Invesco Reports Results for Nine Months Ended September 30, 2007



    LONDON, November 8 /CNW/ - Invesco (NYSE:  IVZ) reported that operating
profit increased by 45.4% for the nine months ended September 30, 2007 to
$777.9 million (nine months ended September 30, 2006: $535.1 million). Diluted
earnings per share was $0.60 for the nine months ended September 30, 2007
(nine months ended September 30, 2006: $0.40).

    "Invesco's solid performance throughout 2007 is illustrated by record
assets under management, a 45% increase in operating profits over the first
nine months of 2006 and an improving operating margin of 37% over last year's
30%," said Martin L. Flanagan, President and CEO of Invesco. "Invesco's
shareholders have responded very positively to our Board's September
recommendation that the company move its primary listing from the London Stock
Exchange to the New York Stock Exchange, and we remain on schedule for the
targeted completion of this action on December 4, 2007."

    
                                                Results for Nine Months
                                                        Ended(a)
                                              ----------------------------
                                              Sept 30,  Sept 30,
                                                2007      2006    % Change
                                              --------- --------- --------
    Assets under management                     $507.2b   $440.6b    15.1%
    Net revenues(b)                           $2,113.5m $1,759.3m    20.1%
    Operating expenses                        $1,335.6m $1,224.2m     9.1%
    Operating profit                            $777.9m   $535.1m    45.4%
    Net operating margin(c)                       36.8%     30.4%
    Profit before tax                           $757.5m   $506.4m    49.6%
    Earnings per share:
       --basic                                    $0.62     $0.41
       --diluted                                  $0.60     $0.40
    ----------------------------------------- --------- --------- --------
    

    
                                     Results for Three Months Ended(a)
                                 -----------------------------------------
                                  Sept    June             Sept
                                   30,     30,              30,
                                  2007    2007   % Change  2006   % Change
                                 ------- ------- -------- ------- --------
    Assets under management      $507.2b $491.6b     3.2% $440.6b    15.1%
    Net revenues(b, d)           $720.3m $722.5m   (0.3)% $587.1m    22.7%
    Operating expenses           $451.3m $450.8m     0.1% $430.3m     4.9%
    Operating profit             $269.0m $271.7m   (1.0)% $156.8m    71.6%
    Net operating margin(c)        37.4%   37.6%            26.7%
    Profit before tax            $263.3m $261.5m     0.7% $150.5m    75.0%
    Earnings per share:
       --basic                     $0.21   $0.21            $0.13
       --diluted                   $0.21   $0.21            $0.13
    ---------------------------- ------- ------- -------- ------- --------
    

    (a) These results have been prepared in accordance with IFRS.

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

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

    (d) Net revenues include performance fees of $4.0 million for the three
months ended September 30, 2007 (three months ended June 30, 2007: $34.4
million; three months ended September 30, 2006: $10.4 million).

    Earnings Summary

    Net revenues for the nine months ended September 30, 2007 were $2,113.5
million (nine months ended September 30, 2006: $1,759.3 million). Net revenues
for the nine months ended September 30, 2007 included performance fees of
$57.2 million (nine months ended September 30, 2006: $56.2 million). Operating
expenses totaled $1,335.6 million for the nine months ended September 30, 2007
(nine months ended September 30, 2006: $1,224.2 million). The net operating
margin for the nine months ended September 30, 2007 was 36.8% (nine months
ended September 30, 2006: 30.4%).

    Net revenues for the three months ended September 30, 2007 were $720.3
million (three months ended June 30, 2007: $722.5 million; three months ended
September 30, 2006: $587.1 million). Net revenues for the three months ended
September 30, 2007 included performance fees of $4.0 million (three months
ended June 30, 2007: $34.4 million; three months ended September 30, 2006:
$10.4 million). Operating expenses totaled $451.3 million for the three months
ended September 30, 2007 (three months ended June 30, 2007: $450.8 million;
three months ended September 30, 2006: $430.3 million) and included a $7.4
million provision related to office space that the company has vacated and
subleased. The net operating margin for the three months ended September 30,
2007 was 37.4% (three months ended June 30, 2007: 37.6%; three months ended
September 30, 2006: 26.7%).

    Capital Management

    Net debt (total debt less cash and cash equivalents) as of September 30,
2007 was $40.8 million compared to $330.8 million as of June 30, 2007 and
$483.1 million as of December 31, 2006.

    On June 13, 2007 the company's board of directors authorized a share
repurchase program of up to $500.0 million of the company's ordinary shares.
The share repurchase authorization has an expiration of June 30, 2008. As of
September 30, 2007, $105.2 million of the company's ordinary shares had been
repurchased, representing 8.5 million shares, which are reflected as an
increase in Treasury shares on the balance sheet. Of the total amount
authorized, $394.8 million remains as of September 30, 2007.

    The interim dividend of $0.082 per share was paid on October 25, 2007.

    Assets Under Management

    Assets under management (AUM) at September 30, 2007 were $507.2 billion
(June 30, 2007: $491.6 billion). Average AUM during the third quarter of 2007
were $494.7 billion, compared to $484.3 billion for the second quarter of 2007
and $426.4 billion for the third quarter of 2006.

    Long-term net inflows for the nine months ended September 30, 2007 were
$1.6 billion, with inflows of $89.0 billion and outflows of $87.4 billion. For
the three months ended September 30, 2007, long-term net inflows were $0.2
billion, with inflows of $31.1 billion and outflows of $30.9 billion. Money
market net inflows in the nine months ended September 30, 2007 were $6.6
billion (not included in long-term flows above), with net inflows of $5.7
billion in the third quarter of 2007 and net inflows of $1.8 billion in the
second quarter of 2007. Further analysis of AUM is included in the
supplemental schedules to this release.

