Portfolio Update

INVESCO Perpetual UK Smaller Companies Investment Trust Plc          

HEADING: Top 10 Investments

INVESCO Perpetual UK Smaller Companies Investment Trust Plc announces that, as
at 31 March 2006, its top ten investments were as follows:

Investments of 5% and over of total assets               
                                                         
NONE HELD                                                
                                                         
Investments under 5% of total assets                     
                                                         
VT GROUP Plc                                             
                                                         
FENNER Plc                                               
                                                         
NORTHGATE Plc                                            
                                                         
CHEMRING GROUP Plc                                       
                                                         
SIG Plc                                                  
                                                         
DIGNITY Plc                                              
                                                         
RPS GROUP Plc                                            
                                                         
HOMESERVE Plc                                            
                                                         
AMLIN Plc                                                
                                                         
CARILLION Plc                                            

Ordinary Shares unless otherwise stated.

This information is based on the most recent available valuation, as at 31
March 2006.

This announcement is made in accordance with UKLA Listing Rule 15.4.11(2).

INVESCO Asset Management Limited

4 April 2006