Net Asset Value(s)

nvesco Asia Trust plc      
As at close of business on 29-December-2011     
NAV per Ordinary share (unaudited) with Debt at Par & Fair Value        
EXCLUDING undistributed current year revenue        
- Undiluted                                         158.44p 
- Diluted                                           153.08p 
INCLUDING current year revenue      
- Undiluted                                         161.43p 
- Diluted                                           155.55p 
The fair value of debt is not materially different from         
the carrying value.