Invesco

June 6, 2008

Sandler O’Neill Global Exchange and Electronic Trading Conference

Colin Meadows, CAO

22

Forward-Looking StatementsThis presentation may include statements that constitute "forward-looking statements" under the United States securities laws. Forward-looking statements include information concerning possible or assumed future results of our operations, earnings, liquidity, cash flow and capital expenditures, industry or market conditions, assets under management, acquisition activities and the effect of completed acquisitions, debt levels and the ability to obtain additional financing or make payments on our debt, regulatory developments, demand for and pricing of our products and other aspects of our business or general economic conditions. In addition, when used in this  release, words such as "believes," "expects," "anticipates," "intends," "plans," "estimates," "projects" and future or conditional verbs such as "will," "may," "could," "should," and "would" and any other statement that necessarily depends on future events, are intended to identify forward-looking statements.

Forward-looking statements are not guarantees of performance. They involve risks, uncertainties and assumptions. Although we make such statements based on assumptions that we believe to be reasonable, there can be no assurance that actual results will not differ materially from our expectations. We caution investors not to rely unduly on any forward-looking statements. In connection with any forward-looking statements, you should carefully consider the areas of risk described in our most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q, as filed with the United States Securities and Exchange Commission (“SEC”). You may obtain these reports from the SEC’s Web site at www.sec.gov. We expressly disclaim any obligation to update any of the information in this or any other public disclosure if any forward-looking statement later turns out to be inaccurate, whether as a result of new information, future events or otherwise.

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Mission: Helping people worldwide build their financial security

Who We AreA global leader in investment management

We’re one of the world’s leading independent global investment management firms.

We draw on the strength of many resources:— $470.3 (U.S.) billion in assets under management— Client support in 20 countries serving clients in more than 100 countries— 13 specialized investment centers— More than 5,000 employees worldwide— More than 500 investment professionals

We deliver on a single focus: investment management.

We have the leadership, resources and integrity to look after our clients’ interests:

— Long history of managing assets for clients on a global basis— Publicly traded on New York Stock Exchange with $10.3 billion in

market capitalization

All data as of March 31, 2008, unless otherwise noted. Source: Invesco Ltd.

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2007-2008 Summary Industry Trends

We Identified A Set of Key Trends That Appear To Be Shaping The Future of Our Industry

Shifting Demographics… ageing population in developed world increasing focus on retirement assets

Total Relationship Focus… sophisticated global distributors looking at multiple factors in addition to investment performance

Separation of Alpha & Beta… continued acceptance and growth of “alternatives”, ETF’s, and structured products

Globalization of Investment Markets… steady growth in “established” markets augmented by rapid growth in demand from “emerging” markets

Scale and Relevance… asset flows and operating efficiency appear to benefit from increased scale and relevance to distributors

War for Talent… effectiveness in developing and retaining high performance organization increasingly critical to long term success

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The Markets Are Global and So is Our Company

Our Aspiration: Take advantage of

our world of opportunityto become a premier

global investment management firm

Unlock the power of our global operating platform

2 Deliver our investment capabilities anywhere in the world to meet client needs

Achieve strong investment performance

1

Build a high- performance organization

4

3

Our Strategic Priorities

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The Value We Deliver to Our Clients

1 Commitment to investment excellenceClearly articulated investment disciplines aligned with client expectations and underpinned by diligent oversight and rigorous quality control processes

2 Specialized investment expertise globallyDistinctive investment teams designed around unique asset class, product or regional expertise

3 Diversified strategiesInvestment solutions across all major equity, fixed-income and alternative asset classes

4 Multiple delivery vehiclesInvestment strategies delivered to clients through various packaging options

5 Global reachDistributional and operational strength and breadth to deliver solutions independently and objectively through local knowledge and brands

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Commitment to Investment Excellence

A focus on delivering investment quality is inherent to our mission.

Achieving strong investment performance is our top strategic priority.

Our operating structure puts investments at the heart of our activity for the benefit of our clients.

We’re dedicated to attracting and retaining top investment talent.

