Performance Related Fees
Liontrust Asset Management PLC
15 December 1999
Performance related fees
due to Liontrust Asset Management PLC
Liontrust Asset Management PLC ('Liontrust') can earn
performance fees on most of its pension fund accounts
which represent around forty per cent. of total funds
under management. The majority of fees are calculated to
the end of December each year, with one at the end of
November. Performance fees are only included in income
when they become due and collectable. Such fees vary
according to performance relative to the designated index
and therefore cannot be guaranteed.
The performance fee due and collectable in respect of the
November account is £0.5 million (net of compensation
costs using the compensation formula set out in the
Prospectus for the July flotation). When the actual
level of fees for accounts with December year ends is
known Liontrust will made a further announcement.
Note for Editors
Liontrust Asset Management PLC is the holding company of
a specialist UK equities fund management group providing
process driven portfolio management services to a range
of funds which are targeted primarily at professional
investors and advisers. Liontrust currently manages over
£1 billion in segregated and pooled pension fund
accounts, own branded unit trusts, an investment trust,
offshore funds, personal equity plans and externally
managed funds on behalf of over 8,000 investors.
For further information please contact :
Liontrust Asset Management PLC Nigel Legge 0171 412 1700
Merlin Financial Paul Downes 0171 606 1244
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