Quarterly Portfolio

RNS Number:7758S
Aberdeen Development Capital PLC
02 December 2003


Aberdeen Delvelopment Capital PLC (the "Company")

In accordance with UKLA Listing Rule 21.20 (1)(ii), the following list
represents the Company's 10 largest investments and where appropriate, any
investment with a value greater than 5% of the Company's gross assets as at 30
November 2003:

Name                             Market Value            % of Gross Assets
----                             ------------            -----------------
                                                              
TRANSRENT HOLDINGS *                5,909,994                    12.75
ORIGINAL SHOE COMPANY *             3,612,000                     7.80
CONVECO *                           3,379,599                     7.29
CLYDEMORE PROPERTIES *              2,500,836                     5.40
PILGRIM SYSTEMS *                   2,500,050                     5.40
TENNANTS CONSOLIDATED *             2,432,372                     5.25
NORSON GROUP *                      2,082,750                     4.50
FIRSTGROUP                          2,025,000                     4.37
JOHN LAWRIE *                       1,620,000                     3.50
PLM DOLLAR GROUP *                  1,532,906                     3.31

* denotes unlisted holding, which is valued in accordance with BVCA guidelines
  as at 31 October 2003, pending revaluation at interim period end 30 November
  2003.

                      This information is provided by RNS
            The company news service from the London Stock Exchange

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