Directorate Change

INVESCO Asia Trust plc                             

HEADLINE: Appointment of Director

The Board of INVESCO Asia Trust plc is pleased to announce the appointment of
Mr David Hinde as a Director of the Company with effect from 17 June 2003. Mr
Hinde is 64 and qualified and practised as a solicitor for five years before
moving into investment banking. Much of his career has been connected with the
Far East; from 1977 to 1982 he worked in Hong Kong with Wardley Limited, part
of the HSBC Group, and then returned to London for twelve years to run
international corporate finance at Samuel Montagu & Co. Limited, also part of
the HSBC Group. From 1994 to 1998 he was an executive director of Dah Sing
Financial Holdings Limited, the Hong Kong based banking and financial services
group, on whose board he remains as a non-executive director.

The Hon. Michael Benson has been a director of the Company since 1995 and his
contribution to the Company's affairs has been greatly appreciated by his
fellow directors. He is Chairman of INVESCO Asset Management Limited and Vice
Chairman of AMVESCAP, INVESCO's parent. His responsibilities are therefore
extensive and he has decided that he should retire as a director of your
Company at the conclusion of the Annual General Meeting on 5 August 2003. The
Board would like to thank him warmly for his services to the Company over the
years and wish him continuing success and good health.

INVESCO Asset Management Limited

18 June 2003