AMVESCAP Announces Pricing of Tender Offer

AMVESCAP Announces Pricing of Tender Offer 


LONDON, Dec. 9  /PRNewswire-FirstCall/ -- AMVESCAP PLC (NYSE:AVZ) today
announced that it has priced its tender offer for any and all of the US$400
million outstanding principal amount of its 6.600% Senior Notes due May 15,
2005. The 6.600% Senior Notes are listed on the Luxembourg Stock Exchange with
the common code 009212582 and the ISIN GB03235EAF74.

Upon consummation of its offer, AMVESCAP will pay US$1,016.59 for each US$1,000
principal amount of the 6.600% Senior Notes to be purchased in the offer, plus
accrued but unpaid interest up to, but not including, the settlement date. The
purchase price for each note was calculated by taking a fixed spread of 20
basis points over the bid side yield to maturity of the 6.50% U.S. Treasury
Note due May 15, 2005.

The offer is scheduled to expire at 5:00 p.m. EST, on December 13, 2004, unless
extended. The purchase price for notes tendered and accepted for payment
pursuant to the tender offer is payable only to holders who validly tender
their notes before 5:00 p.m. EST, on the expiration date and do not withdraw
their tender. Holders who tender their notes in the offer may withdraw their
tender at any time prior to 5:00 p.m. EST, on the expiration date, but not
thereafter, except as may be required by law.

Settlement of the tender offer is expected to occur on the first business day
following the expiration date.

Specific details of the offer are fully described in the Offer to Purchase and
the related Letter of Transmittal, both dated December 7, 2004.  Requests for
these documents may be directed to Global Bondholder Services Corporation by
telephone at 866-470-3700 or 212-430-3774 or in writing at 65 Broadway - Suite
704, New York, NY, 10006. Questions regarding the tender offer may be directed
to Citigroup Global Markets Inc. at 800-558-3745.

The tender offer is subject to conditions set forth in the Offer to Purchase
and the related Letter of Transmittal. This news release is not an offer to
purchase or a solicitation of an offer to sell any securities, which is being
made only pursuant to the terms of the Offer to Purchase, dated December 7,
2004. In any jurisdiction where the laws require the tender offer to be made by
a licensed broker or dealer, the tender offer will be deemed made on behalf of
AMVESCAP by Citigroup Global Markets Inc. or one or more registered brokers or
dealers under the laws of such jurisdiction.

The statements in this release regarding the timing of the tender offer and any
other aspects relating to the tender offer may include statements that
constitute "forward-looking statements" under United States securities laws.
These forward-looking statements involve risks, uncertainties and assumptions
and are not guarantees of performance.  You can identify these statements by
words such as "believes," "expects," "anticipates," "intends," "plans," and
future or conditional verbs such as "will," "may," "could," "should," and
"would" or any other statement that necessarily depends on future events.
Factors that could affect whether the tender offer is completed include, among
other things, market conditions affecting the notes for which AMVESCAP is
offering to purchase.  In connection with any forward-looking statements, you
should carefully consider the areas of risk described in AMVESCAP's most recent
Annual Report on Form 20-F, as filed with the United States Securities and
Exchange Commission (SEC).  You may obtain these reports from the SEC's Web
site at http://www.sec.gov/ . 

DATASOURCE: AMVESCAP PLC



CONTACT:  U.K., Michael Perman, Group Company Secretary,

[phone], or U.S., Doug Kidd, Managing Director, Corporate

Communications, [phone], both of AMVESCAP PLC

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