Director Shareholding

AMCO Corporation PLC
19 December 2001

AMCO CORPORATION PLC (the 'Company')

GRANT OF SHARE OPTIONS

The Company yesterday granted options over Ordinary Shares of 10p each in the
Company to the following executive directors:

Director                         Shares under Option

I. Swire                         10,000

D. M. Jackson                    10,000

The Options have been granted for nil consideration and are exercisable on or
after 19 December 2003, but before 20 December 2008 at a nil exercise price.