Holding(s) in Company

TR-1 (i) NOTIFICATION OF MAJOR INTERESTS IN SHARES               

1. Identity of the issuer or the underlying     Invesco Perpetual UK Smaller   
issuer of existing shares to which voting       Companies Investment Trust plc 
rights are attached (ii):                                                      

2. Reason for the notification (Please tick              State Yes/No          
appropriate boxes):                                                            
                                                                               
An acquisition or disposal of voting rights                    X               
                                                                               
An acquisition or disposal of financial                                        
instruments which may                                                          
                                                                               
result in the acquisiiton of shares already                                    
issued to which voting rights are attached                                     
                                                                               
An event changing the breakdown of voting                                      
rights                                                                         
                                                                               
Other (please specify):                                                        

3. Full name of person(s) subject to the        Lazard Asset Management LLC    
notification obligation (iii):                                                 
                                                                               
4. Full name of shareholder(s) (if different    Bank of New York, Inc - Dir    
from 3.) (iv):                                  Personal                       
                                                                               
                                                JP Morgan Chase - SWIFT        
                                                                               
                                                Mellon Trust                   
                                                                               
                                                Morgan Guaranty - Personal     
                                                Custody                        
                                                                               
                                                Northern Trust Co              
                                                                               
                                                State Street Bank- Custodian - 
                                                ETC                            
                                                                               
                                                State Street Bank - Master Tr -
                                                ETC                            
                                                                               
                                                State Street Bank - Custody    
                                                Master Trust                   
                                                                               
5. Date of the transaction (and date on which   15 July 2014                   
the threshold is                                                               
                                                                               
crossed or reached if different) (v):                                          
                                                                               
6. Date on which issuer notified:               16 July 2014                   
                                                                               
7. Threshold(s) that is/are crossed or reached: Increase from 9% to 11%        
                                                                               
8. Notified details:                                                           

A: Voting rights attached to shares

Class/type   Situation previous     Resulting situation after the triggering   
of shares if  to the triggering                transaction (vii)               
possible      transaction (vi)                                                 
using the                                                                      
ISIN CODE                                                                      
                                                                               
             Number of Number of Number of  Number of voting     % of voting   
              Shares    Voting    shares         rights            rights      
                        Rights                                                 
                        (viii)                    (ix)                         
                                                                               
                                  Direct    Direct  Indirect   Direct  Indirect
                                                       (x)                     
                                             (x)                               
                                                                               
GB00B1FL3C76 5,913,834 4,797,103                    5,913,834          11.114% 

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction (xii)

Type of          Expiration       Exercise/     Number of voting  % of voting  
financial       date (xiii)   Conversion Period rights that may      rights    
instrument                       /Date (xiv)     be acquired if                
                                                 the instrument                
                                                 is exercised/                 
                                                   converted                   
                                                                               

Total (A+B)                                                                    
                                                                               
Number of voting rights                 % of voting rights                     
                                                                               
5,913,834                               11.114%                                

9. Chain of controlled undertakings through which the voting rights and/or the
financial

instruments are effectively held, if applicable (xv):

Lazard Asset Management LLC controls all the voting rights held of this issuer.

Proxy Voting:

10. Name of the proxy holder:                      N/A                         
                                                                               
11. Number of voting rights proxy holder will                                  
cease to hold:                                                                 
                                                                               
12. Date on which proxy holder will cease to hold                              
voting rights:                                                                 
                                                                               
13. Additional information:                                                    
                                                                               
14. Contact name:                                  Kevin Mayger                
                                                                               
15. Contact telephone number:                      0203 753 1000