AMVESCAP Reports Results for Three Months Ended March 31, 2007



    LONDON, April 26 /CNW/ - AMVESCAP (NYSE:  AVZ) reported that operating
profit increased by 27.1% for the three months ended March 31, 2007 to $237.2
million (three months ended March 31, 2006: $186.6 million). Diluted earnings
per share was $0.19 for the three months ended March 31, 2007 (three months
ended March 31, 2006: $0.13). Operating profit decreased 5.2% from the three
months ended December 31, 2006; the three months ended December 31, 2006
included the benefit of $21.8 million of insurance recoveries.

    "With first-quarter operating profits rising to $237.2 million, a 27.1%
increase over the same period last year, higher margins, positive net fund
flows, and record assets under management, AMVESCAP is making good progress in
our multi-year strategic plan for the company," said AMVESCAP President and
CEO Martin L. Flanagan. "Actions we continue to take to strengthen our
business and work more effectively as a single, global organization will allow
us to continue to build on this solid momentum."

    
                                    Results for Three Months Ended
                            ----------------------------------------------
                            March 31, December 31,   %    March 31,   %
                              2007       2006      Change   2006    Change
                            --------- ------------ ------ --------- ------
    Assets under management $471.2b   $462.6b        1.9% $410.9b    14.7%
    Net revenues(a)          $670.7m      $655.3m    2.4%  $584.1m   14.8%
    Operating expenses       $433.5m      $405.0m    7.0%  $397.5m    9.1%
    Operating profit         $237.2m      $250.3m  (5.2)%  $186.6m   27.1%
    Net operating margin(b)     35.4%        38.2%   N/A      31.9%   N/A
    Profit before tax        $232.7m      $248.2m  (6.2)%  $171.7m   35.5%
    Earnings per share:
       --basic                 $0.19        $0.21    N/A     $0.14    N/A
       --diluted               $0.19        $0.20    N/A     $0.13    N/A
    ----------------------- ----------------------------------------------
    

    (a) Net revenues represent total revenues less third-party distribution,
service and advisory fees.

    (b) Net operating margin is equal to operating profit divided by net
revenues.

    Quarterly Earnings Summary

    Net revenues for the three months ended March 31, 2007 were $670.7
million (three months ended December 31, 2006: $655.3 million; three months
ended March 31, 2006: $584.1 million). Net revenues for the three months ended
March 31, 2007 included performance fees of $18.8 million (three months ended
December 31, 2006: $25.9 million; three months ended March 31, 2006: $33.2
million). Operating expenses totaled $433.5 million for the three months ended
March 31, 2007 (three months ended December 31, 2006: $405.0 million; three
months ended March 31, 2006: $397.5 million). Operating expenses for the
fourth quarter of 2006 included the benefit of $21.8 million of insurance
recoveries.

    Net Debt and Cash Flow

    Net debt (total debt of $1,294.1 million, less cash and cash equivalents
of $775.7 million, which excludes client cash of $3.3 million) as of March 31,
2007 was $518.4 million compared to $486.5 million as of December 31, 2006,
and $861.1 million as of March 31, 2006.

    On January 15, 2007, the company repaid $300.0 million of 5.9% senior
notes. Subsequent to the end of the quarter, on April 17, 2007, the company
issued $300.0 million five-year 5.625% senior notes. The net proceeds from the
offering will be used to repay amounts outstanding under our credit facility
and for general corporate purposes.

    Assets Under Management

    Assets under management (AUM) at March 31, 2007, were $471.2 billion
(December 31, 2006: $462.6 million; March 31, 2006: $410.9 million). Average
AUM during the first quarter of 2007 were $466.9 billion, compared to $452.7
billion for the fourth quarter of 2006 and $401.3 billion for the first
quarter of 2006.

    Long-term net inflows for the three months ended March 31, 2007 were $0.7
billion, with inflows of $30.4 billion and outflows of $29.7 billion. For the
three months ended December 31, 2006, long-term net outflows were $4.5
billion. For the three months ended March 31, 2006, long-term net inflows were
$1.5 billion. Money market net outflows in the three months ended March 31,
2007 were $0.8 billion (not included in long-term flows above). Further
analysis of AUM is included in the supplemental schedules to this release.

