Top 10 Investments

INVESCO Asia Trust plc                             

HEADING: Top 10 Investments

INVESCO Asia Trust plc announces that, as at 31 March 2004, its top ten
investments were as follows:

Investments over 5% of total assets                      
                                                         
Samsung Electronic                                       
                                                         
Investments under 5% of total assets                     
                                                         
UTD Micro Elect                                          
                                                         
Shinhan Financial                                        
                                                         
SK Telecom                                               
                                                         
KIA Motors                                               
                                                         
Australia & New Zealand Bank Group                       
                                                         
United Overseas Bank                                     
                                                         
Kookmin Bank                                             
                                                         
Cheung Hong (Holdings)                                   
                                                         
CJ Corporation                                           

Ordinary Shares unless otherwise stated.

This information is based on the most recent available valuation, as at 31
March 2004.

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

INVESCO Asset Management Limited

2 April 2004