Conversion of Securities

 
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INVESCO PERPETUAL SELECT TRUST PLC 
 
 
 
Headline: Conversion of Shares 
 
The Board of Invesco Perpetual Select Trust plc (the `Company') announces that 
valid Conversion Notices have been received or deemed to have been received in 
respect of: 
 
        469,508 UK Equity Shares 
 
        194,322 Global Equity Shares 
 
      3,014,074 Elected Hedge Fund Shares 
 
      1,197,046 Managed Liquidity Shares 
 
The respective Conversion Ratios were as follows: 
 
  * For every UK Equity Share converted, holders will receive 0.81412 Global 
    Equity Shares, 0.71317 Hedge Fund Shares or 0.71585 Managed Liquidity 
    Shares; 
 
  * For every Global Equity Share converted, holders will receive 1.22832 UK 
    Equity Shares, 0.87601 Hedge Fund Shares or 0.87929 Managed Liquidity 
    Shares; 
 
  * For every Elected Hedge Fund Share converted, holders will receive 1.40218 
    UK Equity Shares, 1.14154 Global Equity Shares or 1.00375 Managed Liquidity 
    Shares; 
 
  * For every Managed Liquidity Share converted, holders will receive 1.39694 
    UK Equity Shares, 1.13728 Global Equity Shares or 0.99626 Hedge Fund 
    Shares. 
 
The Conversion Ratios are based on the relative net asset values of the 
Company's Share classes as at close of business on 24 April 2009. 
 
 
 
Individual Shareholders' entitlements on conversion will be rounded down to the 
nearest whole number of Shares. Fractional entitlements will be aggregated and 
sold in the market. The Shares arising or allotted pursuant to the conversion 
will rank pari passu with the existing Shares of the relevant class and, for 
the avoidance of doubt, will not rank for the dividends declared on 16 April 
2009 in respect of the UK Equity, Global Equity and Managed Liquidity Shares. 
 
The net changes to the number of shares outstanding following the conversion 
and allotments are as follows: 
 
     +1,462,255 UK Equity Shares 
 
     +1,532,843 Global Equity Shares 
 
     -2,883,807 Hedge Fund Shares 
 
       +500,048 Managed Liquidity Shares 
 
       +135,588 Deferred Shares 
 
Following the conversion, the total number of listed Shares in issue (excluding 
shares held in treasury) will be: 
 
 
 
      46,339,294 UK Equity Shares 
 
      35,957,118 Global Equity Shares 
 
      15,853,901 Hedge Fund Shares; and 
 
      19,809,100 Managed Liquidity Shares 
 
 
 
The Company has applied for following numbers of Shares arising or allotted 
pursuant conversion (other than the Deferred Shares) to be admitted to the 
Official List and to trading on the London Stock Exchange. Dealings in such 
shares are expected to commence at 8.00 a.m. on 1 May 2009.  It is expected 
that Certificates in respect of the Resulting Shares will be posted by 11 May 
2009. 
 
       1,931,763 UK Equity Shares 
 
       1,727,165 Global Equity Shares 
 
         130,267 Hedge Fund Shares; and 
 
       1,697,094 Managed Liquidity Shares 
 
The Deferred Shares, which have negligible economic value, will be purchased by 
the company for a nominal sum and cancelled. 
 
30 April 2009 
 
Contact: Angus Pottinger 020 7065 3714 
 
 
 
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