AGM Statement

Liontrust Asset Management PLC
09 July 2003


Wednesday 9th July 2003

                          Stock Exchange Announcement

          Liontrust Asset Management PLC 2003 Annual General Meeting.

                    Chairman's Statement and Trading Update

The following is the Statement by Chairman Ellen Winser at the 2003 Annual
General Meeting, held at The Savoy, London WC2 at 11am on Wednesday 9th July
2003:

'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 fourth year running as a
public company. We attribute these results to the excellent performance of our
investment processes and the simplicity, efficiency and focus of our business
model.

Competition in all areas of our business remains fierce and the stock market
environment variable, but we remain confident that the differentiation and the
performance of our investment processes and our increasing distribution
capabilities will enable us to make further progress. Our results for the
current financial year to date are encouraging.

Indeed, since our year end, we have won an additional £344 million in new
institutional pension fund mandates and net sales of our proprietory unit trusts
have exceeded £100 million. We continue to be invited to pitch for new business.

Funds under management on Monday 7th July stood at £3.6 billion, with a further
£577 million in transition.

I would like to thank everyone at Liontrust for their contribution to another
successful year.  I reiterate that we look forward to the challenges ahead and
continue to see a bright future for Liontrust.'

Nigel Legge, Liontrust, 020 7412 1700

Richard Locke, Cazenove, 020 7588 2828


ENDS

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