LWDB Law Debenture Corporation Plc

The Law Debenture Corporation p.l.c.

Fifth Floor

100 Wood Street

London EC2V 7EX

Tel: 020 7696 5285

29 October 2012

Net Asset Value - The Law Debenture Corporation p.l.c.

The Law Debenture Corporation p.l.c. announces that its Net Asset Value ("NAV") at 26 October 2012 was 362.15 pence per share (ex income) and 368.47 pence per share (cum income). The mid-market price at the close of business that day was 398.00 pence per share.

Important Note:

The NAV is calculated and published in accordance with International Financial Reporting Standards. All NAV announcements prior to 5 August 2005 were calculated under UK Generally Accepted Accounting Principles.

Ian Bowden

Company Secretary