Net Asset Value(s)

Invesco Asset Management Limited                        

HEADLINE: Net Asset Values

It is announced that at the close of business on 6December 10, the unaudited
net asset values per share (AIC basis) of the following investment trust
companies managed by Invesco Asset Management Limited are:-

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      225.55                227.66              
UK Smaller                                                                  
Companies Trust                                                             
plc                   Note 2                                                
                                                                            

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

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.

7 December 2010

Invesco Asset Management Ltd

020 7065 4000