Pre-Close Trading Statement

Embargoed until 7am on 26 September 2006

26 September 2006

                        Liontrust Asset Management PLC                         

                          Pre-Close Trading Statement                          

On 25 September 2006 funds under management stood at £5.120 billion, compared
with the £5.074 billion at the company's year end of 31 March 2006. A net £96
million of pension fund assets were won in the financial year to date. We have
maintained a healthy level of gross sales in our unit trusts, averaging £32
million per month, although in the financial year to date net sales in our unit
trusts have been flat.

The investment process documented for the management of European equity
portfolios will be launched at the end of this month and the first funds
established for investment during November.

The Group's interim results for the period ending 30 September 2006 will be
released by the end of October 2006.

For further information please contact:

Liontrust Asset Management PLC Nigel Legge 020 7412 1700

Vinay Abrol 020 7412 1700

JP Morgan Cazenove Richard Locke 020 7155 4706