TR-1 (i) NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Identity of the issuer or the underlying     Invesco Perpetual UK Smaller
issuer of existing shares to which voting       Companies Investment Trust plc
rights are attached (ii):

2. Reason for the notification (Please tick              State Yes/No
appropriate boxes):

An acquisition or disposal of voting rights                    X

An acquisition or disposal of financial
instruments which may

result in the acquisiiton of shares already
issued to which voting rights are attached

An event changing the breakdown of voting
rights

Other (please specify):

3. Full name of person(s) subject to the        Lazard Asset Management LLC
notification obligation (iii):

4. Full name of shareholder(s) (if different    Bank of New York, Inc - Dir Personal
from 3.) (iv):
                                                JP Morgan Chase - SWIFT

                                                Mellon Trust

                                                Morgan Guaranty - Personal Custody

                                                Northern Trust Co

                                                State Street Bank- Custodian - ETC

                                                State Street Bank - Master Tr - ETC

                                                State Street Bank - Custody Master Trust

5. Date of the transaction (and date on which   14 January 2014
the threshold is

crossed or reached if different) (v):

6. Date on which issuer notified:               15 January 2014

7. Threshold(s) that is/are crossed or reached: Decrease from 10% to 9%

8. Notified details:

A: Voting rights attached to shares

Class/type   Situation previous     Resulting situation after the triggering
of shares if  to the triggering                transaction (vii)
possible      transaction (vi)
using the
ISIN CODE

             Number of Number of Number of  Number of voting     % of voting
              Shares    Voting    shares         rights            rights
                        Rights
                        (viii)                    (ix)

                                  Direct    Direct  Indirect   Direct  Indirect
                                                       (x)
                                             (x)

GB00B1FL3C76 6,433,623 5,326,740                    5,226,740          9.823%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction (xii)

Type of          Expiration       Exercise/     Number of voting   % of voting
financial       date (xiii)   Conversion Period  rights that may     rights
instrument                       /Date (xiv)     be acquired if
                                                the instrument is
                                                   exercised/
                                                    converted


Total (A+B)

Number of voting rights                 % of voting rights

5,226,740                               9.823%

9. Chain of controlled undertakings through which the voting rights and/or the
financial

instruments are effectively held, if applicable (xv):

Lazard Asset Management LLC controls all the voting rights held of this issuer.

Proxy Voting:

10. Name of the proxy holder:                      N/A

11. Number of voting rights proxy holder will
cease to hold:

12. Date on which proxy holder will cease to hold
voting rights:

13. Additional information:

14. Contact name:                                  Legal & Compliance
                                                   Department

15. Contact telephone number:                      0207 448 2165