First Trust/Aberdeen Emerging Opportunity Fund Declares its Quarterly Distribution of $0.35 Per Share

First Trust/Aberdeen Emerging Opportunity Fund (the "Fund") (NYSE: FEO)
has declared the Fund’s regularly scheduled quarterly distribution of
$0.35 per share. The distribution will be payable on March 29, 2019, to
shareholders of record as of March 25, 2019. The ex-dividend date is
expected to be March 22, 2019. The quarterly distribution information
for the Fund appears below.

This distribution will consist of net investment income earned by the
Fund and may also consist of return of capital and/or realized capital
gains. The final determination of the source and tax status of all
distributions paid in 2019 will be made after the end of 2019 and will
be provided on Form 1099-DIV.

The Fund is a closed-end management investment company that seeks to
provide a high level of total return. The Fund seeks to achieve its
investment objective by investing at least 80% of its managed assets in
a diversified portfolio of equity and fixed-income securities of issuers
in emerging market countries.

First Trust Advisors L.P. ("FTA") is a federally registered investment
advisor and serves as the Fund's investment advisor. FTA and its
affiliate First Trust Portfolios L.P. ("FTP"), a FINRA registered
broker-dealer, are privately-held companies that provide a variety of
investment services. FTA has collective assets under management or
supervision of approximately $125 billion as of February 28, 2019
through unit investment trusts, exchange-traded funds, closed-end funds,
mutual funds and separate managed accounts. FTA is the supervisor of the
First Trust unit investment trusts, while FTP is the sponsor. FTP is
also a distributor of mutual fund shares and exchange-traded fund
creation units. FTA and FTP are based in Wheaton, Illinois.

Aberdeen Standard Investments Inc. ("ASII"), (formerly, Aberdeen Asset
Management Inc.), serves as the Fund's investment sub-advisor. ASII is
an indirect wholly-owned subsidiary of Standard Life Aberdeen plc.
Aberdeen Standard Investments is the brand name for the asset management
group of Standard Life Aberdeen plc, managing approximately $735.5
billion in assets as of June 30, 2018, for a range of pension funds,
financial institutions, investment trusts, unit trusts, offshore funds,
charities and private clients. In order to comply with applicable
securities laws, Aberdeen Standard Investments' total firm assets under
management for Q4 2018 will not be available until financial results are
released in March 2019.

Past performance is no assurance of future results. Investment return
and market value of an investment in the Fund will fluctuate. Shares,
when sold, may be worth more or less than their original cost. There can
be no assurance that the Fund’s investment objectives will be achieved.
The Fund may not be appropriate for all investors.

Principal Risk Factors: The debt securities in which the Fund invests
are subject to certain risks, including issuer risk, reinvestment risk,
prepayment risk, credit risk, and interest rate risk. Issuer risk is the
risk that the value of fixed-income securities may decline for a number
of reasons which directly relate to the issuer. Reinvestment risk is the
risk that income from the Fund's portfolio will decline if the Fund
invests the proceeds from matured, traded or called bonds at market
interest rates that are below the Fund portfolio's current earnings
rate. Prepayment risk is the risk that, upon a prepayment, the actual
outstanding debt on which the Fund derives interest income will be
reduced. Credit risk is the risk that an issuer of a security will be
unable or unwilling to make dividend, interest and/or principal payments
when due and that the value of a security may decline as a result.
Interest rate risk is the risk that fixed-income securities will decline
in value because of changes in market interest rates.

The Fund invests in non-investment grade debt instruments, commonly
referred to as "high-yield securities". High yield securities are
subject to greater market fluctuations and risk of loss than securities
with higher ratings. Lower-quality debt tends to be less liquid than
higher-quality debt.

The Fund invests in equity and debt securities of non-U.S. issuers which
are subject to higher volatility than securities of U.S. issuers. Risks
may be heightened for securities of companies located in, or with
significant operations in, emerging market countries. Because the Fund
invests in non-U.S. securities, you may lose money if the local currency
of a non-U.S. market depreciates against the U.S. dollar.

Use of leverage can result in additional risk and cost, and can magnify
the effect of any losses.

The risks of investing in the Fund are spelled out in the prospectus,
shareholder report and other regulatory filings.

The information presented is not intended to constitute an investment
recommendation for, or advice to, any specific person. By providing this
information, First Trust is not undertaking to give advice in any
fiduciary capacity within the meaning of ERISA, the Internal Revenue
Code or any other regulatory framework. Financial advisors are
responsible for evaluating investment risks independently and for
exercising independent judgment in determining whether investments are
appropriate for their clients.

The Fund’s daily closing New York Stock Exchange price and net asset
value per share as well as other information can be found at www.ftportfolios.com
or by calling 1-800-988-5891.

View source version on businesswire.com: https://www.businesswire.com/news/home/20190311005842/en/