LWDB Law Debenture Corporation Plc

The Law Debenture Corporation p.l.c.

Fifth Floor

100 Wood Street

London EC2V 7EX

Tel: 020 7696 5285

25 March 2013

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 22 March 2013 was 421.02 pence per share (ex income) and 423.45 pence per share (cum income). This includes the proposed 2012 final dividend of 9.75 pence. With the Corporation's long term debt stated at fair value, the NAV is reduced by 6.63 pence per share. The mid-market price at the close of business on 22 March was 466.50 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