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

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

       

    2. Reason for the notification (Cross appropriate                                       
    boxes):                                                                                 
                                                                                            
     An acquisition or disposal of voting rights                          X                 
                                                                                            
     An acquisition or disposal of financial instruments                                    
    which may                                                                               
     result in the acquisition 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 from    JP Morgan Chase - SWIFT            
    3.) (iv):                                            Mellon Trust                       
                                                         Northern Trust Co                  
                                                         State Street Bank - Master Tr - ETC
                                                         State Street Bank - Custody Master 
                                                         Trust                              
                                                                                            
    5. Date of the transaction (and date on which the    23 January 2017                    
    threshold is                                                                            
       crossed or reached if different) (v):                                                
                                                                                            
    6. Date on which issuer notified:                    24 January 2017                    
                                                                                            
    7. Threshold(s) that is/are crossed or reached:      Increase from 9% to 10%            
                                                                                            
    8. Notified details:                                                                    

    A:  Voting rights attached to shares

    Class/type of    Situation previous to   Resulting situation after the triggering transaction  
    shares if           the triggering                               (vii)                         
    possible using     transaction (vi)                                                            
    the ISIN CODE                                                                                  
                                                                                                   
                     Number of   Number of   Number of     Number of voting     % of voting rights 
                      Shares      Voting      shares            rights                             
                                  Rights                         (ix)                              
                                  (viii)                                                           
                                                                                                   
                                              Direct      Direct    Indirect     Direct   Indirect 
                                                           (x)         (x)                         
                                                                                                   
    GB00B1FL3C76                4,896,872                          5,338,040              10.032%  

    B:  Qualifying Financial Instruments

    Resulting situation after the triggering transaction (xii)

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

       

    Total (A+B)                                                                              
                                                                                             
    Number of voting rights                      % of voting rights                          
                                                                                             
    5,338,040                                    10.032%                                     

    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:                                         Kelly Nice                      
                                                                                              
    15. Contact telephone number:                             020 3753 1000