Directors' Shareholdings

Liontrust Asset Management plc

25 October 2004

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

Liontrust Asset Management plc ('the Company') has been notified on 25 October
2004 of dealing in the Company's ordinary shares as follows:

Nigel Legge, Vinay Abrol and Andrew Yates, directors of the Company, are
participants in the Company's Employee Share Ownership Plan (the 'ESOP') and on
22 October 2004 were allocated 132 ordinary shares each at a price of 283p per
share.

Nigel Legge's total interest following this notification is 881,361 ordinary
shares or 2.52% of the total issued share capital of the Company. Vinay Abrol's
total interest following this notification is 393,172 ordinary shares or 1.12%
of the total issued share capital of the Company. Andrew Yates' total interest
following this notification is 483,972 ordinary shares or 1.38% of the total
issued share capital of the Company.

Enquiries:

Nigel Legge

Tel: [phone]

Liontrust Asset Management PLC

END