Aberdeen Announces Intention to Make A Normal Course Issuer Bid

TORONTO, ONTARIO--(Marketwired - March 8, 2016) - Aberdeen International Inc. (TSX:AAB) ("Aberdeen" or the "Company"), is renewing its Normal Course Issuer Bid ("NCIB"), subject to Toronto Stock Exchange ("Exchange") approval, to buy back its common shares through the facilities of the Exchange. Any purchases made pursuant to the NCIB will be made in accordance with the rules of the TSX and in some instances may be effected through alternative Canadian trading system and will be made at the market price of the common shares at the time of the acquisition.

The Board of Directors of Aberdeen believes that the underlying value of the Company is not reflected in the current market price of its common shares, and may not be so reflected at certain times during the course of the NCIB, and has thus concluded that the repurchase and cancellation of common shares pursuant to the proposed NCIB presently constitutes an appropriate use of financial resources and would be in the best interest of Aberdeen shareholders.

The maximum number of common shares that may be purchased for cancellation pursuant to the NCIB is that number of common shares that represents 10% of the common shares in the public float. Based on the 66,168,462 common shares in the public float as at March 2, 2016, the maximum number of shares to be purchased and cancelled would be 6,616,846 Aberdeen notes that the number of its shares in the public float is less than the 95,529,128 total basic issued and outstanding Aberdeen common shares as of March 2, 2016 because the public float number does not include 29,360,666 common shares held by Aberdeen reporting insiders. Daily purchases will be limited to 11,322 common shares other than block purchase exceptions. This number represents 25% of the average daily trading volume for the six month period from September 2015 to February 2016 being 45,290. The actual number of common shares that would be purchased, if any, and the timing of such purchases will be determined by Aberdeen considering market conditions, share price, its cash position, and other factors including other investment opportunities. Aberdeen had a previous NCIB, which terminated effective February 15, 2016, pursuant to which Aberdeen purchased 1,820,294 securities at a weighted average price of $0.135.