Director/PDMR Shareholding

21 June 2016

Stock Exchange Announcement

LIONTRUST ASSET MANAGEMENT PLC

Notification of transactions of directors/persons discharging managerial responsibilities

The information contained in this notification is disclosed in accordance with DTR 3.1.4R(1)(a) of the Disclosure and Transparency Rules of the Financial Conduct Authority.

Liontrust Asset Management Plc ("the Company" or "Liontrust") was informed on 20 June 2016 of the following transactions in the Company's ordinary shares of 1p each ("Shares") by Directors of the Company.

On 20 June 2016 John Ions and Vinay Abrol were granted nil-priced options over Shares in London, in each case, pursuant to the Liontrust Long Term Incentive Plan (the "LTIP") which was approved by shareholders at a General Meeting on 24 February 2016 and adopted by the Board on 21 March 2016.

The LTIP has been designed to reward management's performance in achieving financial and strategic metrics - which are directly linked to the business strategy - as well as driving value over the longer term. Awards relating to the financial year ended 31 March 2016 will vest at the end of a three year performance period subject to the satisfaction of stretching performance targets around shareholder returns, earnings per share and strategic objectives as well as shareholding requirements. Further details of the LTIP and performance metrics will be provided in the Company's 2016 Report and Accounts which will be published in due course.

Shares will also be subject to a further two year holding period and phased release will apply, with 60% released after three years from 21 March 2016, 20% after four years and 20% after five in order to increase the lock-in period for management and to allow for a five year period between that date and full release of awards. The vesting of any Shares is dependent upon a participant having built up and retained a significant shareholding (2.5x salary/fixed allocation for the Executive Directors) at the end of the performance period, demonstrating strong alignment between the interests of shareholders and management.

The number of Shares under nil-priced options granted by the Company to John Ions and Vinay Abrol were as follows:

For further information please contact:

Liontrust Asset Management                                                     020 7412 1700

John Ions, Vinay Abrol                                                                  www.liontrust.co.uk

Simon Hildrey - Head of Marketing & Distribution Strategy

Numis Securities Limited                                                             020 7260 1000

Charles Farquhar, Andrew Holloway

Macquarie Capital (Europe) Limited                                       020 3037 2000

Advisory - Jonny Allison, Kavita Choitram

Corporate Broking - Nicholas Harland, Nick Donovan

END