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 9 May 2007 shareholders
approved the following resolutions:

Ordinary Resolutions:

i. to receive the Directors' Report and Financial Statements for the year ended
31 January 2007;

ii. to declare a final dividend of 1.75p per ordinary share;
   
iii. to approve the Directors' Remuneration Report;
   
iv. to re-elect Ian Barby a Director of the Company;
   
 v. to re-elect Richard Brooman a Director of the Company;
   
vi. to re-elect Mark O'Hare a Director of the Company;
   
vii. to re-elect John Spooner a Director of the Company;
   
viii. to re-appoint RSM Robson Rhodes LLP as Auditors and authorise the
    Directors to determine their remuneration;
   
Special Business

Special Resolutions:

ix. to renew the Directors' authority to issue new ordinary shares and to
    disregard pre-emption rights;
   
 x. to renew the Directors' authority to purchase shares of the Company in the
    market for cancellation or for holding in Treasury within the parameters
    specified; and
   
Ordinary Resolution:

xi. to change the objective of the Company from its current objective to "To
    achieve long-term total return for our shareholders via an investment
    vehicle which gives access to a broad cross section of small to medium
    sized UK quoted companies".
   
INVESCO Asset Management Limited, Secretaries

9 May 2007


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