AMVESCAP Names Mark Armour To Lead Worldwide Institutional Business.

LONDON -- AMVESCAP PLC (NYSE:AVZ) (LSE:AVZ) (TSX:AVZ) today announced that Mark Armour has been named senior managing director and head of its Worldwide Institutional business reporting to Martin L. Flanagan, AMVESCAP president and CEO. In this role, Mr. Armour, 53, succeeds John Rogers, AMVESCAP senior managing director, who has announced his resignation from the company and its Board of Directors.

"Mark brings tremendous experience to his new role from Australia, where he led a major turnaround of our business in one of the world's most competitive institutional markets," said Mr. Flanagan. "With his demonstrated leadership ability, broad experience in the investment management industry and his proven investment expertise, Mark will strengthen our management team as we work to build value for our clients and shareholders."

"I am very excited by the opportunity we have to further expand the distribution of our excellent investment capabilities for the benefit our clients, our shareholders and our people," said Mr. Armour.

Most recently, Mr. Armour served as head of Sales & Service for AMVESCAP's Worldwide Institutional business. He was appointed chief executive officer of INVESCO Australia in September 2002. Prior to joining INVESCO, Mr. Armour held significant leadership roles in the funds management business, both in Australia and Hong Kong. He previously served as chief investment officer for ANZ Investments and spent almost 20 years with the National Mutual/AXA Australia Group, where he was chief executive, Funds Management from 1998 to 2000.

AMVESCAP is a leading independent global investment manager, dedicated to helping people worldwide build their financial security. Operating under the AIM, AIM Trimark, Atlantic Trust, INVESCO, Invesco Perpetual, PowerShares and WL Ross & Co. brands, AMVESCAP strives to deliver outstanding products and services through a comprehensive array of enduring investment solutions for our retail, institutional and private wealth management clients around the world. The company is listed on the London, New York and Toronto stock exchanges with the symbol "AVZ." Additional information is available at www.amvescap.com.

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