    Regulatory Developments

    This earnings release includes financial statements prepared in
accordance with International Financial Reporting Standards (IFRS) as adopted
by the European Union, with reconciliation to U.S. Generally Accepted
Accounting Principles (U.S. GAAP). Prior to July 2007, Invesco was a "foreign
private issuer" for purposes of the filing and disclosure requirements under
the U.S. federal securities laws. As a foreign private issuer, Invesco
prepared its financial statements in accordance with IFRS, with an annual
reconciliation to U.S. GAAP. Since Invesco no longer qualifies as a foreign
private issuer, Invesco is required to present its financial statements in SEC
periodic reports in accordance with U.S. GAAP. Like this earnings release, the
financial statements to be included in Invesco's quarterly report on Form 10-Q
for the quarter ended September 30, 2007 will be prepared in accordance with
IFRS, consistent with Invesco's past periodic reports, including its Annual
Report on Form 20-F for the year ended December 31, 2006, and will include a
reconciliation to U.S. GAAP. The SEC staff has informed Invesco that it will
not object to this presentation for purposes of the Form 10-Q. Invesco will
begin presenting its financial statements in accordance with U.S. GAAP in its
Form 10-K for the year ended December 31, 2007.

    Also as a result of no longer qualifying as a foreign private issuer,
Invesco is now subject to more extensive SEC filing requirements in the U.S.
in addition to the existing requirements of the Financial Services Authority
in the United Kingdom. Invesco, as previously announced, therefore intends to
move its primary listing from the London Stock Exchange to the New York Stock
Exchange and relocate its domicile from the United Kingdom to Bermuda. An
Extraordinary General Meeting of shareholders will convene on November 14,
2007, to allow shareholders to approve the change in domicile and the move of
the primary listing of Invesco shares from the London Stock Exchange to the
New York Stock Exchange. The company estimates that the one-time costs
associated with this transition will be approximately $12 million to be
incurred in the fourth quarter of 2007.

    # # #

    Invesco is a leading independent global investment management company,
dedicated to helping people worldwide build their financial security. By
delivering the combined power of our distinctive worldwide investment
management capabilities including AIM, Atlantic Trust, Invesco, Perpetual,
Powershares, Trimark, and WL Ross, Invesco provides a comprehensive array of
enduring investment solutions for retail, institutional and high net worth
clients around the world. Operating in 20 countries, the company is listed on
the London, New York and Toronto stock exchanges under the symbol IVZ.
Additional information is available at www.invesco.com.

    Members of the investment community and general public are invited to
listen to the conference call today, Thursday, November 8, 2007, at 2:30 p.m.
GMT (9:30 a.m. EST), by dialing one of the following numbers: 1-517-268-4676
for international callers or 1-888-455-2053 for U.S. and Canadian callers. An
audio replay of the conference call will be available until Thursday, November
16, 2007, at 10:00 p.m. GMT (5:00 p.m. EST) by calling 1-203-369-3116 for
international callers or 1-800-388-1293 for U.S. and Canadian callers. The
presentation slides that will be reviewed during the conference call will be
available on Invesco's Web site at www.invesco.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. Although we
make these statements based on assumptions believed to be reasonable, there
can be no assurance that actual results will not materially differ from our
expectations. We caution you not to rely unduly on any forward-looking
statements and urge you to carefully consider the risks described in our most
recent Annual Report on Form 20-F, as filed with the U.S. Securities and
Exchange Commission. You may obtain this report from the SEC's Web site at
www.sec.gov.

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

                                                Nine Months Ended
                                                  September 30,
                                                ----------------- --------
                                                    2007     2006 % Change
                                                -------- -------- --------
    Revenues
     Management                                 $2,363.3 $1,887.6    25.2%
     Service and distribution                      442.3    399.4    10.7%
     Other                                          78.6     75.6     4.0%
                                                -------- -------- --------
    Total revenues                               2,884.2  2,362.6    22.1%
     Third-party distribution, service and
      advisory fees                              (770.7)  (603.3)    27.7%
                                                -------- -------- --------
    Net revenues                                 2,113.5  1,759.3    20.1%
                                                -------- -------- --------

    Operating expenses
     Compensation                                  829.3    793.1     4.6%
     Marketing                                     114.7    103.3    11.0%
     Property and office                            95.2     81.1    17.4%
     Technology and telecommunications              87.9     92.7   (5.2)%
     General and administrative                    208.5    154.0    35.4%
                                                -------- -------- --------
    Total operating expenses                     1,335.6  1,224.2     9.1%
                                                -------- -------- --------
    Operating profit                               777.9    535.1    45.4%

    Interest income                                 36.9     16.9   118.3%
    Other realized gains                            22.0     18.8    17.0%
    Other realized losses                         (13.6)    (8.1)    67.9%
    Interest expense                              (65.7)   (56.3)    16.7%
                                                -------- -------- --------
    Profit before taxation                         757.5    506.4    49.6%
    Taxation - U.K.                               (95.5)   (52.8)    80.9%
    Taxation - outside of the U.K.               (165.2)  (125.7)    31.4%
                                                -------- -------- --------
    Profit after taxation                          496.8    327.9    51.5%
    Profit attributable to minority interests      (3.4)    (1.3)   161.5%
                                                -------- -------- --------
    Profit attributable to equity holders of
     the parent                                   $493.4   $326.6    51.1%
                                                -------- -------- --------

    Earnings per share:
       ---basic                                    $0.62    $0.41
       ---diluted                                  $0.60    $0.40

    Average shares outstanding:
       ---basic                                    798.9    791.0
       ---diluted                                  820.4    810.7

    Ending Headcount                               5,390    5,499
    

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

                                  Q307    Q207   % Change  Q306   % Change
                                 ------- ------- -------- ------- --------
    Revenues
     Management                   $816.2  $810.0     0.8%  $641.7    27.2%
     Service and distribution      150.6   148.3     1.6%   130.8    15.1%
     Other                          26.1    28.3   (7.8)%    18.8    38.8%
                                 ------- ------- -------- ------- --------
    Total revenues                 992.9   986.6     0.6%   791.3    25.5%
     Third-party distribution,
      service and advisory fees  (272.6) (264.1)     3.2% (204.2)    33.5%
                                 ------- ------- -------- ------- --------
    Net revenues                   720.3   722.5   (0.3)%   587.1    22.7%
                                 ------- ------- -------- ------- --------

