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INVESCO Inc Grth Tst (IVI)

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Friday 13 September, 2002

INVESCO Inc Grth Tst

Issue of Equity

INVESCO Income Growth Trust PLC
13 September 2002





INVESCO Income Growth Trust plc


The Scheme of reconstruction of INVESCO Convertible Trust plc ('ICT') under
which shareholders in ICT were offered, inter alia, the opportunity to rollover
their investment into new INVESCO Income Growth Trust Ordinary Shares or 4.75
per cent. Subordinated Convertible Unsecured Loan Stock 2009 ('INVESCO Income
Growth Trust Convertible Unsecured Loan Stock') to be issued by INVESCO Income
Growth Trust plc has now become effective.


In accordance with ICT Shareholder elections and on the basis of the Final NAV
of 106.0339p per ICT share, 2,282,894 INVESCO Income Growth Trust Ordinary
Shares, and £2,365,823 nominal of new INVESCO Income Growth Trust Convertible
Unsecured Loan Stock have been issued. Accordingly the Company now has in issue
55,935,724 INVESCO Income Growth Trust Ordinary Shares and £2,365,823 nominal
INVESCO Income Growth Trust Convertible Unsecured Loan Stock.


The issue price of each INVESCO Income Growth Trust Ordinary Share is 148.0599p
(being the net asset value, cum income and adjusted for the dividend declared
today, of an INVESCO Income Growth Trust plc share as at 12 September 2002) and
the INVESCO Income Growth Trust Convertible Unsecured Loan Stock is issued at
par. The initial Conversion Rate of the INVESCO Income Growth Trust Convertible
Unsecured Loan Stock is £1.63 nominal of Loan Stock per INVESCO Income Growth
Trust Ordinary Share.


Dealings in the new INVESCO Income Growth Trust Ordinary Shares, and the INVESCO
Income Growth Trust Convertible Unsecured Loan Stock, are expected to commence
at 8.00am on 16 September 2002 and definitive certificates in respect of INVESCO
Income Growth Trust Ordinary Shares and the INVESCO Income Growth Trust
Convertible Unsecured Loan Stock are expected to be despatched during the week
commencing 16 September 2002.


In addition, as anticipated in the Board's circular to shareholders on 7 August
2002, the Board has declared a special dividend of 0.5p per share payable to
shareholders (other than the holders of shares issued pursuant to the Scheme) on
the register as at the close of business on 13 September 2002.


Enquiries:


Graeme Proudfoot     020 7626 3434

INVESCO Asset Management Limited


Angus Gordon Lennox     020 7588 2828

Cazenove & Co. Ltd


END





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