Morley adds to research team

Article date: 4 July 2001

Amy Chamberlain has been appointed as Investment Analyst in theCorporate Research team at Morley Fund Management ('Morley'). Amywill cover the Media sector focusing on Pan-European broadcasting,publishing and advertising agency stocks.

Prior to her recruitment by Morley, Amy was at Scudder Stevens& Clark/Zurich Investment Management where she covered theMedia, Retail, Leisure and Luxury Goods Sectors. Before joiningScudder Stevens & Clark Amy had worked at both Lehman Brothersand Smith Barney in New York.

Commenting on Amy's appointment, Donald Tosh, Head ofCorporate Research, said:

"We are delighted that Amy has decided to join the Research teamat Morley. She brings considerable experience of the media sectorto her role and will further enhance our research effort. We, atMorley, have created a team of dedicated career analysts who arefree from conflicts of interest and are the centrepiece of ourinvestment process. "

- Ends -

For further information please contact:

Morley Fund Management

Donald Tosh, Head of Corporate Research020 7809 8209
  
Penrose Financial 
  
Gay Collins020 7786 4882
gayc@penrose.co.uk
Caroline Deutsch020 7786 4871
carolined@penrose.co.uk

Notes to Editors

Morley Fund Management is an independently managed, Londonbased, asset management business with £104 billion undermanagement. It operates in London, Boston, Tokyo, Singapore and hasan associate office in Dublin.

Morley is a wholly owned subsidiary of the CGNU Group andmanages institutional funds under the Morley brand. It also acts asinvestment manager for a range of retail investment funds, marketedunder the Norwich Union brand.

CGU plc and Norwich Union plc merged on 30 May 2000 to createCGNU plc, the UK's largest insurance group and one of the top-fiveinsurers in Europe with substantial positions in other marketsaround the world, making it the world's sixth largest insurer basedon gross worldwide premiums.

Morley Fund Management is a business name ofMorley Fund Management Limited (incorporated in England withRegistered No. 1151805 and Registered Office 1 Poultry London EC2R8EJ) and Norwich Union Investment Management Limited (incorporatedin England with Registered No. 2152949 and Registered Office 8Surrey Street Norwich NR1 3NG) both regulated by IMRO and membersof the CGNU Group.

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