    Operating expenses
     Compensation                  273.1   272.5     0.2%   288.3   (5.3)%
     Marketing                      41.3    36.2    14.1%    31.6    30.7%
     Property and office            36.5    29.2    25.0%    27.1    34.7%
     Technology and
      telecommunications            30.4    29.3     3.8%    30.5   (0.3)%
     General and administrative     70.0    83.6  (16.3)%    52.8    32.6%
                                 ------- ------- -------- ------- --------
    Total operating expenses       451.3   450.8     0.1%   430.3     4.9%
                                 ------- ------- -------- ------- --------
    Operating profit               269.0   271.7   (1.0)%   156.8    71.6%

    Interest income                 14.2    12.4    14.5%     6.6   115.2%
    Other realized gains             7.9     5.6    41.1%    11.2  (29.5)%
    Other realized losses          (7.4)   (5.5)    34.5%   (4.4)    68.2%
    Interest expense              (20.4)  (22.7)  (10.1)%  (19.7)     3.6%
                                 ------- ------- -------- ------- --------
    Profit before taxation         263.3   261.5     0.7%   150.5    75.0%
    Taxation - U.K.               (40.0)  (29.5)    35.6%  (15.4)   159.7%
    Taxation - outside of the
     U.K.                         (50.2)  (60.7)  (17.3)%  (32.9)    52.6%
                                 ------- ------- -------- ------- --------
    Profit after taxation          173.1   171.3     1.1%   102.2    69.4%
    Profit attributable to
     minority interests            (2.5)   (0.3)   733.3%   (0.2) 1,150.0%
                                 ------- ------- -------- ------- --------
    Profit attributable to
     equity holders of the
     parent                       $170.6  $171.0   (0.2)%  $102.0    67.3%
                                 ------- ------- -------- ------- --------

    Earnings per share:
       ---basic                    $0.21   $0.21            $0.13
       ---diluted                  $0.21   $0.21            $0.13

    Average shares outstanding:
       ---basic                    799.9   799.8            790.3
       ---diluted                  821.0   821.2            809.6

    Ending Headcount               5,390   5,392            5,499
    

    
                                 INVESCO PLC
                          Consolidated Balance Sheet
                           (Unaudited, in millions)

                                                       September December
                                                        30, 2007  31, 2006
                                                       --------- ---------

    Non-current assets
        Goodwill                                        $5,189.8  $4,906.6
        Intangible assets                                  267.4     296.7
        Property and equipment                             149.6     165.8
        Deferred sales commissions                          52.0      55.9
        Deferred tax assets                                248.7     212.1
        Investments                                        158.7     158.1
                                                       --------- ---------
                                                         6,066.2   5,795.2
    Current assets
        Trade and other receivables                      1,479.6     997.4
        Investments                                        126.5     134.9
        Cash and cash equivalents                        1,102.4     789.6
        Assets held for policyholders                    1,892.6   1,574.9
                                                       --------- ---------
                                                         4,601.1   3,496.8

    Total assets                                        10,667.3   9,292.0

    Non-current liabilities
         Long-term debt                                (1,143.2)   (972.7)
         Provisions                                      (472.6)   (461.8)
                                                       --------- ---------
                                                       (1,615.8) (1,434.5)
    Current liabilities
        Current maturities of long-term debt                  --   (300.0)
        Trade and other payables                       (1,811.1) (1,384.3)
        Taxation                                         (148.5)    (95.4)
        Provisions                                       (194.3)   (227.8)
        Policyholder liabilities                       (1,892.6) (1,574.9)
                                                       --------- ---------
                                                       (4,046.5) (3,582.4)

    Total liabilities                                  (5,662.3) (5,016.9)

    Net assets                                          $5,005.0  $4,275.1
                                                       --------- ---------

    Equity
        Share capital                                      $84.6     $83.2
        Share premium                                      328.5     205.1
        Treasury shares                                  (105.2)        --
        Shares held by employee trusts                   (684.1)   (601.7)
        Exchangeable shares                                352.5     377.4
        Retained earnings                                1,541.9   1,054.9
        Other reserves                                   3,473.4   3,151.2
                                                       --------- ---------
        Equity attributable to equity holders of the
         parent                                          4,991.6   4,270.1
        Equity attributable to minority interests           13.4       5.0
                                                       --------- ---------
    Total equity                                        $5,005.0  $4,275.1
                                                       --------- ---------
    

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

                                                                  Shares
                                                                  Held by
                                       Share    Share   Treasury  Employe
                                      Capital  Premium   Shares   Trusts
    --------------------------------- -------  -------- -------- ---------
    January 1, 2007                     $83.2    $205.1        -  $(601.7)
    --------------------------------- -------  -------- -------- ---------
    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)
    Employee share plans:
     Share-based compensation credit        -         -        -         -
     Vested Stock                           -         -        -      31.8
     Exercise of options                  1.2      97.9        -         -
     Increase in shares held by
      employee trusts                       -         -        -   (114.2)
    Increase in treasury shares             -         -  (105.2)         -
    Tax taken to/recycled from equity       -         -        -         -
    Dividends                               -         -        -         -
    Issuance of new shares for
     acquisition earn-out                 0.1       0.7        -         -
    Conversion of exchangeable shares
     into ordinary shares                 0.1      24.8        -         -
    Total amounts attributable to
     minority interests                     -         -        -         -
    --------------------------------- -------  -------- -------- ---------
    September 30, 2007                  $84.6    $328.5 $(105.2)  $(684.1)
    --------------------------------- -------  -------- -------- ---------


    --------------------------------- -------  -------- -------- ---------
    January 1, 2006                     $81.8     $85.0        -  $(413.5)
    --------------------------------- -------  -------- -------- ---------
    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                         81.8      85.0        -   (413.5)
    Employee share plans:
     Share-based compensation credit        -         -        -         -
     Exercise of options                  0.9      48.6        -         -
     Increase in shares held by
      employee trusts                       -         -        -   (155.9)
    Tax taken to/recycled from equity       -         -        -         -
    Dividends                               -         -        -         -
    Issuance of new shares for
     acquisition earn-out                   -       0.8        -         -
    Conversion of exchangeable shares
     into ordinary shares                 0.1      26.9        -         -
    Total amounts attributable to
     minority interests                     -         -        -         -
    --------------------------------- -------  -------- -------- ---------
    September 30, 2006                  $82.8    $161.3        -  $(569.4)
    --------------------------------- -------  -------- -------- ---------





