IPU Invesco Perpetual Uk Smaller Companies Investment Trust Plc

Invesco Perpetual UK Smaller Companies Trust plc

As at close of business on 19-June-2017

NAV per Ordinary share (unaudited) with Debt at Par & Fair Value

EXCLUDING undistributed current year revenue                                501.81p

INCLUDING current year revenue                                              508.29p

The fair value of debt is not materially different from the carrying value.

The NAV includes a provision for any performance fee applicable.

The above NAVs are those of the Continuing shares, and are after deducting
the fixed costs of the Tender Offer and taking into account the exit charge
calculated as 1.5% of the Tender Offer Formula Asset Value (which is
applied for the benefit of the Continuing shareholders)

LEI: 549300K1D1P23R8U4U50

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