Annual Financial Report - Correction

The Law Debenture Corporation p.l.c.                      

                                  Fifth Floor                                  

                                100 Wood Street                                

                                    London                                     

                                   EC2V 7EX                                    

                     ANNUAL FINANCIAL REPORT - CORRECTION                      

An error has been identified in the Annual Financial Report published this
morning in the Financial Summary and Performance section, under "Financial
Summary".

We incorrectly state that:

"NAV per share after proposed final dividend with debt at fair value" is 374.55
pence (2012) and 323.75 pence (2011).

Those numbers are actually the "NAV per share after proposed final dividend".

The correct table is as follows:

Financial summary and performance

Financial summary

                                     31 December    31 December
                                                               
                                            2012           2011
                                                               
                                           pence          pence

                                                               
Share price                               425.00         333.50

                                                               
NAV per share after proposed final        374.55         323.75
dividend                                                       
               
                                                
NAV per share after proposed final        367.86         323.75
dividend with debt at fair value*                              
                              
                                 
Revenue return per share                                       
                                                               
- Investment trust                          8.47           8.27
                                                               
- Independent fiduciary services            6.67           7.25
                                                               
Group revenue return per share             15.14          15.52
                                                               
Capital return/(loss) per share            50.24        (19.07)
                                                               
Dividends per share                        14.25          13.50


The estimated fair value of the debt at 31 December 2012 has been based upon
the redemption yield of the reference gilt plus a margin derived from the 
spread of BBB UK corporate bond yields over UK gilt yields.

1 March 2013

For further information, contact Ian Bowden on 020 7696 5285.