Annual Information Update

PROSPECTUS DIRECTIVE REQUIREMENT TO PROVIDE                  

                           ANNUAL INFORMATION UPDATE                           

This announcement is made in compliance with the requirements of the UK Listing
Authority's rule PR 5.2, which requires an issuer to prepare a document at
least annually that refers to or contains all information that has been
published or made available to the public over the previous 12 months. The
information below relates to the period of 11 March 2006 to 8 March 2007, this
latter date being the date that the Corporation's annual financial statements
were published.

Below is a list of announcements made through the regulatory information
services during the above mentioned period, in compliance with requirements in
the UK Listing Authority rules, the Companies Act 1985 and the Application of
International Accounting Standards. The Corporation has not made any
announcements in connection with requirements under laws and rules of other EEA
states.

Directors' Dealings

A total of 20 notifications were made about directors' dealings. The
Corporation's Managing Director, Caroline Banszky, participated in monthly
savings plans and these accounted for the bulk of the announcements. The other
announcements were of dividend reinvestments by other directors arising from
their (or their connected persons') holdings in PEPs and ISAs.

Notifications of movements in significant shareholdings (greater than 3%)/
notification of major interests in shares

Two announcements were made (both in March 2006) following notifications
received under section 198 of the Company's Act 1985 of substantial interest in
shares.

One announcement was made, in February 2007, under the new Disclosure and
Transparency Rules ("DTR").

Purchase of shares by a subsidiary

Two announcements were made, on 2 and 8 March 2007. In both cases, the
announcement concerned the acquisition of Law Debenture shares by a subsidiary
pursuant to awards made in accordance with the Corporation's deferred share
bonus plan.

Final and Interim Results

Announcements were made in July 2006 and February 2007 respectively announcing
the Corporation's interim 2006 results and final 2006 results.

On both occasions, separate announcements were made confirming that the results
documents were available for examination at the UKLA's document viewing
facility.

Results of Annual General Meeting ("AGM") - proxies received

Immediately after the 2006 AGM, in April, the Corporation announced the numbers
of proxy votes received in respect of each resolution proposed at the AGM.

Annual Information Update

The Corporation's Annual Information Update was published on 6 April 2006.

Total Voting Rights

As required under DTR, the Corporation announced its total voting rights figure
on 29 December 2006.

Net Asset Value

The Corporation made a weekly announcement (typically each Monday) of its Net
Asset Value as at close of play the preceding Friday.

Monthly Portfolio Information

In accordance with Listing Rule 15.4.11, the Corporation announced within two
business days of the end of each month a list of all investments in other
listed investment companies and listed investment trusts which themselves did
not have stated investment policies to invest no more than 15% of the total
assets in other listed investment companies or listed investment trusts (in
practice there are none of these), and the ten largest investments in the
portfolio.

Block listing six monthly return

The Corporation submitted block listing notifications in accordance with UK
Listing Authority rules in respect of the Corporation's Executive Share Option
Scheme and the Save As You Earn scheme.

Inside Information

The Corporation confirms that it has made no announcements in the last 12
months containing inside information.

Copies of all of the above announcements can be obtained from the Company
Secretary, The Law Debenture Corporation p.l.c., Fifth Floor, 100 Wood Street,
London, EC2V 7EX (telephone [phone]).

The information contained in the majority of the above announcements is now
historical and therefore out of date.

                     The Law Debenture Corporation p.l.c.