Interim Management Statement

Embargoed until 0700 hours, Tuesday 7 August 2007

                          Stock Exchange Announcement                          

                        LIONTRUST ASSET MANAGEMENT PLC                         

                         Interim Management Statement                          

Liontrust Asset Management PLC ("Liontrust" or "the Group"), the independent
specialist equities fund management group, is today publishing its first
Interim Management Statement as required by the FSA's disclosure and
transparency rules. The statement relates to the first 18 weeks of the current
financial year, representing the period from 2 April 2007 to 7 August 2007 (the
"period").

Funds under management

Funds under management stood at £5.453 billion on 7 August 2007 (31 March 2007:
£5.505 billion).

Performance fees

Performance fees of £209,000 were earned on two institutional accounts in the
period generating an operating profit, after compensation, of approximately £
94,000. By comparison no performance fees were earned in the same period last
year.

Performance of our funds in the calendar year to date has maintained recent
positive trends.

Funds flow

A net £22 million of institutional assets were won in the period with a further
£50 million in transition. Gross sales of our unit trusts and offshore funds
averaged a healthy £26 million per month over the period; net redemptions were
£33 million in the period.

European Team

£110 million has been raised for the European process, which is encouraging.
Performance since inception and year to date is strong and we are confident of
raising more money for the process over the coming months.

Half Yeartrading update

A trading update for the half year ending 30 September 2007 will be released on
25 September 2007.

Summary

It has been a good start to the financial year having already earned some
performance fees, and with net inflows into funds, including assets in
transition. Prospects remain good for attracting further inflows, given the
initial success of our European team and the good performance across our range
of UK funds. We remain confident of making solid progress in the current
financial year.

For further information please contact:

Liontrust Asset Management PLC 020 7412 1700

Nigel Legge www.liontrust.co.uk

Vinay Abrol

Altium 020 7484 4040

Garry Levin

Nick Tulloch

Smithfield 020 7360 4900

Reg Hoare

Miranda Good

Other information

The release, publication, transmission or distribution of this announcement in
jurisdictions other than the United Kingdom may be restricted by law and
therefore persons in such jurisdictions into which this announcement is
released, published, transmitted or distributed should inform themselves about
and observe such restrictions. Any failure to comply with the restrictions may
constitute a violation of the securities laws of any such jurisdiction.

This announcement contains certain forward-looking statements with respect to
the financial condition, results of operations and businesses and plans of the
Group. These statements and forecasts involve risk and uncertainty because they
relate to events and depend upon circumstances that have not yet occurred.
There are a number of factors that could cause actual results or developments
to differ materially from those expressed or implied by these forward-looking
statements and forecasts. Nothing in this announcement should be construed as a
profit forecast.