                         Exchange-
                            able   Retained    Other    Minority
                          Shares   Earnings  Reserves  Interests   Total
    -------------------- --------- --------- --------- ---------- --------
    January 1, 2007         $377.4  $1,054.9  $3,151.2       $5.0 $4,275.1
    -------------------- --------- --------- --------- ---------- --------
    Profit attributable
     to equity holders
     of the parent               -     493.4         -          -    493.4
    Currency translation
     differences on
     investments in
     overseas
     subsidiaries                -      42.8     299.1        0.3    342.2
    Net movement on
     available-for-sale
     reserve                     -         -     (8.7)          -    (8.7)
    -------------------- --------- --------- --------- ---------- --------
    Total recognized
     income and expense
     attributable to
     equity holders of
     the parent                  -     536.2     290.4        0.3    826.9
    -------------------- --------- --------- --------- ---------- --------
    Total equity before
     transactions with
     owners                  377.4   1,591.1   3,441.6        5.3  5,102.0
    Employee share
     plans:
     Share-based
      compensation
      credit                     -      69.0         -          -     69.0
     Vested Stock                -    (31.8)         -          -        -
     Exercise of options         -         -         -          -     99.1
     Increase in shares
      held by employee
      trusts                     -         -         -          -  (114.2)
    Increase in treasury
     shares                      -         -         -          -  (105.2)
    Tax taken
     to/recycled from
     equity                      -         -      26.5          -     26.5
    Dividends                    -    (86.4)         -          -   (86.4)
    Issuance of new
     shares for
     acquisition earn-
     out                         -         -       5.3          -      6.1
    Conversion of
     exchangeable shares
     into ordinary
     shares                 (24.9)         -         -          -        -
    Total amounts
     attributable to
     minority interests          -         -         -        8.1      8.1
    -------------------- --------- --------- --------- ---------- --------
    September 30, 2007      $352.5  $1,541.9  $3,473.4      $13.4 $5,005.0
    -------------------- --------- --------- --------- ---------- --------


    -------------------- --------- --------- --------- ---------- --------
    January 1, 2006         $431.8    $638.7  $2,789.2       $3.3 $3,616.3
    -------------------- --------- --------- --------- ---------- --------
    Profit attributable
     to equity holders
     of the parent               -     326.6         -          -    326.6
    Currency translation
     differences on
     investments in
     overseas
     subsidiaries                -    (53.0)     284.8        0.2    232.0
    Net movement on
     available-for-sale
     reserve                     -         -    (22.6)          -   (22.6)
    -------------------- --------- --------- --------- ---------- --------
    Total recognized
     income and expense
     attributable to
     equity holders of
     the parent                  -     273.6     262.2        0.2    536.0
    -------------------- --------- --------- --------- ---------- --------
    Total equity before
     transactions with
     owners                  431.8     912.3   3,051.4        3.5  4,152.3
    Employee share
     plans:
     Share-based
      compensation
      credit                     -     101.9         -          -    101.9
     Exercise of options     (0.8)         -         -          -     48.7
     Increase in shares
      held by employee
      trusts                     -         -         -          -  (155.9)
    Tax taken
     to/recycled from
     equity                      -         -      20.1          -     20.1
    Dividends                    -    (80.3)         -          -   (80.3)
    Issuance of new
     shares for
     acquisition earn-
     out                         -         -         -          -      0.8
    Conversion of
     exchangeable shares
     into ordinary
     shares                 (27.0)         -         -          -        -
    Total amounts
     attributable to
     minority interests          -         -         -        1.3      1.3
    -------------------- --------- --------- --------- ---------- --------
    September 30, 2006      $404.0    $933.9  $3,071.5       $4.8 $4,088.9
    -------------------- --------- --------- --------- ---------- --------
    

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

                                                         Nine Months Ended
                                                           September 30,
                                                         -----------------
                                                             2007     2006
                                                         -------- --------
    Operating activities:
    Profit attributable to equity holders of the parent    $493.4   $326.6
    Adjustments to reconcile profit to net cash provided
     by operating activities:
     Amortization and depreciation                           68.5     49.9
     Amortization of share-related compensation              73.4    107.7
     Increase in receivables                              (493.5)  (324.6)
     Increase in payables                                   525.7    117.0
     Net loss/(gain) on disposal of assets                    2.0    (0.1)
     Decrease/(increase) in current investments              17.3   (44.9)
                                                         -------- --------
    Net cash inflow from operating activities               686.8    231.6

    Investing activities:
     Purchases of property and equipment                   (25.4)   (26.3)
     Disposals of property and equipment                       --      1.3
     Purchases of long-term investments                    (41.2)   (85.3)
     Disposals of long-term investments                      36.6     48.8
     Acquisitions of businesses                            (10.8)  (100.5)
                                                         -------- --------
    Net cash outflow from investing activities             (40.8)  (162.0)

    Financing activities:
     Issuance of new ordinary share capital                  99.1     48.4
     Purchases of treasury shares                          (90.5)       --
     Purchases of shares held by employee trusts          (146.4)  (155.9)
     Dividend paid                                         (86.4)   (80.3)
     Net (payment)/draw on credit facility                (129.0)     44.0
     Issuance of senior notes                               300.0       --
     Repayment of senior notes                            (300.0)       --
                                                         -------- --------
    Net cash outflow from financing activities            (353.2)  (143.8)

    Increase/(decrease) in cash and cash equivalents        292.8   (74.2)
    Foreign exchange movement on cash and cash
     equivalents                                             20.0     22.7
    Cash and cash equivalents, beginning of period          789.6    715.7
                                                         -------- --------
    Cash and cash equivalents, end of period             $1,102.4   $664.2
                                                         -------- --------

    Supplemental Cash Flow Information:
    Interest paid                                         $(49.8)  $(59.7)
    Interest received                                       $36.3    $17.9
    Taxes paid                                           $(213.0) $(164.2)
    

    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.invesco.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 September 30, 2007, all issued IFRS were also adopted
by the European Commission, with the exception of IFRIC 14, "IAS 19 - The
Limit on a Defined Benefit Asset, Minimum Funding Requirements and their
Interaction," which is effective for periods commencing January 1, 2008, 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 amendments to IAS 1, "Presentation of
Financial Statements (Revised)" and IAS 23, "Borrowing Costs," which are also
effective for periods commencing January 1, 2009. These new standards are 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 and were adopted for periods commencing January 1,
2007. The company has adopted IFRIC 11, "Group and Treasury Share
Transactions," which 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 did not have a material impact on
the company's consolidated financial statements.

