AGM Statement

Liontrust Asset Management PLC
10 July 2001

10th July 2001



                         Stock Exchange Announcement


         Liontrust Asset Management PLC 2001 Annual General Meeting.

                            Chairman's Statement.

The following is the Statement delivered by Chairman Ellen Winser at the 2001
Annual General Meeting, held at The Savoy, London WC2 at 11am on Tuesday 10th
July 2001:


'As I said in my statement in the Company's Annual Report and Accounts, I am
delighted to be able to report good results for our second year running as a
public company. We attribute our good results to the continued success of our
investment processes and the simplicity, efficiency and focus of our business
model.


I am also pleased to report that our pipeline of new pension fund business
remains healthy. Funds under management on Friday 6th July 2001 stood at 
£1.365 billion with a further £140.7 million in transition. The funds in
transition include £30 million in new mandates won since our last announcement
in May. Unit trust sales have been slower than at the same stage last year,
but this is in line with the experience of the sector as a whole.


We believe our sales opportunities will continue to strengthen in the medium
to long term with the publication this month of our fourth proprietary
investment process called The Value Dynamic. This focuses on getting income
from equities. We already have an outstanding track record with this, as the
performance figures for our unit trust, Liontrust First Income Fund, testify.


Although competition in all areas of our business remains intense and the
stock market environment is difficult, we are confident that the
differentiation of our funds, the clarity of our investment processes and the
superior performance they have delivered will continue to maintain our
competitive advantage.


I would like to thank our staff for another successful year and reiterate that
we look forward to the challenges that lie ahead. We continue to see a bright
future for Liontrust and all those associated with the Company.'


ENDS