Transaction in Own Shares

INVESCO Perpetual UK Smaller Companies Investment Trust plc          

HEADLINE: PURCHASE OF ORDINARY SHARES

FOR CANCELLATION

INVESCO Perpetual UK Smaller Companies Investment Trust plc announces that on
22 July 2005, it purchased for cancellation 25,000 ordinary shares of £1 each
at 643p per share.

Following this purchase there remain 13,823,206 shares outstanding.

22 July 2005

Enquiries:

Richard Smith - 01491 417113