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  FIL Limited (formerly Fidelity International
to notification obligation:        Limited)                                    
                                                                               
4. Full name of shareholder(s) (if J P Morgan                                  
different from 3):                                                             
                                                                               
5. Date of transaction (and date   5 August 2008                               
on which the threshold is crossed                                              
or reached if different):                                                      
                                                                               
6. Date on which issuer notified:  7 August 2008                               
                                                                               
7. Threshold(s) that is/are        15%                                         
crossed or reached:                                                            

8: Notified Details                                                            
                                                                               
A: Voting rights attached to shares                                            
                                                                               
Class/type of Situation previous    Resulting situation after the triggering   
shares         to the triggering                   transaction                 
                  transaction                                                  
                                                                               
If possible   Number of Number of Number of  Number of voting   Percentage of  
use ISIN code  shares    voting    shares         rights        voting rights  
                         rights                                                
                                                                               
                                   Direct    Direct   Indirect Direct  Indirect
                                                                               
Ordinary      4,620,898 4,620,898 5,092,703 5,092,703        -  15.13%        -
                                                                               
GB0007388407                                                                   

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            
                                                                               
5,092,703                               15.13%                                 

9. Chain of controlled undertakings through which the voting rights and /or the
financial instruments are effectively held, if applicable:                     
                                                                               
See section 4                                                                  

Proxy Voting:                                                                  
                                                                               
10. Name of proxy holder:           FIL Limited                                
                                                                               
11. Number of voting rights proxy   471,805 shares                             
holder will cease to hold:                                                     
                                                                               
12. Date on which proxy holder will 5 August 2008                              
cease to hold voting rights:                                                   

13. Additional information:         None                                       
                                                                               
14. Contact name:                   David V Gibbons                            
                                                                               
15. Contact telephone name:         020 7063 4331