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Specialized Investment Capabilities Globally Investment management team networkEach of Invesco’s investment centers adheres to clearly defined investment strategies and philosophies intended to align with client expectations. Harnessing the distinct expertise at each center, Invesco’s teams draw on the strength of global resources and independent vision provided by:

Invesco Aim

Houston Austin Denver San Francisco Investment focus: U.S., international and global equities

Investment Prof: 75

AUM: $66.4 billion

Aim Trimark

Toronto Investment focus: Canadian equities, global equities, int’l equities and fixed incomeInvestment Prof: 27

AUM: $36.9 billion

Invesco Asia-Pacific

Melbourne Tokyo Hong Kong Taipei, Taiwan Shenzhen, China Investment focus: Asian Ex-Japanese, Greater Chinese, Japanese and Australian equities

Investment Prof: 61

AUM: $26.4 billion

Invesco Global Equity

Atlanta Investment focus: Global and international equities

Investment Prof: 19AUM: $14.1 billion

Invesco Real EstateDallas New York San Francisco Atlanta Newport Beach London Munich Hong Kong Prague Paris Madrid Investment focus: Global direct real estate investing and public real estate investing

Investment Prof: 106

AUM: $26.3 billionInvesco PowerShares

Chicago Investment focus: ETFs

Investment Prof: 7AUM: $12.9 billion

Atlantic Trust

Boston Atlanta Chicago New York Investment focus: High-net-worth multimanagement

Investment Prof: 31

AUM: $16.6 billion

Invesco Multiple-Asset Strategies

Atlanta Investment focus: Global overlay strategies and tactical asset allocation

Investment Prof: 6

AUM: $3.2 billion

Invesco Perpetual

Henley

Investment focus: U.K. equities, fixed income and European equities

Investment Prof: 43

AUM: $73.3 billion

Invesco Private Capital

New York Denver San Francisco Investment focus: Fund of funds and venture capital private equities

Investment Prof: 10

AUM: $2.4 billion

WL Ross & Co.

New York Tokyo Mumbai Investment focus: Distressed and restructuring private equities

Investment Prof: 13

AUM: $6.7 billion

Data as of March 31, 2008

Note: The listed centers do not all provide products or services that are available in the U.S., nor are their products and services available on all platforms. Not all of the Invesco brands listed are available in all countries, nor are they available on all platforms. Please consult with your Invesco representative for more information on any of our brands mentioned. Source: Invesco Ltd.

• The stability of $470 billion in assets under management (AUM)

• More than 500 investment professionals worldwide• Investment centers operating in 25 cities in 12

countries• Client support in 20 countries• The value of a single focus — managing our clients’

money

Invesco Quantitative Strategies

New York Boston Frankfurt Investment focus: Quantitative active, enhanced and long/short strategies

Investment Prof: 56

AUM: $28.6 billion

Invesco Worldwide Fixed Income

Louisville Houston New York London Frankfurt Melbourne Investment focus: Money market, stable value, global fixed income and alternatives/financial structuresInvestment Prof: 120AUM: $156.5 billion

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• Institutional separate accounts• Collective trusts• Mutual funds (onshore &

offshore)• Exchange-traded funds (ETFs)• Private placements• Sub-advised• SMA/UMA• Variable insurance funds

Delivered the Way Our Clients Want

Invesco Delivers Investment Strategies That Meet Our Clients’ Diverse Needs

Diversified Investment Strategies

Equity • Market cap• Investment style• Global/regional/single

country• Developed/Emerging• Sector• Quantitative

Asset Allocation• Traditional balanced• Target maturity• Target risk

Fixed Income and Cash• Duration• Quality• Sector• Global/regional/single

country• Developed/Emerging• Taxability

Alternatives• Real Estate

– Public real estate securities– Private direct real estate– US, Asian, European, Global