    AMVESCAP is a leading independent global investment manager, dedicated to
helping people worldwide build their financial security. Operating under the
AIM, INVESCO, AIM Trimark, Atlantic Trust, Invesco Perpetual, PowerShares and
WL Ross 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.

    Members of the investment community and general public are invited to
listen to the conference call today, Thursday, April 26, 2007, at 2:30 p.m.
BST (9:30 a.m. EDT), by dialing one of the following numbers: 1-517-268-4676
or 1-888-455-2053 for U.S. callers. An audio replay of the conference call
will be available until Friday, May 4, 2007, at 10:00 p.m. BST (5:00pm EDT) by
calling 1-203-369-3286 or 1-800-469-5420 for U.S. callers. The presentation
slides that will be reviewed during the conference call will be available on
AMVESCAP's Web site at www.amvescap.com.

    ###

    This release may include statements that constitute "forward-looking
statements" under the United States securities laws. Forward-looking
statements include information concerning possible or assumed future results
of our operations, earnings, liquidity, cash flow and capital expenditures,
industry or market conditions, assets under management, acquisition activities
and the effect of completed acquisitions, debt levels and the ability to
obtain additional financing or make payments on our debt, regulatory
developments, demand for and pricing of our products and other aspects of our
business or general economic conditions. In addition, when used in this
release, words such as "believes," "expects," "anticipates," "intends,"
"plans," "estimates," "projects" and future or conditional verbs such as
"will," "may," "could," "should," and "would" and any other statement that
necessarily depends on future events, are intended to identify forward-looking
statements.

    Forward-looking statements are not guarantees of performance. They
involve risks, uncertainties and assumptions. Although we make such statements
based on assumptions that we believe to be reasonable, there can be no
assurance that actual results will not differ materially from our
expectations. We caution investors not to rely unduly on any forward-looking
statements. In connection with any forward-looking statements, you should
carefully consider the areas of risk described in our 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
www.sec.gov.

    
                                 AMVESCAP PLC
                        Consolidated Income Statement
     (Unaudited, in millions, other than per share amounts and headcount)

                                Q107    Q406   % Change   Q106   % Change
                               ------- ------- --------- ------- ---------
    Revenues
     Management                $737.1  $722.0       2.1% $620.1      18.9%
     Service and distribution   143.4   135.5       5.8%  135.6       5.8%
     Other                       24.2    21.3      13.6%   27.3    (11.4)%
                               ------- ------- --------- ------- ---------
    Total revenues              904.7   878.8       2.9%  783.0      15.5%
     Third-party distribution,
      service and advisory
      fees                     (234.0) (223.5)      4.7% (198.9)     17.6%
                               ------- ------- --------- ------- ---------
    Net revenues                670.7   655.3       2.4%  584.1      14.8%
                               ------- ------- --------- ------- ---------

    Operating expenses
     Compensation               283.7   268.6       5.6%  253.4      12.0%
     Marketing                   37.2    37.2       0.0%   36.2       2.8%
     Property and office         29.5    28.6       3.1%   27.0       9.3%
     Technology and
      telecommunications         28.2    30.5     (7.5)%   32.1    (12.1)%
     General and
      administrative             54.9    40.1      36.9%   48.8      12.5%
                               ------- ------- --------- ------- ---------
    Total operating expenses    433.5   405.0       7.0%  397.5       9.1%
                               ------- ------- --------- ------- ---------
    Operating profit            237.2   250.3     (5.2)%  186.6      27.1%

    Interest income              10.3    10.1       2.0%    5.1     102.0%
    Other realized gains          8.5    14.4    (41.0)%    0.9     844.4%
    Other realized losses        (0.7)   (1.6)   (56.3)%   (3.6)   (80.6)%
    Interest expense            (22.6)  (25.0)    (9.6)%  (17.3)     30.6%
                               ------- ------- --------- ------- ---------
    Profit before taxation      232.7   248.2     (6.2)%  171.7      35.5%
    Taxation - U.K.             (26.0)  (20.2)     28.7%  (18.0)     44.4%
    Taxation - outside of the
     U.K.                       (54.3)  (65.1)   (16.6)%  (45.4)     19.6%
                               ------- ------- --------- ------- ---------
    Profit after taxation       152.4   162.9     (6.4)%  108.3      40.7%
    Profit attributable to
     minority interests          (0.6)    0.6       N/A    (0.7)      N/A
                               ------- ------- --------- ------- ---------
    Profit attributable to
     equity holders of the
     parent                    $151.8  $163.5     (7.2)% $107.6      41.1%
                               ------- ------- --------- ------- ---------

