Top 10 Investments

INVESCO Asia Trust plc                             

HEADING: Top 10 Investments

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

Investments over 5% of total assets                      
                                                         
NIL                                                      
                                                         
Investments under 5% of total assets                     
                                                         
SAMSUNG ELECTRONICS CO., LTD                             
                                                         
NEW WORLD DEVELOPMENT COMPANY LTD                        
                                                         
AUSTRALIA & NEW ZEALAND BANKING GROUP LTD                
                                                         
JARDINE MATHESON HOLDINGS LTD                            
                                                         
ASUSTEK COMPUTER INC                                     
                                                         
HYUNDAI MOBIS                                            
                                                         
UNITED OVERSEAS BANK LTD                                 
                                                         
CJ CORPORATION                                           
                                                         
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD                
                                                         
SATYAM COMPUTER SERVICES LTD                             

Ordinary Shares unless otherwise stated.

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

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

INVESCO Asset Management Limited

5 January 2005