    The interim financial information has been prepared under the measurement
and recognition principles of IFRS as permitted by the Committee of European
Securities Regulators and does not purport to be a complete or condensed set
of interim financial statements in accordance with IAS 34, "Interim Financial
Reporting."

    This earnings release includes financial statements prepared in
accordance with IFRS as adopted by the European Union, with reconciliation to
U.S. GAAP. Prior to July 2007, Invesco was a "foreign private issuer" for
purposes of the filing and disclosure requirements under the U.S. federal
securities laws. As a foreign private issuer, Invesco prepared its financial
statements in accordance with IFRS, with an annual reconciliation to U.S.
GAAP. Since Invesco no longer qualifies as a foreign private issuer, Invesco
is required to present its financial statements in SEC periodic reports in
accordance with U.S. GAAP. Like this earnings release, the financial
statements to be included in Invesco's quarterly report on Form 10-Q for the
quarter ended September 30, 2007 will be prepared in accordance with IFRS,
consistent with Invesco's past periodic reports, including its Annual Report
on Form 20-F for the year ended December 31, 2006, and will include a
reconciliation to U.S. GAAP. The SEC staff has informed Invesco that it will
not object to this presentation for purposes of the Form 10-Q. Invesco will
begin presenting its financial statements in accordance with U.S. GAAP in its
Form 10-K for the year ended December 31, 2007.

    As a result of no longer qualifying as a foreign private issuer, a U.S.
GAAP annual report on Form 10-K is required to be filed with the SEC in
addition to an IFRS annual report prepared for U.K. regulations. The
accounting policies applied to the information in this earnings release are
expected to be consistent with those that would be applied in the 2007 IFRS
Annual Report if the initiative to change the company's primary listing and
domicile described in Note 7 is not completed by December 31, 2007. If the
initiative is completed prior to this date, INVESCO PLC will be replaced as
the parent company by Invesco Ltd., and Invesco Ltd. will be required to
report consolidated financial statements solely in accordance with U.S. GAAP,
and consolidated financial statements under IFRS would no longer be required.
A reconciliation of profit attributable to equity holders of the parent and
equity attributable to equity holders of the parent under IFRS to net income
and shareholders' equity under U.S. GAAP is included in Note 9.

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

    2. Taxation

    A significant portion of the tax charge arose from U.S., U.K., and
Canadian operations. The effective tax rate was 34.4% for the nine months
ended September 30, 2007 (the nine months ended September 30, 2006: 35.2%).

    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 trusts and held in treasury.
Diluted earnings per share takes into account the effect of the potential
issuance of ordinary shares.

    
                                              Nine Months Ended September
                                                        30, 2007
                                              ----------------------------
                                                    Profit
                                               attributable
                                                         to
                                                    equity  Number    Per
    (in millions, other than per share          holders of      of   share
     amounts)                                    the parent  shares amount
                                              ------------- ------- ------
    Basic earnings per share                         $493.4   798.9  $0.62
                                                                    ------
    Dilutive effect of share-based awards                --    21.5
                                              ------------- ------- ------
    Diluted earnings per share                       $493.4   820.4  $0.60
                                              ------------- ------- ------
    

    
                                              Nine Months Ended September
                                                        30, 2006
                                              ----------------------------
                                                    Profit
                                              attributable
                                                to equity  Number     Per
    (in millions, other than per share         holders of      of   share
     amounts)                                   the parent  shares  amount
                                              ------------ ------- -------
    Basic earnings per share                        $326.6   791.0   $0.41
                                                                   -------
    Dilutive effect of share-based awards               --    19.7
                                              ------------ ------- -------
    Diluted earnings per share                      $326.6   810.7   $0.40
                                              ------------ ------- -------
    

    4. WL Ross & Co. LLC Acquisition

    In accordance with IFRS 3, "Business Combinations," Invesco has completed
its evaluation of the assets and liabilities acquired in connection with the
purchase of WL Ross & Co., which closed in October 2006. As a result of this
evaluation, $100.0 million initially included in goodwill has been
reclassified to intangible assets associated with post acquisition employment
arrangements, to be amortized over a period of approximately five years. The
balance sheet as of December 31, 2006 has been adjusted to reflect this
evaluation.

    5. 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.

    6. Purchases of ordinary shares

    The company's global stock plan trust purchased 9.6 million ordinary
shares at a cost of $114.2 million during the nine months ended September 30,
2007. These shares will be held to satisfy existing and future employee share
awards under share-based payment programs.

    The company purchased 8.5 million ordinary shares at a cost of $105.2
million during the nine months ended September 30, 2007. These shares are held
in Treasury.

    7. Subsequent events

    Between October 1, 2007 and October 8, 2007, the company purchased
1,200,000 shares at a cost of $17.1 million. On October 8, 2007, the company
entered into an irrevocable, non-discretionary program to purchase shares on
its own behalf up to $40.0 million (or 2.5 million shares) from October 9,
2007 to November 8, 2007. As of the close of trading on November 7, 2007, the
program had acquired 2,488,843 shares at a cost of $36.4 million.

    Also as a result of no longer qualifying as a foreign private issuer,
Invesco is now subject to more extensive SEC filing requirements in the U.S.
in addition to the existing requirements of the Financial Services Authority
in the United Kingdom. Invesco therefore intends to move its primary listing
from the London Stock Exchange to the New York Stock Exchange and relocate its
domicile from London to Bermuda. An Extraordinary General Meeting of
shareholders will convene on November 14, 2007, to allow shareholders to
approve the change in domicile and the move of the primary listing of Invesco
shares from the London Stock Exchange to the New York Stock Exchange.

    8. Dividends

    A final dividend in respect of 2006 of $0.104 per share ($86.4 million:
$84.4 million for ordinary shares and $2.0 million for exchangeable shares)
was approved at the Annual General Meeting of Shareholders on May 23, 2007,
and was paid on May 30, 2007.

