Liontrust AuMA £19.6bn, Net Outflows £0.8bn

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Trading Statement

LIONTRUST ASSET MANAGEMENT PLC Released 07:00:04 22 April 2026 RNS Number : 3869B Liontrust Asset Management PLC 22 April 2026

LEI: 549300XVXU6S7PLCL855

For immediate release

22 April 2026

LIONTRUST ASSET MANAGEMENT PLC

Trading Update

Liontrust Asset Management Plc (" Liontrust " or the " Company "), the specialist independent active asset management group, today issues its trading update for the three months ended 31 March 2026 (the " Period ").

· Net outflows of £0.8 billion in the Period (2025: £1.3 billion).

· Two institutional mandates of over £500 million in aggregate awarded during the Period which we expect to be funded before the end of May 2026.

· Assets under management and advice (" AuMA ") were £19.6 billion as at 31 March 2026.

· AuMA as at 20 April 2026 were £20.8 billion.

· River Global PLC held a General Meeting on 14 April 2026 to approve the sale of River Global Holdings Limited (" RGH ") to Liontrust. The proposal was approved with 99.97% of votes cast in favour. RGH's AuMA as at 31 March 2026 was £2.6 billion 1.

Commenting, John Ions, Chief Executive Officer, said:

"Liontrust is benefiting from investor diversification away from US equities and increasing demand from clients for active management, led by strong performance across our European strategies. New institutional mandate wins are expected to result in funding of over £500 million in this quarter.

This more positive outlook for flows reflects the expansion of Liontrust's international distribution. We are extending our reach in the Middle East and Asia and have continued to make further progress in Europe.

The proposed acquisition of River Global Holdings Limited (" RGH ") is another step forward for Liontrust. RGH will expand Liontrust's range of investment styles, including value, and broaden our client base. There has been a positive reaction from clients and shareholders of Liontrust and River Global PLC to the deal, and we have identified demand for RGH funds from amongst Liontrust's existing client base.

As Liontrust enters the new financial year, we are well positioned to drive organic growth, realise benefits from the proposed acquisition and take advantage of the increased demand for active management."

1 Source: River Global PLC, excludes AuMA related to European Opportunities Trust Plc (" EOT "), where the board of EOT has initiated a strategic review as well as mandates where clients have notified an intention to terminate or funds which are closing down.

Assets under management and advice

On 31 March 2026, our AuMA stood at £19,554 million and were broken down by type and investment process as follows:

| Process | Total | Institutional | IT's | UK Retail | Alternatives | Offshore Funds |
| | (£m) | (£m) | (£m) | (£m) | (£m) | (£m) |
| Sustainable Investment (Equities & Managed funds) | 5,309 | 315 | - | 4,829 | - | 165 |
| Cashflow Solution | 4,086 | 975 | - | 2,503 | 202 | 406 |
| Multi-Asset | 3,550 | - | - | 3,550 | - | - |
| Economic Advantage | 2,219 | 456 | - | 1,740 | - | 23 |
| Global Fundamental | 1,602 | 189 | 1,059 | 354 | - | - |
| Global Equities | 1,027 | - | - | 957 | 23 | 47 |
| Fixed Income | 988 | - | - | 864 | - | 124 |
| Global Innovation | 773 | - | - | 754 | - | 19 |
| Total | 19,554 | 1,935 | 1,059 | 15,551 | 225 | 784 |

AuMA as at 20 April 2026 were £20,753 million.

Flows

The net outflows over the Period were £836 million (2025: £1,284 million). A reconciliation of fund flows and AuMA over the Period is as follows:

| | Total | Institutional Accounts | Investment Trusts | UK Retail Funds & MPS | Alternative Funds 2 | International Funds |
| | (£m) | (£m) | (£m) | (£m) | (£m) | (£m) |

| Opening AuMA - 1 January 2026 | 21,457 | 1,893 | 1,143 | 17,277 | 299 | 845 |

| Net flows | (836) | 83 | (35) | (838) | (6) | (40) |

| Market & Investment performance 2 | (1,067) | (41) | (49) | (888) | (68) | (21) |

| Closing AuMA - 31 March 2026 | 19,554 | 1,935 | 1,059 | 15,551 | 225 | 784 |

2 Includes £60m of AuMA for the Liontrust Diversified Real Assets Funds which was transferred to Foresight Group Holdings Limited at the end of January 2026.

