Net Asset Value(s)

Invesco Perpetual UK Smaller Companies Trust                        
plc                                                                 
                                                                    
As at close of business on 26-May-2015                              
                                                                    
NAV per Ordinary share (unaudited) with Debt at Par & Fair Value    
                                                                    
EXCLUDING undistributed current year revenue 399.23p                
                                                                    
INCLUDING current year revenue               403.33p                
                                                                    
The fair value of debt is not materially                            
different from                                                      
                                                                    
the carrying value.                                                 
                                                                    
The NAV includes a provision for any performance fee applicable.