    The 2007 interim dividend of $0.082 per share ($68.6 million: $67.1
million for ordinary shares and $1.5 million for exchangeable shares) was paid
on October 25, 2007, to shareholders on the register on September 21, 2007.
The ex-dividend date for the dividend was September 19, 2007.

    9. Reconciliation to U.S. accounting principles

    The company prepares its condensed consolidated financial statements in
accordance with IFRS, which differ in certain material respects from U.S.
GAAP.

    The following is a summary of material adjustments to profit attributable
to equity holders of the parent, which would be required if U.S. GAAP had been
applied instead of IFRS.

    
                                                 For the
                                                threemonths  For the nine
                                                   ended      months ended
                                                 September     September
                                                    30,           30,
                                               ------------- -------------
    (in millions, other than per share
     amounts)                                    2007   2006   2007   2006
                                               ------ ------ ------ ------
    Profit attributable to equity holders of
     the parent (IFRS)                         $170.6 $102.0 $493.4 $326.6
    Compensation:
      Retirement benefit plans (a)              (1.6)  (1.8)  (4.9)  (5.4)
      Redundancy and reorganizations (b)           --     --  (1.2) (13.1)
    Interest expense - discounting of
     contingent consideration (c)                 4.0     --   12.1     --
    Taxation (d)                                (1.6)    0.6  (4.5)    6.5
                                               ------ ------ ------ ------
    Net income (U.S. GAAP) (e)                 $171.4 $100.8 $494.9 $314.6
                                               ------ ------ ------ ------

    Earnings per share (U.S. GAAP):
      - basic                                   $0.21  $0.13  $0.62  $0.40
      - diluted                                 $0.21  $0.12  $0.60  $0.39
    

    The following is a summary of material adjustments to equity attributable
to equity holders of the parent, which would be required if U.S. GAAP had been
applied instead of IFRS.

    
    (in millions)                               September   December 31,
                                                  30, 2007       2006
                                                ----------- --------------
    Equity attributable to equity holders of
     the parent (IFRS)                             $4,991.6       $4,270.1
    Non-current assets:
      Goodwill (c)                                  1,527.8        1,480.8
      Deferred taxation (d)                          (88.2)         (68.2)
    Non-current liabilities:
      Provisions - Retirement benefit plans (a)        25.6           28.7
      Provisions - acquisition (c)                    317.9          305.8
    Current liabilities:
      Accruals and other - redundancy and
       reorganizations (b)                               --            1.2
      Interim dividend (f)                           (68.6)             --
      Corporation taxation (d)                       (15.0)             --
      Provisions - acquisition and other (c)          144.5          150.5
                                                ----------- --------------
    Total shareholders' equity (U.S. GAAP) (e)     $6,835.6       $6,168.9
                                                ----------- --------------
    

    a: Retirement benefit plans

    Under IFRS, amounts recognized as a net liability for defined benefit
pension and post-retirement medical obligations include the
actuarially-determined defined benefit obligation, less the fair value of plan
assets, less the unrecognized net actuarial losses, plus the credit to prior
service costs recognized during the year. Under U.S. GAAP, pursuant to the
company's adoption of FAS 158 in 2006, amounts recognized as a net liability
on the balance sheet include only the actuarially-determined defined benefit
obligation less the fair value of plan assets (the funded status of the
plans). Under U.S. GAAP, the unrecognized net actuarial losses and the credit
to prior service costs are recorded directly to other comprehensive income.
Additionally, upon transition to IFRS at January 1, 2004, the company's
cumulative unrecognized net actuarial losses were reset to zero and
accordingly are building up again only from the IFRS transition date. The
combination of these items results in a greater IFRS balance sheet provision
for defined benefit pension and post retirement medical plans than under U.S.
GAAP. Since the cumulative unrecognized net actuarial losses for the company
are greater under U.S. GAAP than under IFRS, this results in greater
amortization costs under U.S. GAAP.

    b: Redundancy and Reorganizations

    Certain amounts provided relating to redundancy and reorganization
initiatives under IFRS must be expensed over the period of the related
initiative under U.S. GAAP.

    c: Acquisition Accounting

    The company transitioned from U.K. GAAP to IFRS at January 1, 2004. Prior
to this date, the U.K. GAAP treatment of goodwill arising on acquisitions
prior to 1998 was to eliminate it directly against reserves. These amounts
remain in reserves under IFRS. Goodwill arising in 1998 and after was
capitalized and amortized through the transition date to IFRS.

    Under U.S. GAAP, the amortization of goodwill and indefinite-lived
intangible assets ceased at January 1, 2002, and the balances are carried
forward at cost less provision for impairment in value. There is therefore a
two-year period (2002 and 2003) under which the goodwill balances were
amortized, while the U.S. GAAP balances were not.

    Contingent consideration payable related to acquisitions is not recorded
under U.S. GAAP until the applicable conditions have been satisfied.
Discounting charges related to the contingent consideration that are recorded
in interest expense are similarly not recorded under U.S. GAAP.

    d: Taxation

    Tax expense under U.S. GAAP has been adjusted to reflect the redundancy
and reorganization differences (Note b), the additional retirement benefit
plan cost (Note a), and the reduction in interest expense (Note c).

    Deferred tax assets have been reduced to reflect the remaining redundancy
and reorganization differences (Note b), the cumulative decrease in the
retirement benefit plan cost (Note a), the cumulative decrease in interest
expense (Note c), and share based payments excluding the mark-to-market tax
valuation applied under IFRS.

