Result of AGM

INVESCO Perpetual UK Smaller Companies Investment Trust plc          

HEADLINE: Annual General Meeting Result

At the Annual General Meeting of the Company held on 10 May 2006 shareholders
approved the following resolutions:

Ordinary Resolutions:

i. to receive the Directors' Report and Accounts for the year ended 31 January
2006;

ii. to declare a final dividend of 12.0p per ordinary share;
   
iii. to approve the Directors' Remuneration Report;
   
iv. to re-elect Richard Brooman a Director of the Company;
   
 v. to re-elect Garth Milne a Director of the Company;
   
vi. to re-appoint RSM Robson Rhodes LLP as Auditors and authorise the Directors
    to determine their remuneration;
   
Special Resolutions:

vii. to renew the Directors' authority to issue new ordinary shares and to
    disregard pre-emption rights; and
   
viii. to renew the Directors' authority to purchase shares of the Company in
    the market for cancellation within the parameters specified;
   
ix. to increase the maximum aggregate remuneration payable to Directors to £
    150,000 per annum; and
   
 x. to amend the Articles of Association to allow the Company to indemnify
    Directors.
   
INVESCO Asset Management Limited, Secretaries

10 May 2006