Net Asset Value(s)

INVESCO Asset Management Limited                        

HEADLINE: Net Asset Value

It is announced that at the close of business 3 January 2006, the unaudited net
asset value per share (AITC basis) of the following investment trust company
managed by INVESCO Asset Management Limited is:-

                                         NAVs with Debt at Par & Fair Value 
                                                                            
Company                                  Undiluted Diluted Undiluted Diluted
                                                                            
                                           Capital Capital       Cum     Cum
                                                                            
                                                              Income  Income
                                                                            
                                           (pence) (pence)   (pence) (pence)
                                                                            
INVESCO Asia Trust plc         Note 1        89.75       -    Note 2       -

Note:

1. For these Companies the fair value of debt is not materially different from
the carrying value.

2. No cum income NAV is published for these Companies.

4 January 2006