Net Asset Value(s)

Invesco Perpetual UK Smaller Companies Investment Trust plc (IPU)                                  
                                                                                      
As at close of business on 23-January-2020                                            
                                                                                      
NAV per Ordinary share (unaudited) with Debt at Par & Fair                            
Value                                                                                 
                                                                                      
EXCLUDING undistributed current year revenue                 614.78p                  
                                                                                      
INCLUDING current year revenue                               617.06p                  
                                                                                      
The fair value of debt is not materially different from the                           
carrying value.                                                                       
                                                                                      
LEI: 549300K1D1P23R8U4U50                                                             
                                                                                      
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