IIN Inion Oy

RNS Number:3627I
AMP (UK) PLC
10 August 2001

10 August 2001

This announcement is not for release, publication or distribution in or into
the United States, Canada, Australia, Japan, or the Republic of Ireland



                            RECOMMENDED CASH OFFER

                                      by

            AMP (UK) Investment Services Limited (the "Offeror"),

               a wholly owned subsidiary of AMP Limited ("AMP")

                                     for

       Interactive Investor International plc ("Interactive Investor")



OFFER DECLARED WHOLLY UNCONDITIONAL



The board of the Offeror announces that the Offer for Interactive Investor has
been declared wholly unconditional.  As at 1.00 p.m. on 10 August 2001, valid
acceptances of the Offer had been received in respect of a total of
148,116,420 Interactive Investor Shares, representing approximately 83.84 per
cent in nominal value of the Interactive Investor Shares to which the Offer
relates and approximately 88.85 per cent in nominal value of the current
existing issued share capital of Interactive Investor.

As at close of business on 9 August 2001, the Cash Reserves of Interactive
Investor were approximately #49.26 million.  In accordance with the basis of
calculation of the Additional Consideration set out in the Offer Document, the
maximum Additional Consideration of 1.65 pence per share will be payable.

Accepting shareholders will therefore receive a total of 31.65 pence in cash
for each Interactive Investor Share.

On this basis, the Offer values the existing issued and to be issued share
capital of Interactive Investor, assuming the exercise of all options to
acquire Interactive Investor Shares with exercise prices at or below 31.65
pence, at approximately #55 million.

The Offer, which is now declared wholly unconditional, will remain open for
acceptances until further notice in respect of all Interactive Investor Shares
currently in issue and any further Interactive Investor Shares unconditionally
allotted or issued, (whether as a result of the exercise of options under the
Interactive Investor Share Option Scheme, or otherwise) on or before 5.00 p.m.
on 31 August 2001.  However, the Offer is not being extended to any
Interactive Investor Shares which have not been unconditionally allotted or
issued by 5.00 p.m. on 31 August 2001.  Interactive Investor Shareholders who
have not yet accepted the Offer and wish to do so should complete and return
their Forms of Acceptance as soon as possible. If any Interactive Investor
Shareholders require another Form of Acceptance they should contact
Computershare Investor Services PLC on 0870 8893106.

The consideration payable to Interactive Investor Shareholders will be
dispatched within 14 days of today's date in respect of acceptances received
by that date which are valid and complete in all respects, and within 14 days
of the date of receipt in respect of any further acceptances which are
received after today's date and which are valid and complete in all respects.







Once acceptances have been received in respect of Interactive Investor Shares
representing 90 per cent in nominal value of the Interactive Investor Shares
to which the Offer relates, AMP intends to exercise its right to purchase
compulsorily the remaining Interactive Investor Shares pursuant to section 429
of the Companies Act 1985 (as amended) and will be in a position to do so no
later than 31 August 2001.  AMP also intends to apply to the UK Listing
Authority for the official listing, and to the London Stock Exchange for the
admission to trading, of the Interactive Investor Shares to be cancelled.

Immediately prior to the announcement of the Offer on 3 July 2001, the Offeror
held irrevocable undertakings in respect of a total of 77,836,821 Interactive
Investor Shares, representing approximately 46.7 per cent. of the total issued
share capital of Interactive Investor, for which valid acceptances have now
been received.

Immediately prior to the announcement of the Offer on 3 July 2001,
subsidiaries of AMP held for their own account 409,843 Interactive Investor
Shares representing some 0.2 per cent. of the total issued share capital of
Interactive Investor.

Save as disclosed above, neither AMP (UK) Investment Services Limited nor any
person acting, or deemed to be acting, in concert with AMP (UK) Investment
Services Limited held any Interactive Investor Shares or rights over
Interactive Investor Shares prior to the Offer period and neither AMP (UK)
Investment Services Limited nor any person acting, or deemed to be acting, in
concert with AMP (UK) Investment Services Limited has acquired or agreed to
acquire any Interactive Investor Shares or rights over Interactive Investor
Shares since the Offer period commenced (other than pursuant to acceptances of
the Offer).

The Offer Document containing the full terms and conditions of the Offer was
posted to Interactive Investor Shareholders on 13 July 2001.

Terms defined in the Offer Document dated 13 July 2001 have the same meanings
when used herein unless the context requires otherwise.





Enquiries:

AMP:

            UK media enquiries            Joyce McMiken       +44 7714 415 949

            Investor enquiries            Kate Macintosh      +61 2 9257 7053

            Australia media enquiries     Karyn  Munsie       +61 2 9257 9870



Ernst & Young LLP     Paul Smith      +44 20 7951 4721

                      Stephen Skeels  +44 20 7951 6449



Financial Dynamics            Stuart Blackmore            +44 7900 407 973



Interactive Investor          Tomas Carruthers            +44 20 7759 5311



Credit Suisse First Boston    Adam de Courcy Ling         +44 20 7888 8888

                        Thomas Mayer  +44 20 7888 8888



Hogarth Partnership            Andrew Jaques  +44 20 7357 9477





The directors of AMP (UK) Investment Services Limited and AMP (UK) PLC accept
responsibility for the information contained in this announcement. To the best
of the knowledge and belief of the directors of AMP (UK) Investment Services
Limited and AMP (UK) PLC (who have taken all reasonable care to ensure that
such is the case), the information contained in this announcement is in
accordance with the facts and does not omit anything likely to affect the
import of such information.

This document has been approved for the purposes of section 57(1) of the
Financial Services Act 1986 by Ernst & Young LLP of Becket House, 1 Lambeth
Palace Road, London SE1 7EU, a firm authorised by the Institute of Chartered
Accountants in England and Wales to carry on investment business.

Ernst & Young LLP is acting exclusively for AMP, AMP (UK) PLC and AMP (UK)
Investment Services Limited and no one else in connection with the Offer and
will not be responsible to anyone other than AMP, AMP (UK) PLC and AMP (UK)
Investment Services Limited for providing the protections afforded to clients
of Ernst & Young LLP nor for providing advice in relation to the Offer.

Credit Suisse First Boston (Europe) Limited, which is regulated by The
Securities and Futures Authority Limited, is acting exclusively for
Interactive Investor and no one else in connection with the Offer and will not
be responsible to anyone other than Interactive Investor for providing the
protections afforded to clients of Credit Suisse First Boston (Europe) Limited
nor for providing advice in relation to the Offer.

This announcement does not constitute an offer or invitation to purchase any
securities.





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