    Earnings per share:
       ---basic                 $0.19   $0.21             $0.14
       ---diluted               $0.19   $0.20             $0.13

    Average shares
     outstanding:
       ---basic                 797.8   795.8             790.8
       ---diluted               820.0   816.3             810.3

    Ending Headcount            5,432   5,574             5,586
    

    
                                 AMVESCAP PLC
                          Consolidated Balance Sheet
                           (Unaudited, in millions)

                           March 31, 2007 December 31, 2006 March 31, 2006
                           -------------- ----------------- --------------

    Non-current assets
        Goodwill                $5,014.8          $5,006.6       $4,218.0
        Intangible assets          191.8             196.7           94.6
        Property and
         equipment                 160.0             165.8          177.9
        Deferred sales
         commissions                54.1              55.9           72.1
        Deferred tax
         assets                    204.9             212.1          155.6
        Investments                166.7             158.1          162.4
                           -------------- ----------------- --------------
                                 5,792.3           5,795.2        4,880.6
    Current assets
        Trade and other
         receivables             1,538.0             997.4        1,297.8
        Investments                131.6             134.9           72.5
        Cash and cash
         equivalents               779.0             789.6          466.4
        Assets held for
         policyholders           1,707.9           1,574.9        1,287.9
                           -------------- ----------------- --------------
                                 4,156.5           3,496.8        3,124.6

    Total assets                 9,948.8           9,292.0        8,005.2

    Non-current
     liabilities
         Long-term debt         (1,294.1)           (972.7)        (873.0)
         Provisions               (463.5)           (461.8)        (166.3)
                           -------------- ----------------- --------------
                                (1,757.6)         (1,434.5)      (1,039.3)
    Current liabilities
        Current maturities
         of long-term debt            --            (300.0)        (309.6)
        Trade and other
         payables               (1,765.3)         (1,384.3)      (1,602.8)
        Taxation                  (113.5)            (95.4)         (70.8)
        Provisions                (227.6)           (227.8)         (69.4)
        Policyholder
         liabilities            (1,707.9)         (1,574.9)      (1,287.9)
                           -------------- ----------------- --------------
                                (3,814.3)         (3,582.4)      (3,340.5)

    Total liabilities           (5,571.9)         (5,016.9)      (4,379.8)

    Net assets                  $4,376.9          $4,275.1       $3,625.4
                           -------------- ----------------- --------------

    Equity
        Share capital              $83.8             $83.2          $82.2
        Share premium              263.1             205.1          106.9
        Shares held by
         employee trusts          (715.9)           (601.7)        (570.3)
        Exchangeable
         shares                    362.1             377.4          430.7
        Retained earnings        1,233.9           1,054.9          772.1
        Other reserves           3,144.2           3,151.2        2,799.7
                           -------------- ----------------- --------------
        Equity
         attributable to
         equity holders of
         the parent              4,371.2           4,270.1        3,621.3
        Minority interests           5.7               5.0            4.1
                           -------------- ----------------- --------------
    Total equity                $4,376.9          $4,275.1       $3,625.4
                           -------------- ----------------- --------------
    

    
                                 AMVESCAP PLC
                 Consolidated Statement of Changes in Equity
                           (Unaudited, in millions)

                                  Share    Share    Shares   Exchangeable
                                  Capital  Premium  Held by      Share
                                  Shares            Employee
                                                     Trusts
    ------------------------------------- -------- --------- -------------
    January 1, 2007                 83.2    205.1    (601.7)       377.4
    ------------------------------------- -------- --------- -------------
    Profit attributable to equity
     holders of the parent            --       --        --           --
    Currency translation
     differences on investments
     in overseas subsidiaries         --       --        --           --
    Net movement on available-
     for-sale reserve                 --       --        --           --
    ------------------------------------- -------- --------- -------------
    Total recognized income and
     expense attributable to
     equity holders of the parent     --       --        --           --
    ------------------------------------- -------- --------- -------------
    Total equity before
     transactions with owners       83.2    205.1    (601.7)       377.4
    Employee share plans:
    Share-based compensation
     credit                           --       --        --           --
    Exercise of options              0.5     42.8        --           --
    Increase in shares held by
     employee share ownership
     trusts                           --       --    (114.2)          --
    Tax taken to/recycled from
     equity                           --       --        --           --
    Conversion of exchangeable
     shares into ordinary shares     0.1     15.2        --        (15.3)
    Total amounts attributable to
     minority interests               --       --        --           --
    ------------------------------------- -------- --------- -------------
    March 31, 2007                  83.8    263.1    (715.9)       362.1
    ------------------------------------- -------- --------- -------------



