INVESCO Asset Management Limited
HEADLINE: Net Asset Values
It is announced that at the close of business 31 August 2005, the unaudited net
asset value per share (AITC basis) of the following investment trust companies
managed by INVESCO Asset Management Limited are:-
NAVs with Debt at Par & Fair Value
Company Undiluted Diluted Undiluted Diluted
Capital Capital Cum Cum
(pence) (pence) (pence) (pence)
Perpetual Japanese Investment Note 1 49.00 - Note 2 -
INVESCO Perpetual European Note 1, 3 164.65 - 167.09 -
INVESCO Perpetual UK Smaller Note 1, 3,4 798.79 - 804.35 -
Investment Trust plc
INVESCO Asia Trust plc Note 1 75.30 - Note 2 -
INVESCO Income Growth Trust Debt at Par 204.73 197.99 Note 2 -
Debt at Fair 204.76 197.99
Perpetual Income and Growth Debt at Par 224.00 214.12 226.48 216.21
Debt at Fair 222.80 213.12 225.28 215.20
Trust plc Note 3 Value
Keystone Investment Trust plc Debt at Par 1026.16 - 1044.18 -
Debt at Fair 978.35 996.37
INVESCO English and Debt at Par 315.34 - Note 2
International Trust plc
Debt at Fair 303.24
1. For these Companies the fair value of debt is not materially different from
the carrying value.
2. No cum income NAV is published for these Companies.
3. The NAVs above include a provision for performance fee, where applicable.
4. The NAV for INVESCO Perpetual UK Smaller Companies Investment Trust plc
shown above is on a mid market basis. The effect on the undiluted capital NAV
above of valuing the investments on a fair value (bid basis) would be a
reduction of 4.5p or 0.6%.
1 September 2005