Dividend Declaration

AMCO Corporation PLC
19 December 2001


AMCO CORPORATION PLC (the 'Company')

DIVIDEND STATEMENT

The board stated at the time of its Interim Results released on 30 August 2001
that, in order to conserve resources for property development, an interim
dividend would not be declared for the period. However, as a result of the
Company's improved cash position since the Interim Results statement was
released, the board has decided to declare an interim dividend of 5.00p per
Ordinary share payable on 31 December 2001 to shareholders on the register as
at 31 December 2001.