INVESCO Asset Management Limited                        

HEADLINE: Net Asset Value

It is announced that at the close of business on 8 January 2004, the unaudited
net asset value per share (AITC basis) of the following investment trust
company managed by INVESCO Asset Management Limited is:-

Company                                      Undiluted Diluted Undiluted Diluted
                                                                                
                                               Capital Capital       Cum     Cum
                                                                                
                                               (pence) (pence)    Income  Income
                                                                                
                                                                 (pence) (pence)
                                                                                
INVESCO Perpetual European Investment Trust     126.98       -    Note 1       -
plc                                                                             

Note:

1. The NAV including pro rata income for the financial year is not announced as
there is currently no expectation that there will be any income to distribute.

END