Rule 8.1 - Liontrust Asset Management PLC

FORM 8.1                                    

          DEALINGS BY OFFERORS, OFFEREE COMPANIES OR THEIR ASSOCIATES          

                  FOR THEMSELVES OR FOR DISCRETIONARY CLIENTS                  

                (Rules 8.1(a) and (b)(i) of the Takeover Code)                 

The Panel Executive has confirmed, on an ex-parte basis, that these dealings
have no Code consequences.

1. KEY INFORMATION

Name of person dealing (Note 1) Liontrust Trustee Limited on behalf of         
                                employees of Liontrust Asset Management PLC    
                                participating in the Liontrust Share Incentive 
                                Plan                                           
                                                                               
Company dealt in                Liontrust Asset Management PLC                 
                                                                               
Class of relevant security to   Ordinary shares                                
which the dealings being                                                       
disclosed relate (Note 2)                                                      
                                                                               
Date of dealing                 27 October 2008                                

2. INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE

(a) Interests and short positions (following dealing) in the class of relevant
security dealt in (Note 3)

                                         Long                   Short          
                                                                               
                                Number (%)             Number (%)              
                                                                               
(1) Relevant securities         210,925 0.63%                                  
                                                                               
(2) Derivatives (other than                                                    
options)                                                                       
                                                                               
(3) Options and agreements to                                                  
purchase/sell                                                                  
                                                                               
Total                           210,925 0.63%                                  

(b) Interests and short positions in relevant securities of the company, other
than the class dealt in (Note 3)

Class of relevant security:              Long                   Short          
                                                                               
                                Number (%)             Number (%)              
                                                                               
(1) Relevant securities                                                        
                                                                               
(2) Derivatives (other than                                                    
options)                                                                       
                                                                               
(3) Options and agreements to                                                  
purchase/sell                                                                  
                                                                               
Total                                                                          

(c) Rights to subscribe (Note 3)

Class of relevant security:     Details                                        
                                                                               

3. DEALINGS (Note 4)

(a) Purchases and sales

Purchase/sale              Number of securities      Price per unit (Note 5)   
                                                                               
Purchase                   4.677                     157.245 pence             

(b) Derivatives transactions (other than options)

Product name,  Long/short (Note  Number of securities     Price per unit (Note 
               6)                (Note 7)                 5)                   
e.g. CFD                                                                       
                                                                               

(c) Options transactions in respect of existing securities

(i) Writing, selling, purchasing or varying

Product name, Writing,    Number of     Exercise Type, e.g. Expiry  Option     
              selling,    securities to          American,          money      
e.g. call     purchasing, which the     price    European   date               
option        varying     option                 etc.               paid/      
              etc.        relates (Note                             received   
                          7)                                        per unit   
                                                                    (Note 5)   
                                                                               

(ii) Exercising

Product name, e.g. call    Number of securities      Exercise price per unit   
option                                               (Note 5)                  
                                                                               

(d) Other dealings (including new securities) (Note 4)

Nature of transaction      Details                   Price per unit (if        
(Note 8)                                             applicable) (Note 5)      
                                                                               

4. OTHER INFORMATION

Agreements, arrangements or understandings relating to options or derivatives

Full details of any agreement, arrangement or understanding between the person 
disclosing and any other person relating to the voting rights of any relevant  
securities under any option referred to on this form or relating to the voting 
rights or future acquisition or disposal of any relevant securities to which   
any derivative referred to on this form is referenced. If none, this should be 
stated.                                                                        
                                                                               
None.                                                                          
                                                                               
The Panel Executive has confirmed, on an ex-parte basis, that these dealings   
have no Code consequences.                                                     

Is a Supplemental Form 8 attached? (Note 9) NO

Date of disclosure                           28 October 2008                   
                                                                               
Contact name                                 Vinay Abrol                       
                                                                               
Telephone number                             020 7412 1700                     
                                                                               
Name of offeree/offeror with which           Liontrust Asset Management PLC    
associated                                                                     
                                                                               
Specify category and nature of associate     Liontrust Trustee Limited is an   
status (Note 10)                             wholly owned subsidiary of        
                                             Liontrust Asset Management PLC    

Notes

The Notes on Form 8.1 can be viewed on the Takeover Panel's website at 
www.thetakeoverpanel.org.uk