Offer Talks Terminated

Liontrust Asset Management PLC
30 November 2004





                         Liontrust Asset Management PLC


On 5 November 2004 the Company announced that a tentative, management initiated,
approach had been received, which may or may not lead to an offer for the
Company.


It has not proved possible within a reasonable timetable to agree the terms of
an acceptable proposal to be put to shareholders. Discussions have therefore
been terminated.


The Directors confirm that expectations for profits before tax for the year to
31 March 2005 remain in line with market forecasts.


The senior management of the Company remain committed to the business and its
customers.




Bernard Asher
Chairman





Enquiries:

Nigel Legge, Chief Executive,
Liontrust Asset Management PLC
020 7412 1700


Richard Locke,
Cazenove & Co. Ltd
020 7155 4706


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