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 December 2005, its top ten investments were as follows:

Investments over 5% of total assets                      
                                                         
None                                                     
                                                         
Investments under 5% of total assets                     
                                                         
VT GROUP PLC                                             
                                                         
DIGNITY PLC                                              
                                                         
FENNER PLC                                               
                                                         
NORTHGATE PLC                                            
                                                         
SIG PLC                                                  
                                                         
RPS GROUP PLC                                            
                                                         
CHARLES TAYLOR CONSULTING PLC                            
                                                         
HISCOX PLC                                               
                                                         
MEGGITT PLC                                              
                                                         
CHEMRING GROUP PLC                                       

Ordinary Shares unless otherwise stated.

This information is based on the most recent available valuation, as at 31
December 2005.

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

INVESCO Asset Management Limited

3 January 2006