Director Shareholding

Liontrust Asset Management PLC
05 November 2003


Liontrust Asset Management plc

5 November 2003



Notification of directors' interests: Companies Act 1985 s.329

Liontrust Asset Management plc ('the Company') has been notified on 5 November
2003 of dealing in the Company's ordinary shares as follows:

W E S Carey sold 550,000 ordinary shares at 440p per share being 1.57% of the
issued share capital of the Company.

N R Legge sold 500,000 ordinary shares at 440p per share, being 1.43% of the
issued share capital of the Company.

W E S Carey's total interest following this notification is 1,007,073 ordinary
shares or 2.88% of the total issued share capital of the Company. N R Legge's
total interest following this notification is 879,959 ordinary shares or 2.52%
of the total issued share capital of the Company.

The Trustee of the Liontrust Asset Management Employee Trust notified the
Company that, under the Liontrust Enterprise Management Incentive Scheme, it
granted on 5 November 2003 options over ordinary shares in the Company to the
following executive directors:

W E S Carey - options over 21,640 ordinary shares of the Company with an
exercise price of 445p per share and an exercise period between 5 November 2006
and 4 November 2013.  The total number of ordinary shares over which options are
held by W E S Carey following this notification is 170,097.

N R Legge - options over 21,640 ordinary shares of the Company with an exercise
price of 445p per share and an exercise period between 5 November 2006 and 4
November 2013.  The total number of ordinary shares over which options are held
by N R Legge following this notification is 170,097.

J D Lang - options over 167,549 ordinary shares of the Company with an exercise
price of 445p per share and an exercise period between 5 November 2006 and 4
November 2013.  The total number of ordinary shares over which options are held
by J D Lang following this notification is 667,665.

W T Pattisson - options over 167,549 ordinary shares of the Company with an
exercise price of 445p per share and an exercise period between 5 November 2006
and 4 November 2013.  The total number of ordinary shares over which options are
held by W T Pattisson following this notification is 667,665.

A J V Yates - options over 17,820 ordinary shares of the Company with an
exercise price of 445p per share and an exercise period between 5 November 2006
and 4 November 2013.  The total number of ordinary shares over which options are
held by A J V Yates following this notification is 115,631.

As the Liontrust Enterprise Management Incentive Scheme is for the benefit of
all employees, not just executive directors, a further 234,500 options over the
ordinary shares of the Company with an exercise price of 445p per share and an
exercise period between 5 November 2006 and 4 November 2013 were granted to
other employees.  In total, options were granted to all employees, including
directors, over 630,698 ordinary shares.

The Trustee of the Liontrust Asset Management Employee Trust notified the
Company on 5 November 2003 that it acquired in the market a total of 399,649
ordinary shares in the Company on 4 November 2003 at a price of 440p per share.
Following this transaction, the Trust held a total of 1,950,201 ordinary shares
in the Company in which the following directors had an interest as potential
beneficiaries as noted above: W E S Carey, N R Legge, J D Lang, W T Pattisson
and A J V Yates.  The Liontrust Asset Management Employee Trust is a trust,
which purchases or subscribes for ordinary shares in the Company, so as to allow
the Trustee to satisfy the exercise of options granted under the Liontrust
Enterprise Management Incentive Scheme.



Enquiries:

Nigel Legge
Tel: [phone]
Liontrust Asset Management plc

END




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