Fthr re Secondary Placing

Liontrust Asset Management PLC
1 March 2001



 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO
        THE UNITED STATES OF AMERICA, CANADA, THE REPUBLIC OF IRELAND,

               THE REPUBLIC OF SOUTH AFRICA, AUSTRALIA OR JAPAN


        Liontrust Asset Management PLC ('Liontrust' or 'the Company')

    Secondary Placing by HSBC Investment Bank PLC on behalf of the Selling
                                 Shareholders


Further to the announcement of 12 February 2001 regarding the proposed
secondary placing of shares in the Company ('the Placing'), HSBC Investment
Bank plc announces that book-building in connection with the Placing has been
extended until further notice.


Enquiries:

Liontrust Asset Management PLC

Nigel Legge - Joint Chief Executive          Tel:      [phone]


HSBC Investment Bank plc                    Tel:     [phone]

John Mellett

Tom Durie