Trading Statement

Liontrust Asset Management PLC
24 September 2003


Embargoed until 0700 hours, Wednesday 24th September 2003


                    Liontrust Asset Management PLC
                     Pre-Close Trading Statement


Funds under management have risen by 62.0% to £4.163 billion on 22nd September
2003 from £2.569 billion at the Company's year end on 31st March 2003.  The FTSE
All-Share index has risen by 20.8% over the same period.  Funds in transition
are £581 million compared with £705 million at the end of March.  New
institutional business and net unit trust sales have both been strong.

The Small Cap. and Value investment processes have outperformed their benchmarks
during 2003  while the Large Cap. and Growth investment processes have
underperformed their benchmarks.

The recent increase in funds under management means that full year core
operating profit estimates are likely to be exceeded if the current level of the
UK stock market is maintained.

We expect to announce our interim results for the period ending 30th September
2003 towards the end of October 2003.


Enquiries:

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

Richard Locke, Cazenove & Co. Ltd
020 7155 4706

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.


ENDS.

                      This information is provided by RNS
            The company news service from the London Stock Exchange