HEADLINE:              Portfolio Disclosure

    The portfolio of investments as at 31 October 2016 is now available and can be
    accessed via the following website:

    www.invescoperpetual.co.uk/investmenttrusts

    Please note that the above link will take you to a directory of the investment
    companies managed by Invesco Perpetual.  You will need to select the relevant
    company or share class on this directory in order to access its portfolio data.

    The portfolio data on the website will be updated at the beginning of each
    month.

    Invesco Asset Management Limited
    Corporate Company Secretary

    03 January 2017