Custody Bank of New York, Inc - Dir Personal Northern Trust Co State Street Bank - Master Tr - ETC State Street Bank - Custody Master Trust
City and country of registered office (if applicable)
5. Date on which the threshold was crossed or reachedvi:			19 September 2018
6. Date on which issuer notified (DD/MM/YYYY):			20/09/2018
7. Total positions of person(s) subject to the notification obligation
	% of voting rights attached to shares (total of 8. A)	% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)		Total of both in % (8.A + 8.B)	Total number of voting rights of issuervii
Resulting situation on the date on which threshold was crossed or reached	11.032%	N/A		11.032%	84,600,108
Position of previous notification (if applicable)	10.379%	N/A		10.379%

8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii
A: Voting rights attached to shares
Class/type of shares ISIN code (if possible)		Number of voting rightsix					% of voting rights
		Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)		Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)			Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)		Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)
GG00B1W59J17				9,333,452					11.032%
SUBTOTAL 8. A		9,333,452					11.032%
B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))
Type of financial instrument		Expiration datex	Exercise/ Conversion Periodxi			Number of voting rights that may be acquired if the instrument is exercised/converted.			% of voting rights
			SUBTOTAL 8. B 1
B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))
Type of financial instrument	Expiration datex		Exercise/ Conversion Periodxi		Physical or cash settlementxii			Number of voting rights	% of voting rights
					SUBTOTAL 8.B.2

9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an 'X')
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii
Fullchain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary)				X
Namexv	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
Lazard Asset Management LLC	11.032%		11.032%
10. In case of proxy voting, please identify:
Name of the proxy holder		N/A
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional informationxvi
Contact name: Legal & Compliance Department Contact telephone number: 0207 448 2165

Place of completion	Lazard Asset Management Limited
Date of completion	20 September 2018

Enquiries:

Aberdeen Fund Managers Limited (Investment Manager to Aberdeen Frontier Markets Investment Company Limited)

William Hemmings / Gary Jones Tel: [phone]

Grant Thornton UK LLP (Nominated Adviser)

Philip Secrett Tel: [phone]

Numis Securities Limited (Nominated Broker)

David Benda Tel: [phone]

END