Holding in Company

TR-1: Notifications of Major Interests in Shares                               

1. Identity of the issuer or the         Liontrust Asset Management plc        
underlying issuer of existing shares to                                        
which voting rights are attached:                                              

2. Reason for notification                                        [Yes/No]     
                                                                               
An acquisition or disposal of voting rights                         Yes        
                                                                               
An acquisition or disposal of financial instruments which                      
may result in the acquisition of shares already issued to                      
which voting rights are attached                                               
                                                                               
An event changing the breakdown of voting rights                               
                                                                               
Other (please specify):                                                        
                                                                               
3. Full name of person(s) subject to     AXA SA and its group of companies     
notification obligation:                                                       
                                                                               
4. Full name of shareholder(s) (if                                             
different from 3):                                                             
                                                                               
5. Date of transaction (and date on      11 May 2008                           
which the threshold is crossed or                                              
reached if different):                                                         
                                                                               
6. Date on which issuer notified:        12 May 2008                           
                                                                               
7. Threshold(s) that is/are crossed or   5%                                    
reached:                                                                       
                                                                               
8: Notified Details                                                            

A: Voting rights attached to shares                                            
                                                                               
Class/type of Situation previous to  Resulting situation after the triggering  
shares           the triggering                     transaction                
                   transaction                                                 
                                                                               
If possible   Number of  Number of   Number  Number of voting  Percentage of v 
use ISIN code   shares     voting      of         rights         oting rights  
                           rights    shares                                    
                                                                               
                                     Direct  Direct  Indirect  Direct  Indirect
                                                                               
Ordinary       1,901,517  1,901,517   96,767  96,767 1,504,750   0.29%    4.47%

B: Financial Instruments                                                       
                                                                               
Resulting situation after the triggering transaction                           
                                                                               
Type of          Expiration      Exercise/      No. of voting    Percentage of 
financial           date        conversion    rights that may be voting rights 
instrument                      period/date    acquired (if the                
                                                  instrument                   
                                                  exercised/                   
                                                  converted)                   
                                                                               
n/a                                                                            

Total (A+B)                                                                    

Number of voting rights                 Percentage of voting rights            
                                                                               
1,601,517                               4.76%                                  

9. Chain of controlled undertakings through which the voting rights and /or the
financial instruments are effectively held, if applicable:                     
                                                                               
Name of the Company / Fund           Number of Shares      % of issued share   
                                                                capital        
                                                                               
Axa UK Investment Co ICVC UK       57,750               0.17154                
Smaller Companies Fund                                                         
                                                                               
Indirectr                                                                      
                                                                               
Sun Life Pensions Management Ltd   20,000               0.05941                
                                                                               
Direct                                                                         
                                                                               
Sun Life Unit Assurance Ltd FTSE   6,709                0.01993                
All Share Tracker                                                              
                                                                               
Direct                                                                         
                                                                               
Sun Life Pensions Management FTSE  33,127               0.09840                
All Share Tracker                                                              
                                                                               
Direct                                                                         
                                                                               
AXA Framlington Equity Income      1,447,000            4.29823                
                                                                               
Indirect                                                                       
                                                                               
AXA Sun Life with Profits Passive  36,931               0.10970                
                                                                               
Direct                                                                         
                                                                               
                      Total Direct 96,767               0.28744                
                                                                               
                    Total Indirect 1,504,750            4.46977                
                                                                               
TOTAL                              1,601,517            4.75722                

Proxy Voting:                                                                  
                                                                               
10. Name of proxy holder:           N/a                                        
                                                                               
11. Number of voting rights proxy   N/a                                        
holder will cease to hold:                                                     
                                                                               
12. Date on which proxy holder will N/a                                        
cease to hold voting rights:                                                   

13. Additional information:                                                    
                                                                               
14. Contact name:                   David V Gibbons                            
                                                                               
15. Contact telephone name:         020 7063 4331