Holding(s) in Company

Headline: Holding in Company

            Schedule 10 - Notification of Major Interests in Shares            

1. Name of Company

INVESCO Asia Trust plc

2. Name of shareholder having a major interest

City of London Investment Management Company Limited

3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse of children under the age of 18:

Notification is in respect of shareholder named in 2 above

4. Name of registered holder(s) and, if more than one holder, the number of
shares held by each of them:

Mellon UK Nominees Ltd AC BSDTUSD

5. Number of shares/amount of stock acquired:

Not Stated

6. Percentage of issued class:

Not Stated

7. Number of shares/amount of stock disposed:

-

8. Percentage of issued class:

-

9. Class of security:

Ordinary Shares of 10p

10. Date of Transaction:

Not stated

11. Date company informed:

29 November 2002

12. Total holding following this notification:

5,480,897

13. Total percentage holding of issued class following this notification:

5.17%

14. Contact name for queries:

Alex Proudler

15. Contact telephone number:

0207 454 3249

16. Name of company official responsible for making notification:

Jo Milner

17. Date of notification:

2 December 2002

Additional Information

3,110,000 shares held on behalf of the Investable Emerging Markets Country
Fund.

2,370,897 Shares held on behalf of the Emerging Markets Country Fund