AIM Private Asset Management Announces Agreement With London Pacific Advisors.

Business Editors

HOUSTON--(BUSINESS WIRE)--June 28, 2001

AIM Private Asset Management, Inc. (APAM), a subsidiary of A I M Management Group Inc. (AIM), has announced it has reached an agreement to have AIM's privately managed investment styles offered through London Pacific Advisors' managed account program. AIM is a subsidiary of AMVESCAP PLC (NYSE:AVZ), one of the world's largest independent investment managers.

APAM, the private account division of AIM, focuses on high-net-worth and institutional clients by offering personalized investment styles managed by the same investment teams responsible for many of AIM's retail funds. These private asset management styles are offered through financial advisors seeking a personalized product tailored to their high-net-worth clients' specific investment objectives.

London Pacific will offer APAM's Basic Value and Mid Cap Core portfolios on its "premier list" of investment options for its financial advisors. London Pacific Advisors (LPA) is a wholly owned subsidiary of London Pacific Group Limited (NYSE:LDP) (LSE:LPG). LPA has been a leading provider of fee-based services since 1983 with an emphasis on asset consulting. LPA offers its services through its innovative and comprehensive online platform, myOfficeOnline(SM).

Years of strategic planning and disciplined growth have made AIM one of the nation's 10 largest money managers in assets under management, according to independent investment industry monitor Strategic Insight, with approximately $154 billion in assets under management as of March 31, 2001. AMVESCAP PLC had $370 billion in assets under management as of March 31, 2001.

For more information about APAM, access its Web site at www.aimprivateassetmgmt.com.