Net Asset Value(s)

Invesco Perpetual UK Smaller Companies Trust plc As at close of business on 19-June-2017 NAV per Ordinary share (unaudited) with Debt at Par & Fair Value EXCLUDING undistributed current year revenue 501.81p INCLUDING current year revenue 508.29p The fair value of debt is not materially different from the carrying value. The NAV includes a provision for any performance fee applicable. The above NAVs are those of the Continuing shares, and are after deductingthe fixed costs of the Tender Offer and taking into account the exit chargecalculated as 1.5% of the Tender Offer Formula Asset Value (which isapplied for the benefit of the Continuing shareholders) LEI: 549300K1D1P23R8U4U50

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