ARP Ashcourt Rowan

RNS Number:9043K
AMCO Corporation PLC
23 October 2006

Amco Corporation PLC

23 October 2006


Statement re Possible Offer

Further to the announcement on 11 August 2006 in which Amco Corporation plc
stated that it had received a preliminary approach from certain members of
management ("MBO team"), the Board announces that the MBO team has today
informed the Independent Directors that they do not intend to make an offer for
the Company. However, the Board has received other approaches and discussions
continue that may or may not lead to an offer for the Company.

This announcement is made with the agreement of MBO team.

Dealing Disclosure Requirements

Under the provisions of Rule 8.3 of the City Code on Takeovers and Mergers (the
'Code'), if any person is, or becomes, 'interested' (directly or indirectly) in
1% or more of any class of 'relevant securities' of Amco, all 'dealings' in any
'relevant securities' of that company (including by means of an option in
respect of, or a derivative referenced to, any such 'relevant securities') must
be publicly disclosed by no later than 3.30 pm (London time) on the London
business day following the date of the relevant transaction. This requirement
will continue until the date on which the offer becomes, or is declared,
unconditional as to acceptances, lapses or is otherwise withdrawn or on which
the 'offer period' otherwise ends. If two or more persons act together pursuant
to an agreement or understanding, whether formal or informal, to acquire an
'interest' in 'relevant securities' of Amco, they will be deemed to be a single
person for the purpose of Rule 8.3.

Under the provisions of Rule 8.1 of the Code, all 'dealings' in 'relevant
securities' of Amco by the Company, or by any of its 'associates', must be
disclosed by no later than 12.00 noon (London time) on the London business day
following the date of the relevant transaction.

A disclosure table, giving details of the companies in whose 'relevant
securities' 'dealings' should be disclosed, and the number of such securities in
issue, can be found on the Takeover Panel's website at
www.thetakeoverpanel.org.uk .

'Interests in securities' arise, in summary, when a person has long economic
exposure, whether conditional or absolute, to changes in the price of
securities. In particular, a person will be treated as having an 'interest' by
virtue of the ownership or control of securities, or by virtue of any option in
respect of, or derivative referenced to, securities.

Terms in quotation marks are defined in the Code, which can also be found on the
Panel's website. If you are in any doubt as to whether or not you are required
to disclose a 'dealing' under Rule 8, you should consult the Panel.

Brewin Dolphin Securities Limited ("Brewin Dolphin"), which is authorised and
regulated in the United Kingdom by the Financial Services Authority, is acting
for Amco and no-one else in connection with the matters referred to herein and
will not be responsible to anyone other than Amco for providing the protections
afforded to clients of Brewin Dolphin or for giving advice in relation to such
matters.


Enquiries:

Brewin Dolphin Securities Ltd                          0113 241 0130
Mark Brady
Andrew Emmott




                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
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