Transaction in Own Shares

INVESCO Perpetual UK Smaller Companies Investment Trust plc          

HEADLINE: Purchase of Own Securities

The Company announces that, on 21 March 2005, it repurchased for cancellation
20,000 ordinary shares of £1 each at 614p per share.

Following this repurchase 13,913,206 ordinary shares of £1 remain outstanding.

21 March 2005

Contacts:

Tim Mitchell ) 020 7065 4000
Andrew Watkins )