Trading Statement

Embargoed until 7am on 9 January 2020

Stock Exchange Announcement

LIONTRUST ASSET MANAGEMENT PLC

Trading Update

Liontrust Asset Management Plc ("Liontrust"), the specialist independent fund management group, today issues a trading update for the period from 1 October to 31 December 2019.

Highlights

·; Assets under management ("AuM") were £19.1 billion as at close of business on 31 December 2019.

·; Net inflows of £836 million in the three months ended 31 December 2019 and £2,203 million for the nine months ended 31 December 2019.

·; Acquisition of Neptune Investment Management Limited ("Neptune") completed on 1 October 2019, adding £2.7 billion to AuM.

·; Four investment teams with over £1 billion of AuM, with the Sustainable Investment team over £5 billion and the Global Fixed Income team over £750 million.

Commenting, John Ions, Chief Executive, said:

"Liontrust has continued to generate significant growth. We have delivered net inflows of £836 million over the past three months and £2.2 billion since the start of the financial year on 1 April 2019. Net inflows for the past nine months are almost double those of the same period last year.

These sales in combination with performance, market movements and the acquisition of Neptune Investment Management on 1 October 2019 have led to Liontrust's AuM now exceeding £19 billion. A year ago, our AuM was £11.2 billion.

The addition of the Global Equity team from Neptune has been well received and we have started marketing the managers and their range of funds. The diversification they provide across global equities and emerging markets is offering opportunities to expand our client base.

The funds managed by the Sustainable Investment team continue to experience strong flows, with its AuM increasing to over £5 billion. While the retail market has primarily driven these sales, there is growing interest from institutional investors and we are optimistic about increasing flows from non-UK investors.

As we enter a new decade, we anticipate the strong momentum behind sustainable investment at the end of the last will accelerate. All stakeholders, whether they be individuals, corporates or governments, have an obligation to consider and improve the environmental and social outcomes of their investments, which are best achieved by active investment managers.

With Liontrust's breadth and experience in both fixed income and equities, we are ideally positioned to benefit from this."

Funds under Management

On 31 December 2019, our AuM stood at £19,105 million and were broken down by type and process as follows:

Funds Flows

The net inflows over the three months to 31 December 2019 are £836 million (2018: £471 million). A reconciliation of fund flows and AuM over the three months to 31 December 2019 is as follows:

Liontrust has recorded net inflows over the nine months to 31 December 2019 of £2,203 million (2018: £1,194 million). A reconciliation of fund flows and AuM over the nine months to 31 December 2019 is as follows:

UK Retail Fund Performance (Quartile ranking)

Source: Financial Express to 31 December 2019 as at 6 January 2020, bid-bid, total return, net of fees, based on primary share classes. Past performance is not a guide to future performance, investments can result in total loss of capital. The above funds are all UK authorised unit trusts or UK authorised ICVCs (primary share class).

1 Liontrust Latin America Fund, Liontrust Russia Fund and Liontrust India Fund are not included as they are in IA sectors that are not rankable (e.g. Specialist and Unclassified) as it would not be a fair comparison to make.

For further information please contact:

Liontrust Asset Management Plc 020 7412 1700

John Ions www.liontrust.co.uk

Vinay Abrol

Simon Hildrey - Chief Marketing Officer

N+1 Singer Advisory LLP 020 7496 3000

Corporate Broking- Tom Salvesen

Numis Securities Limited 020 7260 1000

Corporate Broking & Advisory - Charles Farquhar

Forward Looking Statements

This announcement contains certain forward-looking statements with respect to the financial condition, results of operations and businesses and plans of Liontrust. These statements and forecasts involve risk and uncertainty because they relate to events and depend upon circumstances that have not yet occurred. There are a number of factors that could cause actual results or developments to differ materially from those expressed or implied by these forward-looking statements and forecasts. As a result, the Liontrust's actual future financial condition, results of operations and business and plans may differ materially from the plans, goals and expectations expressed or implied by these forward-looking statements. Liontrust undertakes no obligation publicly to update or revise forward-looking statements, except as may be required by applicable law and regulation (including the Listing Rules of the Financial Conduct Authority). Nothing in this announcement should be construed as a profit forecast or be relied upon as a guide to future performance.

Other information

The release, publication, transmission or distribution of this announcement in, into or from jurisdictions other than the United Kingdom may be restricted by law and therefore persons in such jurisdictions into which this announcement is released, published, transmitted or distributed should inform themselves about and observe such restrictions. Any failure to comply with the restrictions may constitute a violation of the securities laws of any such jurisdiction.

ENDS