Invesco Chooses Blue Horizon For South African Distribution

INVESCO CHOOSES BLUE HORIZON FOR SOUTH AFRICAN DISTRIBUTION INVESCO, part of AMVESCAP, one of the world's largest investment management organisations, today announced that Blue Horizon will be the exclusive distributor of its offshore product range in sub-Saharan Africa. INVESCO was one of the first investment companies to focus on South Africa in 1997 and since then has built a client asset base of R 1.1 bn*. It has 18 offshore funds approved by the FSB for marketing in South Africa, covering a broad range of investment options in terms of asset classes and geographies. Nick Tolchard, Associate Director at INVESCOs Offshore Sales Division said: "We are delighted to announce this new relationship which builds on our existing commitment to the South African market. As well as capturing the global investment coverage of INVESCO, intermediaries will now receive greatly enhanced local support." He continued: "INVESCO is committed to being a long term player in South Africa and our partnership with Blue Horizon reflects our aim to develop leading-edge mutual fund distribution strategies and to become an indispensable partner to IFAs." Doug Verley, Managing Director of Blue Horizon Distribution said: " We are very pleased to be working with INVESCO and believe that by delivering the very best service to intermediaries we can help INVESCO reach a leading position in the South African investment market." To launch this new relationship, BHD and INVESCO will host 2 events for intermediaries on 11/12 June in Cape Town and Johannesburg respectively, and additionally will shortly host a series of workshops on INVESCO's products. For further information contact Blue Horizon on +27 11 880 8118 For further information, please contact: Nick Tolchard or Jane Drew INVESCO INVESCO 020 7626 3434 020 7454 3949 Notes to editors INVESCO forms part of the AMVESCAP Group, one of the world's largest investment management organisations, which has more than 8,500 employees, offices in 23 countries, and US$400 billion of funds under management.** AMVESCAP has a significant presence in the investment management industry in North America, Europe and Asia-Pacific, and services clients in more than 100 countries. It is listed on the London, New York, Paris and Toronto stock exchanges. Further information about INVESCO can be found on www.invesco.co.za ** Source: INVESCO as at 31 March 2002 * Source: INVESCO as at 30 April 2002 INVESCO Asset Management Limited is an Associate member of the Association of Unit Trusts of South Africa. This press release is for the broker market only. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/05/27/20020527BIT00960/wkr0001.doc http://www.waymaker.net/bitonline/2002/05/27/20020527BIT00960/wkr0002.pdf