                                 AMVESCAP PLC
                 Consolidated Statement of Changes in Equity
                           (Unaudited, in millions)


                                   Retained   Other    Minority
                                    Earnings  Reserves  Interests  Total
    ---------------------------------------- --------- ---------- --------
    January 1, 2007                 1,054.9   3,151.2        5.0  4,275.1
    ---------------------------------------- --------- ---------- --------
    Profit attributable to equity
     holders of the parent            151.8        --         --    151.8
    Currency translation
     differences on investments in
     overseas subsidiaries              2.4       6.4        0.1      8.9
    Net movement on available-for-
     sale reserve                        --      (7.2)        --     (7.2)
    ---------------------------------------- --------- ---------- --------
    Total recognized income and
     expense attributable to
     equity holders of the parent     154.2      (0.8)       0.1    153.5
    ---------------------------------------- --------- ---------- --------
    Total equity before
     transactions with owners       1,209.1   3,150.4        5.1  4,428.6
    Employee share plans:
    Share-based compensation
     credit                            24.8        --         --     24.8
    Exercise of options                  --        --         --     43.3
    Increase in shares held by
     employee share ownership
     trusts                              --        --         --   (114.2)
    Tax taken to/recycled from
     equity                              --      (6.2)        --     (6.2)
    Conversion of exchangeable
     shares into ordinary shares         --        --         --       --
    Total amounts attributable to
     minority interests                  --        --        0.6      0.6
    ---------------------------------------- --------- ---------- --------
    March 31, 2007                  1,233.9   3,144.2        5.7  4,376.9
    ---------------------------------------- --------- ---------- --------



                                 AMVESCAP PLC
                 Consolidated Statement of Changes in Equity
                           (Unaudited, in millions)

                                                     Shares
                                   Share            Held by
                                  Capital   Share   Employee Exchangeable
                                   Shares  Premium    Trusts        Share
    ------------------------------------- -------- --------- -------------
    January 1, 2006                 81.8     85.0    (413.5)       431.8
    ------------------------------------- -------- --------- -------------
    Profit attributable to equity
     holders of the parent            --       --        --           --
    Currency translation
     differences on investments
     in overseas subsidiaries         --       --        --         (0.7)
    Net movement on available-
     for-sale reserve                 --       --        --           --
    ------------------------------------- -------- --------- -------------
    Total recognized income and
     expense attributable to
     equity holders of the parent     --       --        --         (0.7)
    ------------------------------------- -------- --------- -------------
    Total equity before
     transactions with owners       81.8     85.0    (413.5)       431.1
    Employee share plans:
    Share-based compensation
     credit                           --       --        --           --
    Exercise of options              0.4     20.7        --           --
    Increase in shares held by
     employee share ownership
     trusts                           --       --    (156.8)          --
    Issuance of new shares for
     acquisition earn-out             --      0.8        --           --
    Conversion of exchangeable
     shares into ordinary shares      --      0.4        --         (0.4)
    Total amounts attributable to
     minority interests               --       --        --           --
    ------------------------------------- -------- --------- -------------
    March 31, 2006                  82.2    106.9    (570.3)       430.7
    ------------------------------------- -------- --------- -------------

                                 AMVESCAP PLC
                 Consolidated Statement of Changes in Equity
                           (Unaudited, in millions)


