Net Asset Value(s)

Invesco Asset Management Limited                        

HEADLINE: Net Asset Values

It is announced that at the close of business on 06-Jul-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          Note 1     193.88                    196.19                
Perpetual UK                                                                
Smaller          Note 2                                                      
Companies Trust                                                             
plc                                                                       

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 July 2010