Director Shareholding

Liontrust Asset Management plc

9 March 2004

Notification of directors' interests: Companies Act 1985 s.329

Liontrust Asset Management plc ('the Company') has been notified on 9 March
2004 of dealing in the Company's ordinary shares as follows:

William Carey, Nigel Legge and Andrew Yates, directors of the Company, are
participants in the Company's Employee Share Ownership Plan (the 'ESOP') and on
8 March 2004 were allocated 83 ordinary shares each at a price of 453p per
share.

William Carey's total interest following this notification is 1,007,492
ordinary shares or 2.88% of the total issued share capital of the Company.
Nigel Legge's total interest following this notification is 880,378 ordinary
shares or 2.52% of the total issued share capital of the Company. Andrew Yates'
total interest following this notification is 482,959 ordinary shares or 1.38%
of the total issued share capital of the Company.

The Trustees of the Liontrust Asset Management Employee Trust notified the
Company that it acquired in the market a total of 13,638 ordinary shares in the
Company on 8 March 2004 at a price of 454p per share. Following this
transaction, the Trust held a total of 1,901,251 ordinary shares in the Company
in which the following directors had an interest as potential beneficiaries:
WES Carey, NR Legge, JD Lang, WT Pattisson and AJV Yates. The Liontrust Asset
Management Employee Trust is a trust which purchases or subscribes for ordinary
shares in the Company so as to allow the Trustee to satisfy the exercise of
options granted under the Liontrust Enterprise Management Incentive Scheme.

Enquiries:

Nigel Legge

Tel: [phone]

Liontrust Asset Management PLC

END