Director/PDMR Shareholding

The Law Debenture Corporation p.l.c.

Fifth Floor

100 Wood Street

London EC2V 7EX

Tel: [phone]

1 August 2008

Director Shareholding

The Law Debenture Corporation p.l.c. announces that on 1 August 2008, Mrs C J
Banszky exercised 9,237 Save as You Earn Options which were granted on 2 July
2003. The exercise price was 172.40 pence per share.

Mrs Banszky's holding following this exercise is 67,341 shares (0.057%).

Sharon Martin

Deputy Company Secretary