                                   Retained     Other   Minority
                                    Earnings  Reserves  Interests    Total
    ------------------------------ --------- --------- ---------- --------
    January 1, 2006                   638.7   2,789.2        3.3  3,616.3
    ------------------------------ --------- --------- ---------- --------
    Profit attributable to equity
     holders of the parent            107.6        --         --    107.6
    Currency translation
     differences on investments in
     overseas subsidiaries             10.6       9.0        0.1     19.0
    Net movement on available-for-
     sale reserve                        --       1.5         --      1.5
    ------------------------------ --------- --------- ---------- --------
    Total recognized income and
     expense attributable to
     equity holders of the parent     118.2      10.5        0.1    128.1
    ------------------------------ --------- --------- ---------- --------
    Total equity before
     transactions with owners         756.9   2,799.7        3.4  3,744.4
    Employee share plans:
    Share-based compensation
     credit                            15.2        --         --     15.2
    Exercise of options                  --        --         --     21.1
    Increase in shares held by
     employee share ownership
     trusts                              --        --         --   (156.8)
    Issuance of new shares for
     acquisition earn-out                --        --         --      0.8
    Conversion of exchangeable
     shares into ordinary shares         --        --         --       --
    Total amounts attributable to
     minority interests                  --        --        0.7      0.7
    ------------------------------ --------- --------- ---------- --------
    March 31, 2006                    772.1   2,799.7        4.1  3,625.4
    ------------------------------ --------- --------- ---------- --------
    

    
                                 AMVESCAP PLC
                       Consolidated Cash Flow Statement
                           (Unaudited, in millions)

                                              Three Months Ended March 31,
                                              ----------------------------
                                                       2007          2006
                                              -------------- -------------
    Operating activities:
    Profit attributable to equity holders of
     the parent                                      $151.8        $107.6
    Adjustments to reconcile profit to net
     cash provided by operating activities:
     Amortization, depreciation, and goodwill
      impairment                                       16.3          16.7
     Amortization of share-related
      compensation                                     25.7          19.8
     Increase in receivables                         (532.7)       (491.6)
     Increase in payables                             384.2         328.9
     Gain on disposal of assets                        (1.7)         (1.2)
     Decrease/(increase) in current
      investments                                       6.8         (39.4)
                                              -------------- -------------
    Net cash inflow/(outflow) from operating
     activities                                        50.4         (59.2)

    Investing activities:
     Capital expenditures, net of sales                (8.2)         (8.6)
     Purchases of long-term investments, net          (12.2)        (11.9)
                                              -------------- -------------
    Net cash outflow from investing
     activities                                       (20.4)        (20.5)

    Financing activities:
     Purchases of shares held by employee
      share ownership trusts                         (107.0)       (153.7)
     Net draw/(redemption) on credit facility         321.1         (40.0)
     Repayment of senior notes                       (300.0)           --
     Issuance of new shares                            43.3          21.0
                                              -------------- -------------
    Net cash outflow from financing
     activities                                       (42.6)       (172.7)

    Decrease in cash and cash equivalents             (12.6)       (252.4)
    Foreign exchange                                    2.0           3.1
    Cash and cash equivalents, beginning of
     period                                           789.6         715.7
                                              -------------- -------------
    Cash and cash equivalents, end of period         $779.0        $466.4
                                              -------------- -------------

    Supplemental Cash Flow Information:
    Interest paid                                    $(29.4)       $(21.8)
    Interest received                                 $10.4          $5.0
    Taxes paid                                       $(61.6)       $(46.6)
    

    Notes

    1. Accounting policies

    The accounting policies applied to the information in the earnings
release follow International Financial Reporting Standards (IFRS) in effect as
of the date of this release and are consistent with those applied in the 2006
Annual Report. Refer to the 2006 Annual Report, available at www.amvescap.com,
for a more detailed discussion of these policies. IFRS comprise standards and
interpretations approved by the International Accounting Standards Board and
its predecessors. As of March 31, 2007, all issued IFRS were also adopted by
the European Commission, with the exception of IFRS 8, "Operating Segments,"
which is effective for periods commencing January 1, 2009, but which is not
expected to result in changes to the company's single-segment approach, and
the amendment to IAS 23, "Borrowing Costs," which is also effective for
periods commencing January 1, 2009, and which is not expected to have a
material impact on the company's consolidated financial statements. IFRS 7,
"Financial Instruments: Disclosures," and the related amendment to IAS 1,
"Presentation of Financial Statements, Capital Disclosures," are effective for
periods commencing January 1, 2007. The disclosure requirements of these
standards will be reflected in the company's 2007 Annual Report. IFRIC 11,
"Group and Treasury Share Transactions," is effective for annual periods
commencing March 1, 2007, and has provided additional guidance for accounting
for share-based payment transactions upon award vesting between the parent and
its subsidiaries. The application of IFRIC 11 will not have a material impact
on the company's consolidated financial statements.

