RNS Number:6617K
Armour Trust PLC
27 September 2001



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

                              Holding Statement

The Board of Armour Trust wishes to announce that it is currently reviewing a
number of strategic options which may lead to a return of capital to
shareholders.

Further announcements will be made as necessary.


For further details please contact:

George Dexter, Chief Executive of Armour Trust  01892 502700

Tony Bartlett, Beeson-Gregory  020 7488 4040


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