    The implementation of FASB Interpretation No. 48, "Accounting for
Uncertainty in Income Taxes - an interpretation of FASB Statement No. 109"
(FIN 48) as of January 1, 2007 increased the company's tax contingencies
liability and reduced opening U.S. GAAP retained earnings by $12.6 million.
There were no material increases or decreases in unrecognized tax benefits
during the nine month period ended September 30, 2007. Additional interest in
the amount of $2.4 million has been included in the taxation net income
reconciling item from IFRS to U.S. GAAP, resulting in a $15.0 million decrease
from IFRS shareholders' equity to arrive at U.S. GAAP shareholders' equity as
of September 30, 2007. Based on information currently available, the company
does not anticipate any material changes in the liability within the next
twelve months.

    e. Consolidation of Variable Interest Entities

    Compliance with FASB Interpretation No. 46 (revised December 2003),
"Consolidation of Variable Interest Entities, an interpretation of ARB 51,"
(FIN 46R) would result in a number of investment funds being consolidated into
the company's income statement and balance sheet under U.S. GAAP that are not
consolidated under IFRS. For the nine months ended September 30, 2007, the
main impact of consolidating these investment funds would be to increase
investment income by $158.5 million (nine months ended September 30, 2006:
$111.6 million) offset by a similar increase in profit attributable to
minority interests. Consolidation also increases our investments as at
September 30, 2007 by $1,395.6 million (December 31, 2006: $1,461.3 million)
again offset by a similar increase in equity attributable to minority
interests. Consolidation of these investment funds would not have a material
impact on the profit attributable to equity holders of the parent as reported
in the income statement nor the equity attributable to equity holders of the
parent reported in the balance sheet.

    f. Interim Dividend

    Interim dividends are recognized when paid under IFRS but are accrued
when declared under U.S. GAAP.

    10. Statutory financial statements

    The financial information shown in this earnings release is unaudited and
does not constitute statutory financial statements. The 2006 Annual Report,
filed with the Registrar of Companies on May 26, 2007, 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.

    
                                 INVESCO PLC
                      Quarterly Assets Under Management

    (in billions)                          Q307    Q207   % Change  Q306
    ------------------------------------- ------- ------- -------- -------
    Beginning Assets                       $491.6  $471.2     4.3%  $413.8
    Inflows                                  31.1    27.5    13.1%    16.3
    Outflows                               (30.9)  (26.8)    15.3%  (17.0)
                                          ------- -------          -------
    Net flows                                 0.2     0.7  (71.4)%   (0.7)
    Net flows in money market funds and
     other                                    5.7     1.8   216.7%     4.6
    Market gains/reinvestment                 4.1    12.8  (68.0)%    13.4
    Acquisitions                               --      --      n/a     6.3
    Foreign currency                          5.6     5.1     9.8%     3.2
                                          ------- -------          -------
    Ending Assets                          $507.2  $491.6     3.2%  $440.6
                                          ------- -------          -------

    Average long-term AUM                   428.4   422.8     1.3%   362.0
    Average institutional money market
     AUM                                     66.3    61.5     7.8%    60.4
                                          ------- -------          -------
    Average AUM                            $494.7  $484.3     2.1%  $426.4
                                          ------- -------          -------
    Net revenue yield on AUM              58.2bps 59.7bps          55.1bps
     (annualized)(a)
    Net revenue yield on AUM before       57.9bps 56.8bps          54.1bps
     performance fees (annualized)
    ------------------------------------- ------- ------- -------- -------
    

    
                                                                 Private
    By channel: (in billions)                                    Wealth
                                   Total  Retail Institutional Management
    ------------------------------ ------ ------ ------------- -----------
    June 30, 2007                  $491.6 $256.1        $218.2       $17.3
    Inflows                          31.1   21.5           8.5         1.1
    Outflows                       (30.9) (21.2)         (8.6)       (1.1)
                                   ------ ------ ------------- -----------
    Net flows                         0.2    0.3         (0.1)          --
    Net flows in money market
     funds and other                  5.7  (0.1)           5.8          --
    Market gains/reinvestment         4.1    1.8           2.0         0.3
    Foreign currency                  5.6    4.2           1.4          --
                                   ------ ------ ------------- -----------
    September 30, 2007             $507.2 $262.3        $227.3       $17.6
                                   ------ ------ ------------- -----------
    

    
    By asset class: (in billions)                          Fixed
                                         Total  Equity(c) Income  Balanced
    ------------------------------------ ------ --------- ------- --------
    June 30, 2007(b)                     $491.6    $243.3   $42.9    $39.9
    Inflows                                31.1      19.7     1.9      2.8
    Outflows                             (30.9)    (16.0)   (3.3)    (1.9)
                                         ------ --------- ------- --------
    Net flows                               0.2       3.7   (1.4)      0.9
    Net flows in money market funds and
     other                                  5.7       0.1   (0.6)      0.2
    Market gains/reinvestment               4.1       2.5     0.9    (0.3)
    Foreign currency                        5.6       3.2     0.7      1.3
                                         ------ --------- ------- --------
    September 30, 2007                   $507.2    $252.8   $42.5    $42.0
                                         ------ --------- ------- --------

    By asset class: (in billions)            Money   Stable
                                            Market   Value  Alternative(d)
    -------------------------------------- --------- ------ --------------
    June 30, 2007(b)                           $64.8  $46.1          $54.6
    Inflows                                      0.4    1.1            5.2
    Outflows                                   (0.4)  (6.6)          (2.7)
                                           --------- ------ --------------
    Net flows                                     --  (5.5)            2.5
    Net flows in money market funds and
     other                                       6.0     --             --
    Market gains/reinvestment                    0.1    0.3            0.6
    Foreign currency                             0.1     --            0.3
                                           --------- ------ --------------
    September 30, 2007                         $71.0  $40.9          $58.0
                                           --------- ------ --------------
    

    
    By client domicile: (in
     billions)                     Total   U.S.  Canada U.K.  Europe Asia
    ------------------------------ ------ ------ ------ ----- ------ -----
    June 30, 2007(b)               $491.6 $291.3  $48.8 $85.5  $36.6 $29.4
    Inflows                          31.1   12.7    1.4   4.6    5.3   7.1
    Outflows                       (30.9) (17.9)  (1.5) (2.5)  (5.6) (3.4)
                                   ------ ------ ------ ----- ------ -----
    Net flows                         0.2  (5.2)  (0.1)   2.1  (0.3)   3.7
    Net flows in money market
     funds and other                  5.7    6.5     -- (0.3)  (0.1) (0.4)
    Market gains/reinvestment         4.1    3.7  (2.7) (0.5)    0.9   2.7
    Foreign currency                  5.6     --    3.2   0.9    0.8   0.7
                                   ------ ------ ------ ----- ------ -----
    September 30, 2007             $507.2 $296.3  $49.2 $87.7  $37.9 $36.1
                                   ------ ------ ------ ----- ------ -----
    

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

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

    (c) Includes PowerShares's ETF AUM ($13.8 billion at September 30, 2007),
which are primarily invested in equity securities.

