Correction : Interim Management Statement

The issuer wishes to advise that, in the announcement released at 11.13 am
today, a wrong payment date was inadvertently given for the Company's
final dividend. The final dividend will not be paid on 27 May 2010 but on 27
May 2011.



                                         Invesco Perpetual UK Smaller Companies

                                                           Investment Trust plc

                         Interim Management Statement                          

                   for the Three Months ended 30 April 2011                    

Material Events

No material events occurred during the period.

Dividends

In the period, a final dividend of 2.7 pence per ordinary share was declared
and approved by shareholders at the AGM held on 19 May 2011. The dividend will
be paid on 27 May 2011 to shareholders on the register on 26 April 2011.

Performance - Total Return

                             3 Months     1 Year      3 Years      5 Years   
                                                                             
Share Price                        3.2%       21.7%        24.9%        35.1%
                                                                             
Net Asset Value                    4.9%       22.7%        25.9%        42.7%
                                                                             
Extended Hoare Govett SMC          5.8%       22.0%        37.2%        36.8%
                                                                             
Index (ex Investment                                                         
Companies)                                                                   

Source: Thomson Reuters Datastream

Share Price and Discount

                                             For the Three Months Ended      
                                                                             
                                                   30 April 2011             
                                                                             
                     As at 30 April 20     High         Low        Average   
                            11                                               
                                                                             
Share Price (pence)       198.50          203.5        190.3        197.2    
                                                                             
(Discount)/Premium        -20.8%                                             

Assets and Gearing

                                 30 April 2011       31 Jan 2011       Change
                                                                             
Total Gross Assets (£m)                  138.1             134.0         3.1%
                                                                             
of which cash (£m)                         1.8               0.8             
                                                                             
Borrowings (£m)                              -                 -            -
                                                                             
Cum Income Net Asset Value per           250.6            240.2*         4.3%
                                                                             
share (pence)                                                                
                                                                             
Gross Gearing                              nil               nil             
                                                                             
Net Gearing                              -1.3%             -0.6%             

* - ex dividend

`Gross Gearing' reflects borrowings drawn down, whereas `Net Gearing' reflects
the amount of borrowings invested in assets and not held in cash.

Sector Breakdown of Portfolio

                           30 April        31 Jan
                                                 
                               2010          2010
                                                 
Industrials                   39.2%         38.2%
                                                 
Technology                    13.0%         13.9%
                                                 
Financials                    11.1%         10.4%
                                                 
Healthcare                     9.0%          9.8%
                                                 
Basic Materials                8.9%          7.6%
                                                 
Consumer Services              8.5%          8.2%
                                                 
Oil & Gas                      7.1%          7.7%
                                                 
Consumer Goods                 3.0%          4.2%
                                                 
Telecommunications             0.2%          0.0%
                                                 
Utilities                      0.0%          0.0%

Top Ten Holdings

Ranking now     Top Ten Holdings*             % of Portfolio    
                                                                
1               Fenner                             4.0%         
                                                                
2               Synergy Healthcare                 3.6%         
                                                                
3               Babcock International              3.3%         
                                                                
4               Chemring                           2.9%         
                                                                
5               Croda International                2.8%         
                                                                
6               Homeserve                          2.3%         
                                                                
7               Domino Printing                    2.1%         
                                                                
8               Diploma                            1.8%         
                                                                
9               Dechra Pharmaceuticals             1.7%         
                                                                
10              Melrose                            1.7%         

* Ordinary shares

Changes to Share Capital

                            Ordinary Shares of 20p each 
                                                        
                                  Issued    Treasury    
                                                        
As at 31 Jan 2011             55,159,029        0       
                                                        
Shares bought back and          (30,000)        0       
cancelled                                               
                                                        
Share issued                         Nil        0       
                                                        
As at 30 April 2011           55,129,029        0       

The Company has authority to buy back shares (for cancellation or into
Treasury) and to issue new shares (disapplying pre-emption rights), in each
case within specified limits. The Company expects to renew these authorities
each year.

Since 30 April 2011, no further ordinary shares have been bought back and no
ordinary shares have been issued.

Price and Performance

The Company's Ordinary shares are listed on the London Stock Exchange and the
price is published in the Financial Times under `Investment Companies' and in
the Daily Telegraph under `Investment Trusts'.

The Company's net asset value is calculated on a daily basis and can be viewed
on the London Stock Exchange website at www.londonstockexchange.com.

Further information can be obtained from Invesco Perpetual as follows:

Free Investor Helpline: 0800 085 8677

Internet address: www.invescoperpetual.co.uk/investmenttrusts

The information provided in this statement should not be considered as a
financial promotion.

Interim management statements are expected to be published in May and November
each year.

For and on behalf of

Invesco Asset Management Limited

20 May 2011

Registered Office

30 Finsbury Square, London, EC2A 1AG

Telephone: [phone]

Facsimile: 020 7065 3166

Registered in England No 2129187

An Investment Company under Section 833

of the Companies Act 2006