Key Fund Performance (Quartile ranking)

Eight funds in the first or second quartile over 1 and 3 years:

1.    Three Fixed Income funds - SF Monthly Income Bond, SF Corporate Bond and MA Monthly High Income funds.

2.    Two European funds - European Dynamic and GF European Smaller Companies funds.

3.    Three Global funds - Global Technology, Balanced and Emerging Markets funds.

UK domiciled funds

| | Quartile ranking - Since inception | Quartile ranking - 5 year | Quartile ranking - 3 year | Quartile ranking - 1 year | Inception Date |
| Economic Advantage funds |
| Liontrust Special Situations Fund | 1 | 4 | 4 | 4 | 10/11/2005 |
| Liontrust UK Growth Fund | 2 | 3 | 4 | 4 | 01/04/1996 |
| Liontrust UK Micro Cap Fund | 1 | 2 | 4 | 4 | 09/03/2016 |
| Liontrust UK Smaller Companies Fund | 1 | 4 | 4 | 4 | 08/01/1998 |
| Liontrust Global Smaller Companies Fund | 4 | 4 | 4 | 4 | 31/12/2007 |
| Fixed Income funds |
| Liontrust Strategic Bond Fund | 3 | 3 | 3 | 2 | 08/05/2018 |
| Liontrust MA Monthly High Income Fund | 3 | 3 | 1 | 2 | 01/05/2012 |
| Liontrust SF Corporate Bond Fund | 3 | 3 | 2 | 2 | 19/02/2001 |
| Liontrust SF Monthly Income Bond Fund | 1 | 2 | 2 | 2 | 12/07/2010 |
| Sustainable Investment (Equity & Managed) funds |
| Liontrust SF Cautious Managed Fund | 4 | 4 | 4 | 4 | 23/07/2014 |
| Liontrust SF Defensive Managed Fund | 2 | 4 | 4 | 4 | 23/07/2014 |
| Liontrust SF Managed Fund | 2 | 4 | 4 | 4 | 19/02/2001 |
| Liontrust SF Managed Growth Fund | 3 | 4 | 4 | 4 | 19/02/2001 |
| Liontrust SF European Growth Fund | 4 | 4 | 4 | 4 | 19/02/2001 |
| Liontrust SF Global Growth Fund | 4 | 4 | 4 | 4 | 19/02/2001 |
| Liontrust SF UK Growth Fund | 4 | 4 | 3 | 4 | 19/02/2001 |
| Liontrust UK Ethical Fund | 4 | 4 | 4 | 4 | 01/12/2000 |
| Global Innovation funds |
| Liontrust Global Dividend Fund | 3 | 3 | 3 | 3 | 20/12/2012 |
| Liontrust Global Innovation Fund | 1 | 3 | 2 | 3 | 31/12/2001 |
| Liontrust Global Technology Fund | 3 | 2 | 1 | 1 | 15/12/2015 |
| Global Equity funds |
| Liontrust Balanced Fund | 1 | 1 | 1 | 1 | 31/12/1998 |
| Liontrust China Fund | 4 | 4 | 4 | 4 | 31/12/2004 |
| Liontrust Emerging Market Fund | 2 | 3 | 1 | 1 | 30/09/2008 |
| Liontrust Global Alpha Fund | 1 | 3 | 2 | 3 | 31/12/2001 |
| Liontrust India Fund | 4 | 2 | 3 | 4 | 29/12/2006 |
| Liontrust Japan Equity Fund | 4 | 3 | 3 | 3 | 22/06/2015 |
| Liontrust Latin America Fund | 3 | 3 | 2 | 3 | 03/12/2007 |
| Liontrust US Opportunities Fund | 2 | 4 | 3 | 2 | 31/12/2002 |
| Cashflow Solution funds |
| Liontrust European Dynamic Fund | 1 | 1 | 1 | 1 | 15/11/2006 |
| Global Fundamental funds |
| Liontrust Income Fund | 2 | 3 | 4 | 4 | 31/12/2002 |
| Edinburgh Investment Trust Plc | 1 | 2 | 3 | 3 | 31/03/2020 |
| Liontrust UK Equity Fund | 1 | 3 | 3 | 4 | 27/03/2003 |
| Multi-Asset funds |
| Liontrust MA Explorer 35 Fund | 2 | - | - | 4 | 31/12/2002 |
| Liontrust MA Explorer Income 45 Fund | 3 | - | - | 4 | 31/03/2020 |
| Liontrust MA Explorer Income 60 Fund | 2 | - | - | 4 | 27/03/2003 |
| Liontrust MA Explorer 70 Fund | 3 | - | - | 4 | 29/09/2003 |
| Liontrust MA Explorer 85 Fund | 3 | - | - | 4 | 29/09/2003 |
| Liontrust MA Explorer 100 Fund | 3 | - | - | 4 | 29/09/2003 |
| Liontrust MA UK Equity Fund | 4 | 3 | 3 | 3 | 12/11/2001 |

