LWDB Law Debenture Corporation Plc

The Law Debenture Corporation p.l.c.

Fifth Floor

100 Wood Street

London EC2V 7EX

Tel: 020 7696 5285

23 September 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 20 September 2013 was 448.76 pence per share (ex income) and 455.01 pence
per share (cum income). With the Corporation's long term debt stated at fair
value, the NAV is reduced by 4.52 pence per share. The mid-market price at the
close of business on 20 September was 515.00 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