1. Aberdeen UK Tracker Trust plc Half Yearly Report for the six months ended 30 June 16 September 2016 David Jones, Senior Investment Manager Aberdeen Asset Management

2. 2 Objective To invest in a portfolio designed to track closely the FTSE All-Share Index, in terms of both capital and income. Benchmark FTSE All-Share Index Investment Policy The strategy employed to track the FTSE All-Share Index is to replicate fully the constituents of the FTSE 350 Index and to hold the majority of the stocks in the FTSE Small Cap Index. *FTSE is a joint trade mark of the London Stock Exchange Ltd and the Financial Times Limited and is used by FTSE International Ltd under licence. The FTSE All-Share Index is calculated by FTSE International Ltd. FTSE International Ltd does not sponsor, endorse or promote this product. All copyright in the index values and constituent list rests in FTSE International Ltd. Source: Aberdeen UK Tracker Trust plc, Half Yearly Report, 30 Jun 16 Aberdeen UK Tracker Trust plc

3. 3 Themes and highlights for six months ended 30 June 2016 Market The EU referendum or “Brexit” was main focus of UK market over the period Pre the Brexit vote – the market falling some 11.5% between the year end and 11 February 2016. This loss was totally recouped by 22 June 2016 as markets anticipated a pro-“Remain” result Post the Brexit vote on 23 June and the surprise exit result, the market lost 7% in value in 2 days, only to recover this loss and more by the period end Strongest performing sectors included oil & gas and basic materials while consumer services and financials lagged behind Trust Capital net asset value rose 2.1% over the 6 month period – in line with the FTSE All- Share index Total return net asset value rose 4.2% - with the index rising 4.3% Discount of share price to NAV rose to 9.2% at period end –Discounts widened across the investment company sector as investors sought to de-risk their UK assets due to uncertainty over Brexit vote, talk of lower interest rates and more quantitative easing –Buyback policy to manage discount volatility has lowered the discount significantly post the period end once the market had stabilised post Brexit Source: Aberdeen UK Tracker Trust plc, Half Yearly Report, 30 Jun 16

4. 4 Financial highlights and performance A Excluding revenue reserves B Including revenue reserves C Based on net asset value including revenue reserves D For the 6 months ended 30 Jun 15 * Annualised Past performance is not a guide to future results Source: Aberdeen UK Tracker Trust plc, Half Yearly Report, 30 Jun 16 Financial Highights 30 Jun 1631 Dec 15% Change Net asset value per Ordinary share A 317.3p310.9p+2.1 Net asset value per Ordinary share B 324.9p316.6p+2.6 Share price of Ordinary share (mid) 295.0p303.5p-2.8 Discount to net asset value C 9.2%4.1% Interim Dividend 6.50p6.40p D Performance (capital return) 6 month return % 1 year return % 3 year return* % 5 year return* % Net asset value A +2.1-1.6+2.1+2.5 FTSE All-Share Index +2.1-1.5+2.2+2.6 Share price -2.8-6.7+0.8+2.2

5. 5 Sector breakdown – 30 June 2016 Source: Factset and Aberdeen Asset Management

6. 6 Investment portfolio – twenty largest investments ​ Company Sector Market value £’000 Total assets % HSBCBanks14,1474.3 British American TobaccoTobacco13,7794.2 Royal Dutch Shell ‘A’Oil & Gas Producers13,1584.0 BPOil & Gas Producers12,4133.8 GlaxoSmithKlinePharmaceuticals & Biotechnology11,9553.7 Royal Dutch Shell ‘B’Oil & Gas Producers11,8673.6 VodafoneMobile Telecommunications9,2692.9 AstraZenecaPharmaceuticals & Biotechnology8,6622.7 DiageoBeverages8,0752.5 Reckitt BenckiserHousehold Goods & Home Construction7,2362.2 Top ten equity investments ​ 110,56133.9 UnileverPersonal Goods6,6352.0 SABMillerBeverages6,3852.0 National GridGas, Water & Multiutilities6,3522.0 ShirePharmaceuticals & Biotechnology6,2581.9 Imperial BrandsTobacco6,0011.8 Lloyds Banking GroupBanks5,3171.6 BT GroupFixed Line Telecommunications5,2721.6 PrudentialLife Insurance4,9281.5 Rio TintoMining4,2621.3 CompassTravel & Leisure3,6001.1 Top twenty equity investments ​ 165,57150.7 As at 30 June 16 Source: Aberdeen UK Tracker Trust plc, Half Yearly Report, 30 Jun 16

7. 7 Should you require further information please do not hesitate to contact us: Contact details Private investors: 0500 00 00 40 Institutional investors: Colin Edge +44 (0)207 463 5881 or Andrew Leigh +44 (0)207 463 6312

8. 8 Risk factors you should consider prior to investing: The value of investments and the income from them can fall and investors may get back less than the amount invested. Past performance is not a guide to future results. Investment in the Company may not be appropriate for investors who plan to withdraw their money within 5 years. The Company may accumulate investment positions which represent more than normal trading volumes which may make it difficult to realise investments and may lead to volatility in the market price of the Company's shares. There is no guarantee that the market price of the Company's shares will fully reflect their underlying Net Asset Value. As with all stock exchange investments the value of the Company's shares purchased will immediately fall by the difference between the buying and selling prices, the bid-offer spread. If trading volumes fall, the bid-offer spread can widen. Yields are estimated figures and may fluctuate, there are no guarantees that future dividends will match or exceed historic dividends and certain investors may be subject to further tax on dividends. Derivatives may be used, subject to restrictions set out for the Company, in order to manage risk and generate income. The market in derivatives can be volatile and there is a higher than average risk of loss. Other important information: Issued by Aberdeen Asset Managers Limited which is authorised and regulated by the Financial Conduct Authority in the United Kingdom. Registered Office: 10 Queen’s Terrace, Aberdeen AB10 1YG. Registered in Scotland No. 108419. An investment trust should be considered only as part of a balanced portfolio. Under no circumstances should this information be considered as an offer or solicitation to deal in investments. FTSE International Limited (‘FTSE’) © FTSE 2016. ‘FTSE®’ is a trade mark of the London Stock Exchange Group companies and is used by FTSE International Limited under licence. RAFI® is a registered trademark of Research Affiliates, LLC. All rights in the FTSE indices and/or FTSE ratings vest in FTSE and/or its licensors. Neither FTSE nor its licensors accept any liability for any errors or omissions in the FTSE indices and/or FTSE ratings or underlying data. No further distribution of FTSE Data is permitted without FTSE’s express written consent. MLD REF: 1996-230916-2 Disclaimer