Investment Policy

INVESCO Asia Trust plc                             

HEADLINE: Investment Policy

The Board of INVESCO Asia Trust plc ('the Company') notes the publication of
the Investment Entities (Listing Rules and Conduct of Business) Instrument 2003
and announces that it is the Company's policy to invest no more than 15% of its
gross assets in other listed investment companies (including listed investment
trusts).

Contact: Alex Proudler

020 7065 3249

For and on behalf of

INVESCO Asset Management Limited - Secretaries

15 December 2003