THIS ANNOUNCEMENT, INCLUDING THE APPENDICES AND THE INFORMATION CONTAINED IN THEM, IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION, DISTRIBUTION OR FORWARDING, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION, RELEASE OR DISTRIBUTION WOULD BE UNLAWFUL.

FURTHER, THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND IS NOT AN OFFER OF SECURITIES IN ANY JURISDICTION.

LEI: 549300XVXU6S7PLCL855

For immediate release

13 June 2023

Liontrust Asset Management Plc

("Liontrust" or the "Company")

Publication of Circular and Notice of General Meeting

Further to the announcements by Liontrust dated 4 May 2023 and 9 May 2023 in relation to the proposed acquisition of the entire issued share capital of GAM Holding AG ("GAM"), a global investment management group (the "Proposed Acquisition"), Liontrust announces that the circular in relation to the Proposed Acquisition (the "Circular") was on 13 June 2023 approved by the Financial Conduct Authority. The Circular will be mailed to Liontrust shareholders shortly.

The Proposed Acquisition is conditional upon the approval of Liontrust's shareholders and accordingly, the Circular contains a notice convening a general meeting of Liontrust's shareholders (the "Notice of General Meeting"), which is to be held at 10.30 a.m. in the Pinafore Room at the Savoy Hotel, Strand, London, WC2R 0EZ on  7 July 2023 at which two ordinary resolutions will be proposed to approve the Proposed Acquisition and to issue new ordinary shares in connection with the Proposed Acquisition.

A Swiss offer prospectus setting out the terms and conditions of the Proposed Acquisition to the GAM Holding AG shareholders (the "Swiss Offer Prospectus") was also published this morning.

The Circular (including the Notice of General Meeting) and the Swiss Offer Prospectus will be made available on the Company's website, www.liontrust.co.uk/gam-acquisition/documents. The Circular will also be submitted to the FCA's National Storage Mechanism and will shortly be available for inspection.

John Ions, Chief Executive of Liontrust, said: "Liontrust's proposed acquisition of GAM will benefit the clients, shareholders and employees of both asset managers. GAM has an impressive investment capability and an extensive distribution footprint outside the UK. GAM's investment teams will benefit from Liontrust's brand and the corporate and financial stability that the acquisition brings, as well as the strength of our distribution in the UK. The diversification of funds and asset classes of the enlarged group, along with the combined breadth of distribution internationally, will provide the potential to grow AuMA through existing and new clients.

"We believe our proposed acquisition of GAM can create long-term value for the clients and shareholders of both asset managers. Liontrust has made what we believe is a good offer for GAM and the case for why the acquisition works for all parties."

For further information please contact:

Teneo (Tel: 020 7353 4200, Email: [email protected])

Tom Murray or Stephanie Mackrell

Liontrust Asset Management Plc (Tel: 020 7412 1700, Website: liontrust.co.uk)

John Ions: Chief Executive

Vinay Abrol: Chief Financial Officer & Chief Operating Officer

Simon Hildrey: Chief Marketing Officer

David Boyle: Head of Corporate Development

Alantra Corporate Finance LLP (Tel: 020 7246 0500)

Lead Financial Adviser

JP McGrath, Jake Delaney, André Chetty

Singer Capital Markets Advisory LLP (Tel: 020 7496 3000)

Sole Sponsor, Financial Adviser and Sole Broker

Stephen Howard, Tom Salvesen, Justin McKeegan, Asha Chotai

Panmure Gordon (Tel: 020 7886 2500)

Corporate Broking: Stephen Jones

Corporate Advisory: Dominic Morley

ENDS