Trading Statement

Liontrust Asset Management PLC
30 January 2003


30 January 2003

                          Stock Exchange Announcement

           Operating profits from performance related fees receivable

           for the period ended 31 December 2002 exceed £2.7 million.

                                 Trading Update

Liontrust Asset Management PLC announces that operating profit from performance
fees due and collectable since our September 2002 interim announcement is
approximately £2.2 million (net of compensation costs using the compensation
formula set out in the company's Report & Accounts for the year ended 31 March
2002, but before taxation). This brings the cumulative operating profit before
tax from performance fees for the 9 months to 31 December 2002 to £2.7 million.
By comparison the operating profit contribution from performance fees for 9
months to 31 December 2001 was £1.6 million.

The terms on which performance fees are calculated and earned vary for each
contract and are confidential. However, in some cases payment of a proportion of
the fee earned is deferred until the next performance fee is payable. A further
£0.7 million of operating profit from performance fees (net of compensation
costs as above, but before taxation) will become due for payment on these
accounts if and when a further performance fee becomes payable in the future.

Total funds under management stood at £2.308 billion on 31 December 2002 and
£2.234 billion on 28 January 2003, up from £1.768 billion on 31 March 2002.
Accounts won and still in transition amount to a further £751 million.

Performance fee analysis:
                                                      9 months to              Year to             Year to
                                                        31 Dec 02          31 March 02         31 March 01
                                                            £'000                £'000               £'000

Current year                                                4,392                3,818               2,762

Brought forward from previous years                         1,713                  918               2,902

Performance fee income                                      6,105                4,736               5,664

Contribution to operating profit before tax                 2,704                2,132               2,443

Deferred performance fees                                   1,480                1,796                 992



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 value of funds in
transition will fluctuate with the market.

For further information please contact:

Liontrust Asset Management PLC          Nigel Legge          020 7412 1700

30 January 2003


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