PJI Perpetual Jap.

    Perpetual Japanese Investment Trust plc                    

HEADING: Top 10 Investments

Perpetual Japanese Investment Trust plc announces that, as at 30 June 2007, its
top ten investments were as follows:

Investments at 5% and over of total assets               
                                                         
EAST JAPAN RAILWAY COMPANY                               
                                                         
WEST JAPAN RAILWAY COMPANY                               
                                                         
NISSAN MOTOR COMPANY LIMITED                             
                                                         
HONDA MOTOR COMPANY                                      
                                                         
TAKEDA PHARMACEUTICALS                                   
                                                         
ASTELLAS PHARMACEUTICALS                                 
                                                         
LAWSON INC                                               
                                                         
Investments under 5% of total assets                     
                                                         
KAO CORPORATION                                          
                                                         
NTT DOCOMO                                               
                                                         
TOKYO GAS COMPANY                                        

Ordinary Shares unless otherwise stated.

This information is based on the most recent available valuation, as at 30 June
2007.

This announcement is made in accordance with UKLA Listing Rule 15.4.11(2).

INVESCO Asset Management Limited

3 July 2007

                      



END

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