Top 10 Investments

Top 10 Investments

INVESCO Asia Trust plc announces that, as at 31 December 2003, its top ten
investments were as follows:

Company                                      % of gross 
                                              assets*  
                                                                   
Taiwan Semiconductor                          4.98%                
                                                                   
Samsung Electronic                            4.34%                
                                                                   
Hutchinson Whampoa                            3.40%                
                                                                   
SK Telecom                                    3.36%                
                                                                   
CJ Corp                                       3.20%                
                                                                   
Samsung Fire & Marine                         3.19%                
                                                                   
UTD Micro Electronics                         3.18%                
                                                                   
United Overseas Bank                          3.02%                
                                                                   
KIA Motors                                    2.93%                
                                                                   
Cheung Kong Holdings                          2.90%                

Ordinary Shares unless otherwise stated.

* Subject to successful settlement of trades outstanding on the relevant date.

This announcement is made in accordance with Paragraph 21.20(l)(ii) of the
Listing Rules.

INVESCO Asset Management Limited

5 January 2004