Net Asset Value(s)

INVESCO Asset Management Limited                        

HEADLINE: Net Asset Value

It is announced that at the close of business on 5 July 2006 the unaudited net
asset values per share (AITC basis) of the following investment trust company
managed by INVESCO Asset Management Limited are:-

                                         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        89.71       -    Note 2       -
                                                                            
                              

All the above NAVs have been calculated using the fair value (bid) prices for
the underlying investments.

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.


6 July 2006