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AMWAY ASIA PACIFIC ANNOUNCES SECOND QUARTER DIVIDEND; JOHN CHAN ELECTED TO BOARD OF DIRECTORS

HONG KONG, April 10 /PRNewswire/ -- Amway Asia Pacific Ltd. (NYSE: AAP; ASX: AMW) has declared a quarterly dividend of $.18 per share payable on May 15, 1996 to shareholders of record at the close of business on April 26, 1996. Dividends payable to shareholders of record in Australia and New Zealand will be paid in Australian dollars using the exchange rate of April 26, 1996. The dividend reflects an increase of 12.5 percent over the $.16 declared for the second quarter of last year.

The Company announced that Mr. John C.C. Chan ,Managing Director of The Kowloon Motor Bus Company (1933) Limited, has been elected to the Board of Directors of the Company and to the Audit and Compensation committees of the Board. Mr. Chan was formerly with the Hong Kong civil service for 29 years and most recently was a member of the Hong Kong Executive Council from 1992 to 1993. He also served as the Secretary for Education and Manpower from 1991 to 1993 and as the Secretary for Trade and Industry from 1989 to 1991.

The Company

Headquartered in Hong Kong, Amway Asia Pacific Ltd. is the exclusive distribution vehicle for Amway Corporation in Australia, People's Republic of China, Hong Kong, Macau, Malaysia, New Zealand, Taiwan and Thailand. Amway Asia Pacific Ltd. is one of the largest direct selling companies in the region, based on sales of Amway consumer products offered through more than 510,000 independent renewed distributors. Amway Asia Pacific Ltd. is listed on the New York Stock Exchange (AAP) and the Australian Stock Exchange (AMW).
 -0- 4/10/96


/CONTACT: Holly A. Clemente of Amway Asia Pacific, 212 836-4850/

(AAP)

CO: Amway Asia Pacific Ltd. ST: IN: TRN HOU SU: DIV PER

PD -- NYW021 -- 6297 04/10/96 08:30 EDT
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Publication:PR Newswire
Date:Apr 10, 1996
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