Irish domiciled funds

| Economic Advantage funds |
| Liontrust GF Special Situations Fund | 4 | 4 | 4 | 4 | 08/11/2012 |
| Liontrust GF UK Growth Fund | 2 | 3 | 4 | 4 | 03/09/2014 |
| Liontrust GF SF Global Growth Fund | 3 | 4 | 3 | 4 | 12/11/2019 |
| Liontrust GF SF Multi Asset Global Fund | 4 | - | 4 | 4 | 13/10/2021 |
| Liontrust GF SF Pan-European Growth Fund | 3 | 4 | 4 | 4 | 14/03/2001 |
| Liontrust GF SF US Growth Fund | 4 | - | - | 4 | 07/07/2023 |
| Cashflow Solution funds |
| Liontrust GF European Smaller Companies Fund | 1 | 1 | 1 | 2 | 01/02/2017 |
| Liontrust GF European Strategic Equity Fund | 2 | 1 | 2 | 4 | 25/04/2014 |
| Liontrust GF Pan-European Dynamic Fund | 2 | - | - | 1 | 27/02/2024 |
| Fixed Income funds |
| Liontrust GF Global Short Dated Corporate Bond Fund | 3 | 2 | 3 | 4 | 26/06/2018 |
| Liontrust GF High Yield Fund | 1 | 1 | 1 | 3 | 08/06/2018 |
| Liontrust GF Global Corporate Bond Fund | 2 | 2 | 3 | 3 | 13/04/2018 |
| Liontrust GF SF European Corporate Bond Fund | 3 | 2 | 1 | 3 | 29/05/2018 |
| Global Equities funds |
| Liontrust GF Global Alpha Long Short Fund | 1 | 3 | 2 | 4 | 24/02/2014 |

| Global Innovation funds |
| Liontrust GF Global Dividend Fund | 3 | - | - | 3 | 27/11/2024 |
| Liontrust GF Global Innovation Fund | 3 | - | - | 2 | 27/11/2024 |
| Liontrust GF Global Technology Fund | 2 | - | - | 1 | 27/11/2024 |

Source: Financial Express to 31 March 2026 as at 21 April 2026, bid-bid, total return, net of fees, based on primary share

class.

Past performance is not a guide to future performance. Investments can result in a total loss of capital. The above funds are UK authorised unit trusts, OEICs, Irish authorised UCITs (primary share class), or UK‑listed investment trusts. Onshore funds use the Financial Express Investment Association sectors. Offshore funds use the FCA‑recognised offshore sectors. Edinburgh Investment Trust Plc uses the AIC Investment Trust UK Equity Income sector.

Liontrust Global Smaller Companies Fund moved from the Global Equities team to the Economic Advantage team on 14 January 2025.

The Liontrust GF Strategic Bond Fund changed name to the Liontrust GF Global Corporate Bond Fund on the 14 November 2025.

MA Explorer funds had an objective change on 05/04/2023 and rankings are shown from then.

The MA Dynamic Passive fund range, MA Blended fund range, and the Russia Fund (suspended) are not included, as they are in IA sectors that are not rankable.

Notice of Full Year Results Announcement

Liontrust confirms that it will be announcing its full year results for the financial year ended 31 March 2026 on Wednesday, 24 June 2026.

For further information please contact:

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

Stephen Corbett: Head of Investor Relations

Simon Hildrey: Chief Marketing Officer

Berenberg (Tel: 020 3207 7800)

Investment Banking: James Felix, John Welch, Dan Gee-Summons

Panmure Liberum (Tel: 020 7886 2500)

Corporate Broking: David Watkins

Corporate Advisory: Atholl Tweedie

Singer Capital Markets (Tel: 020 7496 3000)

Corporate Broking: Charles Leigh-Pemberton

Corporate Advisory: James Moat

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.

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