Net Asset Value(s)

Invesco Perpetual UK Smaller Companies Trust plc As at close of business on 26-June-2017 NAV per Ordinary share (unaudited) with Debt at Par & Fair Value EXCLUDING undistributed current year revenue 496.27p INCLUDING current year revenue 502.79p 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 deducting thefixed costs of the Tender Offer and taking into account the exit chargecalculated as 1.5% of the Tender Offer Formula Asset Value (which is appliedfor the benefit of the Continuing shareholders). LEI: 549300K1D1P23R8U4U50 ---