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Lindsell Train Limited was established in late 2000 and is thus in its eighthyear of business. Today, the Company manages or advises Funds totaling £515mn as at 31 Dec 2007.

Clients comprise two investment trusts and nine open-ended investment funds. The Company's areas of investment expertise include Japanese Equities, UK Equities and Global Multi-Asset Class.

Michael Lindsell and Nick Train worked together for 6 years during the 1990s at GT Management plc, before that company's takeover, where they developed the shared investment approach and professional sympathy that encouraged them to establish their own investment business.

The Company is founded on three business principles:

- to closely align the interests of the founders with their customers
- to manage absolute return mandates
- to invest with a disciplined, value oriented approach


LTL Business Principles
LINDSELL TRAIN LIMITED 2 QUEEN ANNE'S GATE BUILDINGS DARTMOUTH STREET LONDON SW1H 9BP
TEL: +44 (0)20 7227 8200 FAX: +44 (0)20 7227 8299 EMAIL: info@LindsellTrain.com
Lindsell Train Limited is authorised and regulated by the Financial Services Authority
© 2008 Lindsell Train. All rights reserved. Legal Disclaimer.