Rule 2.10 Announcement

Liontrust Asset Management PLC
08 November 2004



For immediate release                             8 November, 2004

                  Liontrust Asset Management PLC ('Liontrust')

                               Relevant Securities

Further to Liontrust entering into an offer period and in accordance with Rule
2.10 of the City Code on Takeovers and Mergers, the Board of Liontrust confirms
that it has 35,000,761 ordinary shares of 1 pence each in issue (ISIN number:
GB0007388407).

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