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Armour Trust PLC (AMR)

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Monday 07 January, 2002

Armour Trust PLC

EGM Statement

Armour Trust PLC
7 January 2002

                 Armour Trust plc ('Armour' or the 'Company')

                    Extraordinary General Meeting ('EGM')

At today's EGM of the Company the following resolutions were passed :

-       That, subject to the confirmation of the Court, the Share Premium 
Account of the Company be cancelled; and

-       That, subject to the confirmation of the Court, the Capital Redemption
Reserve arising on the Tender Offer be cancelled.

The following resolutions were defeated:

-       That the Company be authorised , in addition to any existing authority,
to make market purchases of  18 million ordinary shares of 10 pence each in
the capital of the Company; and

-       That, the Company shall seek the application for listing on the
Alternative Investment Market and subsequent cancellation of the Company's
listing on the Official List of the United Kingdom Listing Authority.

Accordingly, the Tender Offer as set out in the circular to shareholders dated
13 December 2001 will not now proceed.

As has previously been announced, the composition of the Board of the Company
is under review. It is expected that a non-executive director will be
appointed shortly. Further announcements will be made in due course.

Further details:

George Dexter, Armour Trust plc                 01892 502700

Rob Collins, Beeson Gregory                   020 7488 4040

7 January 2002