Net Asset Value(s)

Invesco Asset Management Limited                        

HEADLINE: Net Asset Values

It is announced that at the close of business on 28-October-10, the unaudited
net asset values per share (AIC basis) of the following investment trust
companies managed by Invesco Asset Management Limited are:-

The above NAVs have been calculated using the fair value prices for the
underlying investments.

Company                        NAVs with Debt at Par & Fair Value           
                                                                            
                                Undiluted   Diluted   Undiluted    Diluted  
                                                                            
                                 Capital    Capital   Cum Income  Cum Income
                                                                            
                                 (pence)    (pence)    (pence)     (pence)  
                                                                            

Invesco Perpetual    Note 1      219.92                 221.66              
UK Smaller                                                                  
Companies Trust                                                             
plc                                                                         
                                                                            
                     Note 2                                                 
                                                                            


Notes:

1 For these Companies the fair value of debt is not materially different from
the carrying value.

2 The NAV above includes a provision for performance fee, where applicable.

29 October 2010


  ND