• Private Equity– Direct

Distressed– Fund of Funds

Buyout, VC, Emerging• Absolute Return

− Market Neutral− GTAA− Active Currency− Multi-strategy− Alternative Beta

• Directional Long/Short (130/30)• Financial Structures

− CDO/CLO/CSO− Opportunistic

• Commodities/ Natural Resources• Customized solutions

− Portable alpha− Liability-driven

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13%

19%8%

46%

6%

8%

Strength Through Diversification – AUM By Asset Classes

$215.2B

$37.2B

$87.3B

$40.2B

$30.2B

$60.2B

$470.3BTotal

Equities

Money Market

Fixed Income

Stable Value

Alternatives

Equity

Balanced

Money Market

Fixed Income

Stable Value

Alternatives

5%

13%11%

46%

12%

13%

Equities

Money Market

Fixed Income

Stable Value

Alternatives

$177.5B

$41.2B

$50.3B

$49.3B

$46.8B

$21.2B

$386.3BTotal

Equity

Balanced

Money Market

Fixed Income

Stable Value

Alternatives

21%

(10%)

74%

(18%)

(35%)

184%

22%

2005-08 change

Balanced Balanced

March 31, 2008 AUM – $470.3BDecember 31, 2005 AUM – $386.3B

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Strength Through Diversification – AUM By Channels

$224.8B

$228.7B

$16.8B

$470.3BTotal

Institutional

Retail

High Net Worth

$179.8B

$190.2B

$16.3B

$386.3BTotal

Institutional

Retail

High Net Worth

25%

20%

3%

22%

2005-08 change

48%49%

3%

49%

4%

47%

Retail**

Institutional*

High Net Worth

Institutional*

Retail**

* Includes separate accounts, collective funds, and investment trusts, includes the AIM Institutional cash assets** Includes open-end funds, closed-end funds, wrap account, and sub-advised accounts 100

March 31, 2008 AUM – $470.3BDecember 31, 2005 AUM – $386.3B

High Net Worth

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Strength Through Diversification – AUM By Client Domicile

$281.7B$81.8B$33.0B$42.1B$31.7B

$470.3BTotal

United StatesUnited KingdomEuropeCanadaAsia

$235.6B$53.6B$32.0B$42.2B$22.9B

$386.3BTotal

United StatesUnited KingdomEuropeCanadaAsia

19%53%

3%(0.2)%

38%

22%

2005-08 change

7%

9%

60%

7%

17%

5%

11%

62%

8%

14%

United States

United

Kingdom

Canada

Asia

EuropeUnited States

United

Kingdom

Canada

Asia

Europe

March 31, 2008 AUM – $470.3BDecember 31, 2005 AUM – $386.3B

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A Leader in Global Investment Management

0 10 20 30 40 50 60

Wellington

Morgan Stanley

Pyramis

Loomis, Sayles

TCW

PIMCO

ING

Franklin Templeton

Western Asset

State Street Global

BlackRock

Goldman Sachs

Alliance Bernstein

J.P. Morgan

Barclay's

AIG

Invesco

Lazard

%

Source: eVestment Alliance, Empirical Research Partners Analysis.

Large U.S.-Based Asset Managers With Global Client Bases Share of Client Assets From Outside the U.S. As of Year-End 2007

Invesco

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Invesco is positioned to capture assets in key markets

*Source: Cerulli. Data as of June 30, 2007. The top 10 markets listed are those with the highest projected 2011 AUM. Includes mutual fund and retirement assets only.**Source: Invesco Ltd. Data as of March 31, 2008. ***All asset figures provided in US Dollars

Top 10 Markets with Highest Projected Assets Available to Outside Managers

$34,866

$6,510

$2,116

$1,877

$1,804

$1,669

$1,630

$1,560

$1,043

$878

($ b

illi

on

s)

2006–2011 Country 2011 AUM(E) CAGR (E) Invesco Presence**

8.9%

8.9%

11.3%

6.8%

8.7%

6.2%

8.9%

5.7%

5.9%

9.9%

1515

Annual Long-Term and Institutional Money Market Flows

66.385.8

119.9

20.8

-82.5 -87.2

-29.2

-123.3

-$8.4-$3.4-$16.2

-$1.4

-140

-90

-40

10

60

110

2005 2006 2007 1Q08YTD

Gross sales

Gross redemptions

Net sales

Annual Long-Term Flows ($ billions) Growth in Institutional Money Market ($ billions)

