The Aberdeen G7 Trust (TSX: GSV.UN), an investment trust trading on the Toronto Stock Exchange, announced today that it will make a monthly distribution of $0.06 per unit, payable on December 29, 2006, to all unitholders of record as of December 15, 2006 (ex-dividend date December 13, 2006).

The Trust also announced that the Canadian securities regulators have provided exemptive relief to permit the Trust to enter into a revolving line of credit (the "Credit Line") that would enable the Trust to borrow up to 15% of the Trust's net asset value from time to time. Aberdeen Asset Management Inc. (the "Investment Manager") believes the Credit Line can contribute to enhanced total returns for the Trust and its Unitholders by increasing the income potential of the Trust and through the possibility of net asset value gains.

The Investment Manager anticipates that the principal use of the Credit Line will be to continue to selectively write puts on certain global equities, with the undrawn commitment, from time to time, being used as cover for put options written by the Trust and occasionally to fund the purchase of additional direct investments in global equities. The proposal to enter into the Credit Line has been considered and approved by the advisory board of the Trust. The Canadian securities regulators have provided exemptive relief to permit the Trust to make this borrowing and to grant a security interest on its assets to secure the Trust's obligations under the Credit Line and to utilize the undrawn commitment under the Credit Line as cover. This relief will expire on the scheduled termination date for the Trust unless the relief is extended by the regulators.

The initial borrowing or utilization of the Credit Line by the Trust as cover will not occur before January 24, 2007.

The Trust previously announced in October 2006 an increase in the ongoing level of monthly distribution from $0.05 per unit to $0.06 per unit to reflect the significant improvement in the net asset value of the Trust which has risen from $8.72 on December 30, 2005 to $10.52 on November 30, 2006. The Trust was ranked 1st out of 441 Global Equity funds by Fundata Canada Inc. for the year ended October 31, 2006. The Trust was also ranked 1st out of 175 Canadian closed end funds for year to date performance for the period ended September 30, 2006.

The Investment Manager continues to believe there is the potential for further net asset value appreciation. Using its bottom-up investment process, the Investment Manager will continue to seek to identify sound global companies whilst employing an integrated stock option program to enhance income.

This press release contains information that may constitute forward-looking information within the meaning of securities laws. Implicit in this information, particularly in respect of future financial performance and condition of the Trust, are assumptions which, although considered reasonable by the Investment Manager at the time of preparation, may prove to be incorrect. Investors are cautioned that actual results are subject to a number of risks and uncertainties, including general economic and market factors, including credit, currency, political and interest-rate risks and could differ materially from what is currently expected. The Investment Manager has no specific intention of updating any forward-looking information whether as a result of new information, future events or otherwise.

Past performance is not indicative of future results, current performance may be higher or lower.

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contact InvestorRelations@aberdeen-asset.com

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www.aberdeen-asset.ca

For further information: Aberdeen Asset Management Investor Relations, (800) 992-6341, InvestorRelations@aberdeen-asset.com

Source: newswire