    Certain prior year balance sheet amounts have been reclassified to
conform to the current year presentation of those amounts.

    2. Taxation

    A significant proportion of the tax charge arose from U.S., U.K., and
Canadian operations. The effective tax rate was 34.5% for the first quarter of
2007 (first quarter of 2006: 36.9%).

    3. Earnings per share

    Basic earnings per share is based on the weighted average number of
ordinary and exchangeable shares outstanding during the respective periods,
excluding shares purchased and held by employee share ownership trusts.
Diluted earnings per share takes into account the effect of the potential
issuance of ordinary shares.

    
                                      Three Months Ended March 31, 2007
                                   ---------------------------------------
    (in millions other than per    Profit attributable to Number of   Per
     share amounts)                 equity holders of the    shares  share
                                                   parent           amount
                                   ---------------------- --------- ------
    Basic earnings per share                      $151.8     797.8  $0.19
                                                                    ------
    Dilutive effect of share-based
     awards                                           --      22.2
                                   ---------------------- --------- ------
    Diluted earnings per share                    $151.8     820.0  $0.19
                                   ---------------------- --------- ------
    

    
                                      Three Months Ended March 31, 2006
                                   ---------------------------------------
    (in millions other than per    Profit attributable to Number of   Per
     share amounts)                 equity holders of the    shares  share
                                                   parent           amount
                                   ---------------------- --------- ------
    Basic earnings per share                      $107.6     790.8  $0.14
                                                                    ------
    Dilutive effect of share-based
     awards                                           --      19.5
                                   ---------------------- --------- ------
    Diluted earnings per share                    $107.6     810.3  $0.13
                                   ---------------------- --------- ------
    

    4. Long-term debt

    On January 15, 2007, $300.0 million of 5.9% senior notes matured. The
company utilized its credit facility to satisfy the maturity and on April 17,
2007 issued $300.0 million of 5.625% senior notes. The notes will mature on
April 17, 2012 and pay interest semi-annually on April 17 and October 17.

    5. Purchases of ordinary shares

    The company's global stock plan trust purchased 9.4 million ordinary
shares at a cost of $114.2 million during the first quarter. These shares will
be held to satisfy existing and future employee share awards under share-based
payment programs.

    6. Dividends

    A final dividend in respect of 2006 of $0.104 per share (approximately
$86.5 million: $84.5 million for ordinary shares and $2.0 million for
exchangeable shares) has been proposed by the Board and will be paid, subject
to shareholder approval, on May 30, 2007. The dividend will be accrued when
approved by shareholders at the Annual General Meeting of Shareholders on May
23, 2007, and charged to retained earnings at that time.

    7. Statutory financial statements

    The financial information shown in this earnings release is unaudited and
does not constitute statutory financial statements. The 2006 Annual Report,
which will be filed with the Registrar of Companies after the company's annual
general meeting of shareholders, includes an unqualified audit report in
accordance with Section 235 of the Companies Act 1985. This audit report does
not contain a statement under section 237(2) or section 237(3) of the
Companies Act 1985.

    
                                 AMVESCAP PLC
                      Quarterly Assets Under Management

    (in billions)                         Q107    Q406   % Change   Q106
    ------------------------------------ ---------------------------------
    Beginning Assets                     $462.6  $440.6       5.0% $386.3
    Inflows                                30.4    22.9      32.8%   23.1
    Outflows                              (29.7)  (27.4)      8.4%  (21.6)
                                         ------- -------           -------
    Net flows                               0.7    (4.5)      n/a     1.5
    Net flows in money market funds and
     other                                 (0.8)   (1.5)   (46.7)%    7.4
    Market gains/reinvestment               8.0    24.0    (66.7)%   15.3
    Acquisitions                             --     2.6       n/a      --
    Foreign currency                        0.7     1.4    (50.0)%    0.4
                                         ------- -------           -------
    Ending Assets                        $471.2  $462.6       1.9% $410.9
                                         ------- -------           -------

