Proposed Bonus Issue of Subscription Shares

For release at 7 a.m. on 21 May 2009

                            Invesco Asia Trust plc                             

                  Proposed bonus issue of subscription shares                  

The Board of Invesco Asia Trust plc (the "Company") announces proposals for a
bonus issue of subscription shares to shareholders pro rata on a one for five
basis.

Subscription shares have similar characteristics to warrants in that they carry
the right (but not the obligation) to convert into ordinary shares during a
pre-determined future period at a pre-determined price. Subscription shares are
also qualifying investments for the purposes of the stocks and shares component
of an ISA and permitted investments for the purposes of a SIPP.

The Board believes that a bonus issue of subscription shares will be
advantageous for shareholders since it will provide them with tradeable
securities which they may convert into ordinary shares in order to benefit from
future growth. In addition, subscription shares converted into ordinary shares
will increase the capital base of the Company, allowing operating costs to be
spread across a larger number of ordinary shares and the total expense ratio to
fall. Increasing the number of ordinary shares in issue may also improve the
future liquidity in the market of the ordinary shares.

It is expected that details of the proposals will be despatched to shareholders
in mid July 2009. A further announcement will be made in due course.

For further information please contact:

Invesco Asset Management Limited 020 7065 3555

Guy Short

Andrew Watkins

Arbuthnot Securities Limited 020 7012 2000

Alastair Moreton

Hannah Pearce