LWDB Law Debenture Corporation Plc

The Law Debenture Corporation p.l.c.

Fifth Floor

100 Wood Street

London EC2V 7EX

Tel: 020 7696 5285

12 November 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 9 November 2012 was 360.24 pence per share (ex income) and 367.47 pence per share (cum income). The mid-market price at the close of business that day was 398.70 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