* Stable value excluded beginning April 1, 2007

80.774.4

60.6

47.8

9.610.612.8

0.60

10

20

30

40

50

60

70

80

90

2005 2006 2007 1Q08 YTD0

5

10

15

20

25

30

16

Below Benchmark 3Qtl or 4Qtl

30%

Above Benchmark

1Qtl and 2Qtl70%

Above Benchmark

1Qtl and 2Qtl72%

Below Benchmark 3Qtl or 4Qtl

28%

Investment Performance – OverviewAsset Weighted 3-Year Performance

Rated AUM as of March 31, 2008 was $358.8bn. Rated AUM as of December 31, 2007 was $380.0 billion. Unrated assets as of March 31, 2008 $112.6bn: Private Wealth: 17bn, CDOs: 13bn, US Institutional: 7bn, Private Equity: 5bn, Real Estate : 22bn, Stable Value + Div. FI: 30bn, SPG 8bn, Other assets: 10bn

Includes rated AUM of $380.0bn

December 31, 2007

Includes rated AUM of $358.8bn

March 31, 2008

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Improving Operating Results

386

463

500470

300

350

400

450

500

550

2005 2006 2007 YTD1Q08

Assets and Flows

IVZ % Change(06/30/05 – 03/30/08)

Assets under management and Net Flows ($ billions)

228

994

759

408

2005 2006 2007 YTD1Q08

Operating income ($ millions) Net Operating margin* (%)

35.936.032.5

23.0

2005 2006 2007 YTD1Q08

Net Flows ($bn)

$(16.2) ($1.4) ($3.4) $(8.4)*

*See the Schedule of Non-GAAP Information in the appendix of this presentation for a reconciliation of net operating margin to the most directly comparable US GAAP financial measure.

0%

25%

50%

75%

100%

125%

150%

175%

2005 2006 2007

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Well Positioned for Growth

Invesco is a strong global firm

We are building real momentum in terms of:— Investment performance— Assets and flows— Business performance

Delivering the combined power of our distinctive worldwide investment management capabilities adds substantial value for our clients

We are committed to achieving investment excellence

Led by a powerful strategy …that delivers on our aspiration to become a premier global investment management organization

Questions & Answers

June 6, 2008

Sandler O’Neill Global Exchange and Electronic Trading Conference

Colin Meadows, CAO

20

Schedule of Non-GAAP Information1Q08 2007 2006 2005

Operating revenues, GAAP basis $910.4 $3,878.9 $3,246.7 $2,872.6

Third-party distribution, service and advisory costs (247.1) (1,051.1) (826.8) (706.0)

Proportional share of revenues, net of third-party distribution fees, from joint venture investments 20.9 60.6 8.1 --

Net revenues(1) $684.2 $2,888.4 $2,428.0 $2,166.6

Operating income, GAAP basis $228.1 $994.3 $759.2 $407.9

Proportional share of operating income from joint venture investments

17.2 45.5 2.9 --

Net operating income(1) $245.3 $1,039.8 $762.1 $407.9

Operating margin* 25.1% 25.6% 23.4% 14.2%

Net operating margin**(1) 35.9% 36.0% 31.4% 18.8%

* Operating margin is equal to operating income divided by operating revenues.** Net operating margin is equal to net operating income divided by net revenues.

(1) Net revenues, net operating income and net operating margin are non-GAAP financial measures. Management believes that these measures are additional meaningful measures to evaluate our operating performance. The most comparable U.S. GAAP measures are operating revenues, operating income and operating margin. Management believes that the deduction of third-party distribution, service and advisory costs from operating revenues in the computation of net revenues and the related computation of net operating margin provides useful information to investors because the distribution, service and advisory fee amounts represent costs that are passed through to external parties, which essentially are a share of the related revenues.  Management also believes that the addition of our proportional share of operating revenues, net of distribution fees, from joint venture investments in the computation of net revenues and the addition of our proportional share of operating income in the related computations of net operating income and net operating margin also provides useful information to investors, as management considers it appropriate to evaluate the contribution of its growing joint venture investment to the operations of the business. Net revenues, net operating income and net operating margin should not be considered as substitutes for any measures derived in accordance with U.S. GAAP and may not be comparable to other similarly titled measures of other companies.

($ Millions)