    Average long-term AUM                 405.7   391.2       3.7%  348.3
    Average institutional money market
     AUM                                   61.2    61.5     (0.5)%   53.0
                                         ------- -------           -------
    Average AUM                          $466.9  $452.7       3.1% $401.3
                                         ------- -------           -------
    Net revenue yield on AUM             57.5bps 57.9bps           58.2bps
     (annualized)(a)
    Net revenue yield on AUM before      55.8bps 55.6bps           54.9bps
     performance fees (annualized)
    ------------------------------------ ---------------------------------
    

    
    By channel: (in billions)     Total  Retail  Institutional  Private
                                                                 Wealth
                                                                Management
    ---------------------------- -----------------------------------------
    December 31, 2006            $462.6  $234.0        $211.8       $16.8
    Inflows                        30.4    21.4           7.8         1.2
    Outflows                      (29.7)  (21.4)         (6.6)       (1.7)
                                 ------- ------- ------------- -----------
    Net flows                       0.7      --           1.2        (0.5)
    Net flows in money market
     funds and other               (0.8)   (0.1)         (0.7)         --
    Market gains/reinvestment       8.0     4.3           3.4         0.3
    Foreign currency                0.7     0.2           0.5          --
                                 ------- ------- ------------- -----------
    March 31, 2007               $471.2  $238.4        $216.2       $16.6
                                 ------- ------- ------------- -----------
    

    
    By asset      Total  Equity(c) Fixed   Balanced Money   Stable Alter-
     class: (in                     Income           Market  Value natives
     billions)
    ----------------------------------------------------------------------
    December 31,
     2006(b)     $462.6    $219.1   $59.7    $44.2   $64.2  $46.9   $28.5
    Inflows        30.4      17.6     6.9      2.7     0.4    1.8     1.0
    Outflows      (29.7)    (14.5)   (8.9)    (2.9)   (0.5)  (1.8)   (1.1)
                 ------- --------- ------- -------- ------- ------ -------
    Net flows       0.7       3.1    (2.0)    (0.2)   (0.1)    --    (0.1)
    Net flows in
     money market
     funds and
     other         (0.8)     (0.1)    0.7     (0.6)   (0.8)    --      --
    Market gains/
    reinvestment    8.0       4.5     1.1      1.0      --    0.5     0.9
    Foreign
     currency       0.7       0.5     0.2       --      --     --      --
                 ------- --------- ------- -------- ------- ------ -------
    March 31,
     2007        $471.2    $227.1   $59.7    $44.4   $63.3  $47.4   $29.3
                 ------- --------- ------- -------- ------- ------ -------
    

    
    By client domicile: (in
     billions)                  Total   U.S.   Canada  U.K.  Europe  Asia
    ----------------------------------------------------------------------
    December 31, 2006(b)       $462.6  $268.1  $47.1  $74.0  $44.3  $29.1
    Inflows                      30.4    11.9    2.4    5.0    8.1    3.0
    Outflows                    (29.7)  (11.3)  (1.7)  (2.2) (11.1)  (3.4)
                               ------- ------- ------ ------ ------ ------
    Net flows                     0.7     0.6    0.7    2.8   (3.0)  (0.4)
    Net flows in money market
     funds and other             (0.8)   (0.7)    --     --     --   (0.1)
    Market gains/reinvestment     8.0     5.2    1.4    1.2   (4.5)   4.7
    Foreign currency              0.7      --    0.1    0.1    0.2    0.3
                               ------- ------- ------ ------ ------ ------
    March 31, 2007             $471.2  $273.2  $49.3  $78.1  $37.0  $33.6
                               ------- ------- ------ ------ ------ ------
    

    (a) Net revenue yield on AUM is equal to net revenue divided by average
AUM.

    (b) The asset class beginning balances were adjusted to reflect certain
asset reclassifications.

    (c) Includes PowerShares's ETF AUM ($9.7 billion at March 31, 2007),
which are primarily invested in equity securities.

    AMVESCAP PLC Additional Income and Expense Information

    The quarterly results include the following items:

    
                                                 2007         2006
                                          ------------ -------------------
    $ millions                                Q107       Q406      Q106
                                          ------------ -------------------

    Operating items:
    Management revenues:
    - Performance fees                           18.8      25.9      33.2
    General and administration:
    - Legal settlements                            --      (6.0)       --
     - Insurance recoveries                        --      21.8        --
    




For further information:

For further information: AMVESCAP Aaron Uhde, +1 404 479 2956 or Michael
Perman, +44 (0) 207 065 3942

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