    (d) Assets have been restated beginning December 31, 2006 to reflect an
amended definition of the alternative asset class. The alternative asset class
includes real estate, private equity and absolute return strategies.

    
                                 INVESCO PLC
                     Year-to-Date Assets Under Management

    (in billions)                             September September
                                              30, 2007  30, 2006  % Change
    ----------------------------------------- --------- --------- --------
    Beginning Assets                             $462.6    $386.3    19.8%
    Inflows                                        89.0      62.9    41.5%
    Outflows                                     (87.4)    (59.7)    46.4%
                                              --------- ---------
    Net flows                                       1.6       3.2  (50.0)%
    Net flows in money market funds and other       6.6      14.2  (53.5)%
    Market gains/reinvestment                      25.0      22.5    11.1%
    Acquisitions                                     --       6.3      n/a
    Foreign currency                               11.4       8.1    40.7%
                                              --------- ---------
    Ending Assets                                $507.2    $440.6    15.1%
                                              --------- ---------

    Average long-term AUM                         419.6     352.4    19.1%
    Average institutional money market AUM         63.5      62.1     2.3%
                                              --------- ---------
    Average AUM                                  $483.1    $414.5    16.6%
                                              --------- ---------
    Net revenue yield on AUM (annualized)(a)    58.3bps   56.6bps
    Net revenue yield on AUM before             56.8bps   54.8bps
     performance fees (annualized)
    ----------------------------------------- --------- --------- --------
    

    
    By channel: (in billions)                                    Private
                                                                 Wealth
                                   Total  Retail Institutional Management
    ----------------------------- ------- ------ ------------- -----------
    December 31, 2006              $462.6 $234.0        $211.8       $16.8
    Inflows                          89.0   63.7          21.5         3.8
    Outflows                       (87.4) (58.9)        (24.3)       (4.2)
                                  ------- ------ ------------- -----------
    Net flows                         1.6    4.8         (2.8)       (0.4)
    Net flows in money market
     funds and other                  6.6  (0.3)           6.9          --
    Market gains/reinvestment        25.0   14.8           9.0         1.2
    Foreign currency                 11.4    9.0           2.4          --
                                  ------- ------ ------------- -----------
    September 30, 2007             $507.2 $262.3        $227.3       $17.6
                                  ------- ------ ------------- -----------
    

    
    By asset class: (in billions)                          Fixed
                                       Total   Equity(c)  Income  Balanced
    --------------------------------- -------- ---------- ------- --------
    December 31, 2006(b)                $462.6     $217.5   $42.8    $38.2
    Inflows                               89.0       55.5     8.3      7.9
    Outflows                            (87.4)     (45.8)  (11.8)    (7.2)
                                      -------- ---------- ------- --------
    Net flows                              1.6        9.7   (3.5)      0.7
    Net flows in money market funds
     and other                             6.6      (0.3)     0.3    (0.5)
    Market gains/reinvestment             25.0       18.7     1.6      1.2
    Foreign currency                      11.4        7.2     1.3      2.4
                                      -------- ---------- ------- --------
    September 30, 2007                  $507.2     $252.8   $42.5    $42.0
                                      -------- ---------- ------- --------

    By asset class: (in billions)            Money  Stable
                                             Market Value  Alternatives(d)
    ----------------------------------------------- ------ ---------------
    December 31, 2006(b)                      $64.3  $46.9           $52.9
    Inflows                                     1.1    3.5            12.7
    Outflows                                  (1.6) (10.8)          (10.2)
                                             ------ ------ ---------------
    Net flows                                 (0.5)  (7.3)             2.5
    Net flows in money market funds and other   7.1     --              --
    Market gains/reinvestment                    --    1.3             2.2
    Foreign currency                            0.1     --             0.4
                                             ------ ------ ---------------
    September 30, 2007                        $71.0  $40.9           $58.0
                                             ------ ------ ---------------
    

    
    By client domicile: (in
     billions)                    Total   U.S.  Canada U.K.  Europe  Asia
    ----------------------------- ------ ------ ------ ----- ------ ------
    December 31, 2006(b)          $462.6 $280.5  $43.2 $74.6  $38.1  $26.2
    Inflows                         89.0   35.5    5.5  15.7   15.9   16.4
    Outflows                      (87.4) (44.4)  (4.6) (6.8) (20.1) (11.5)
                                  ------ ------ ------ ----- ------ ------
    Net flows                        1.6  (8.9)    0.9   8.9  (4.2)    4.9
    Net flows in money market
     funds and other                 6.6    7.5     --   0.1  (0.3)  (0.7)
    Market gains/reinvestment       25.0   17.2  (1.8)   2.0    2.5    5.1
    Foreign currency                11.4     --    6.9   2.1    1.8    0.6
                                  ------ ------ ------ ----- ------ ------
    September 30, 2007            $507.2 $296.3  $49.2 $87.7  $37.9  $36.1
                                  ------ ------ ------ ----- ------ ------
    

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

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

    (c) Includes PowerShares's ETF AUM ($13.8 billion at September 30, 2007),
which are primarily invested in equity securities.

    (d) Assets have been restated beginning December 31, 2006 to reflect an
amended definition of the alternative asset class. The alternative asset class
includes real estate, private equity and absolute return strategies.

    
                                 INVESCO PLC
                  Additional Income and Expense Information

    The quarterly results include the following items:

                                              2007              2006
                                        ----------------- ----------------
    $ millions                           Q3     Q2    Q1    Q3    Q2   Q1
                                        ----- ------ ---- ------ ---- ----

    Operating items:
    Management revenues:
    -
    Performance fees                      4.0   34.4 18.8   10.4 12.6 33.2
    Compensation:
    - Share-based payment cumulative
     adjustment for change in vesting
     assumptions                           --     --   -- (41.1)   --   --
    Property and office:
     - Office space provision           (7.4)     --   --     --   --   --
    General and administration:
     - WL Ross intangible asset
      amortization                      (5.0) (15.0)   --     --   --   --
    




For further information:

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

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INVESCO LTD.

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