AMVESCAP PLC Elects Edward Lawrence a Non-Executive Director Markwalter, Ridley Named to Executive Management Committee.

LONDON, Ireland -- AMVESCAP PLC today announced Edward P. Lawrence, 62, has been elected a non-executive member of the Board of Directors. Mr. Lawrence, a partner at the Boston law firm Ropes & Gray, has broad experience in matters related to the Investment Company Act, the Investment Advisors Act of 1940 and venture capital, and heads the investment committee of the firm's Trust Department.

"We look forward to benefiting from Ed Lawrence's wisdom and extensive industry experience as he joins our Board," said Charles W. Brady, executive chairman of AMVESCAP. "Ed's legal background, management insight and leadership will prove valuable."

With the addition of Mr. Lawrence, the Board consists of 13 members, eight of whom are independent.

He will be joining the Audit, Remuneration and Nomination and Corporate Governance committees. There is nothing further to disclose for Mr. Lawrence pursuant to Rule 16.4 of the Listing Rules of the U.K. Listing Authority. Mr. Lawrence will be standing for election for a full term at the next Annual General Meeting in April 2005. At the date of his appointment, Mr. Lawrence held no AMVESCAP PLC ordinary shares.

Mr. Lawrence graduated from Harvard College and earned a J.D. from Columbia University Law School. He serves on the board of the Attorneys' Liability Assurance Society, Ltd., is Chairman of the Board of the Massachusetts General Hospital, Boston and is Trustee of both Partners Healthcare System, Inc. in Boston and McLean Hospital in Belmont, MA.

The Company has named two of its executives to AMVESCAP's Executive Management Committee, the senior management body that oversees and supervises the business and strategy of AMVESCAP around the world. Joining the committee are Jack Markwalter, 45, CEO of Atlantic Trust, the company's private wealth management division, and David Ridley, 51, CEO of the INVESCO Division's Alternatives Group.

"David Ridley and Jack Markwalter have both done a superb job of building businesses that contribute to the success of AMVESCAP," said Brady. "David has managed the steady growth of our real estate investment business and has overseen its recent expansion into Europe. Jack has skillfully managed the expansion of our private wealth management business including the recent integration of Stein Roe Investment Counsel. Their experience and the perspectives they bring will be a welcome addition to the Executive Management Committee."

AMVESCAP is a leading independent global investment manager dedicated to helping people worldwide build their financial security. Operating under the AIM, INVESCO and Atlantic Trust brands, AMVESCAP strives to deliver outstanding products and services through a comprehensive array of retail and institutional products for 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.