Holding in Company

TR-1: Notifications of Major Interests in Shares                               

1. Identity of the issuer or the underlying issuer of existing                 
shares to which voting rights are attached:                                    
                                                                               
Liontrust Asset Management plc                                                 
                                                                               
2. Reason for notification                                        [Yes/No]     
                                                                               
An acquisition or disposal of voting rights                         Yes        
                                                                               
An acquisition or disposal of financial instruments which                      
may result in the                                                              
acquisition of shares already issued to which voting rights                    
are attached                                                                   
                                                                               
An event changing the breakdown of voting rights                               
                                                                               
Other (please specify):                                                        
                                                                               
3. Full name of person(s) subject to     Legal & General Group Plc (Group) & (L
notification                             &G)                                   
obligation:                                                                    
                                         Legal & general Investment Management 
                                         Limited (LGIM)                        
                                                                               
4. Full name of shareholder(s) (if       n/a                                   
different from 3):                                                             
                                                                               
5. Date of transaction (and date on      19 December 2008                      
which the                                                                      
threshold is crossed or reached if                                             
different):                                                                    
                                                                               
6. Date on which issuer notified:        23 December 2008                      
                                                                               
7. Threshold(s) that is/are crossed or   Below 5% (Group)                      
reached:                                                                       
                                         Below 5% (LGIM)                       
                                                                               
                                         From 5% - 3% (L&G)                    

8: Notified Details                                                            
                                                                               
A: Voting rights attached to shares                                            

Class/type   Situation previous to           Resulting situation after          
of              the triggering              the triggering transaction          
shares            transaction                                                   
                                                                                
If possible  Number of  Number of  Number of      Number of       Percentage of 
use            shares     voting     shares     voting rights     voting rights 
ISIN code                 rights                                                
                                                                                
                                               Direct   Indirect Direct Indirect
                                                                                
Ordinary      2,005,999  2,005,999      Below 5% (LGIM)                         
                                                                                
                 (LGIM)     (LGIM)                                              
                                                                                
GB0007388407  1,208,755  1,208,755  1,208,755 1,208,755            3.59         
                                                                                
                  (L&G)      (L&G)                                              

B: Financial Instruments                                                       
                                                                               
Resulting situation after the triggering transaction                           

Type of          Expiration      Exercise/      No. of voting    Percentage of 
financial           date        conversion    rights that may be voting rights 
instrument                      period/date    acquired (if the                
                                                  instrument                   
                                                  exercised/                   
                                                  converted)                   
                                                                               
n/a                                                                            

Total (A+B)                                                                    

Number of voting rights                 Percentage of voting rights            
                                                                               
1,208,755 (L&G)                         3.59%                                  

9. Chain of controlled undertakings through which the voting rights and /or the
financial instruments are effectively held, if applicable:                     
                                                                               
Legal & General Group Plc (Direct and Indirect) (Group) (Below 5%)             
                                                                               
Legal & General Investment Management (Holdings) Limited (LGIMH) (Direct and   
Indirect) (Below 5%))                                                          
                                                                               
Legal & General Investment Management Limited (Indirect) (LGIM) (Below 5%)     
                                                                               
  Legal & General Group Plc (Direct) (L&G) (1,208,755 - 3.59 % = LGAS, LGPL &  
                                     PMC)                                      
                                                                               
Legal & General Investment Management (Holdings) Limited (Direct) (LGIMHD)     
                                                                               
Legal & General Insurance Holdings Limited (Direct) (LGIH)                     
                                                                               
Legal & General Assurance (Pensions Management) Limited (PMC)                  
                                                                               
Legal & General Assurance Society Limited (LGAS & LGPL)                        
                                                                               
Legal & General Pensions Limited (Direct) (LGPL)                               

Proxy Voting:                                                                  
                                                                               
10. Name of proxy holder:           N/a                                        
                                                                               
11. Number of voting rights proxy   N/a                                        
holder will cease to hold:                                                     
                                                                               
12. Date on which proxy holder will N/a                                        
cease to hold voting rights:                                                   

13. Additional information:                                                    
                                                                               
14. Contact name:                   David V Gibbons                            
                                                                               
15. Contact telephone name:         020 7412 1700