Trading Statement

Liontrust Asset Management PLC
26 September 2002

Thursday 26th September 2002


                         Liontrust Asset Management PLC

                            Pre-Close Trading Update


Despite the FTSE All-Share Index falling by over 25% since the end of our
previous financial year on 31st March 2002, funds under management have grown
from £1.768bn to £1.903bn on 23rd September 2002 with a further £890m of funds
in transition. Funds in transition at the end of March were £500m. New business
in pension funds and unit trust inflows remain strong and investment performance
has been good during the period.

We are pleased with the resilience of our business model in these difficult
market conditions.


Enquiries:

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

Richard Locke, Cazenove & Co. Ltd   020 7588 2828

Note to Editors

Figures for funds in transition relate to mandates that the Company has been
notified that it has been awarded, subject to contract. The size of individual
mandates in transition will fluctuate with markets.


END.


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