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Aberdeen Global Income Fund Announces Distribution
Aberdeen Asset Management

New York, October 16, 2006 -- Aberdeen Global Income Fund, Inc. (AMEX:FCO), a closed-end
bond fund, announced today that it will pay a monthly distribution of US 6.5 cents per share on
November 13, 2006 to all shareholders of record as of October 31, 2006 (ex-dividend date of
October 27, 2006).

The Board's policy is to provide investors with a stable monthly distribution out of current income,
supplemented by realized capital gains and, to the extent necessary, paid-in capital. It is the Board's
intention that a monthly distribution of at least US 6.5 cents per share will be maintained for 12
months, beginning with the July 14, 2006 distribution payment. This policy is subject to regular
review at the Board's quarterly meetings. The next review is scheduled to take place in December
2006.

For the 12 months to September 30, 2006, the Fund has paid total distributions amounting to US
$1.075 per share comprising of 73.5 cents of regular monthly distributions and a special distribution
of 34 cents.

The Fund is subject to U.S. corporate, tax and securities laws. Under U.S. tax accounting rules, the
amount of distributable income for each fiscal period depends on the actual average exchange rates
during the entire year between the U.S. dollar and the currencies in which Fund assets are
denominated and on the aggregate gains and losses realized by the Fund during the entire year.
Therefore the exact amount of distributable income for each fiscal year can only be determined as of
the end of the Fund’s fiscal year, October 31. However, under the U.S. Investment Company Act of
1940, the Fund may be required to indicate the sources of certain distributions to shareholders.
The Fund estimates that distributions for the fiscal year commencing November 1, 2005, including
the distribution paid on October 13, 2006, are comprised entirely of net investment income. This
estimated distribution composition may vary from month to month because it may be materially
impacted by future realized gains and losses on securities and fluctuations in the value of the
currencies in which Fund assets are denominated.

In January 2007, a Form 1099-DIV will be sent to shareholders, which will state the amount and
composition of distributions and provide information with respect to their appropriate tax treatment.
Qualifying U.S. taxpayers are generally entitled to a foreign withholding tax credit on distributions
received. Shareholders will be informed as to the exact amount of the tax credit shortly after the
end of the tax year.

The Fund is managed by Aberdeen Asset Management Asia Limited and advised by Aberdeen
Asset Management Limited. The Fund's shares trade on the American Stock Exchange under the
symbol "FCO."

View more information on Aberdeen Asset Management or other Closed-End Funds