Secondary placing of shares

Liontrust Asset Management PLC
30 November 2001

Liontrust Asset Management PLC 30 November 2001

Secondary placing of existing shares by Cazenove

Pacific Investments PLC ('Pacific'), through its subsidiary River & Mercantile
Investment Management Limited, and Nigel Legge, Joint Chief Executive of
Liontrust, have today placed, through Cazenove, a total of 2,890,294 ordinary
shares in Liontrust, representing approximately 8.7 per cent. of the Company,
at 360p per share.

Following the placing, Nigel Legge will retain an interest in 1,750,000
ordinary shares in Liontrust, representing approximately 5.3 per cent. of the
Company, and Pacific will retain an interest in 2,302,342 ordinary shares,
representing approximately 6.9 per cent. of the Company.

Pacific has undertaken not to dispose of any Liontrust shares held by them
following the placing until after the announcement of Liontrust's preliminary
results for the year ending 31 March 2002. These preliminary results are
expected to be announced in late May 2002.



Enquires:

Nigel Legge Joint Chief Executive, Liontrust Asset Management Tel: [phone]

Shona Beckett/Glenn Wight      Cazenove & Co. Ltd             Tel: [phone]