Net Asset Value(s)

Invesco Perpetual UK Smaller Companies Investment Trust plc (IPU)                      
                                                                                       
As at close of business on 21-January-2020                                             
                                                                                       
NAV per Ordinary share (unaudited) with Debt at Par & Fair Value                       
                                                                                       
EXCLUDING undistributed current year revenue                          616.26p          
                                                                                       
INCLUDING current year revenue                                        618.41p          
                                                                                       
The fair value of debt is not materially different from the carrying value.            
                                                                                       
LEI: 549300K1D1P23R8U4U50