Director Shareholding - Correction

The Law Debenture Corporation p.l.c.

Fifth Floor

100 Wood Street

London

EC2V 7EX

Director Shareholding - Correction

An announcement made today at 14.57 hours about a small acquisition of shares
by Mr Robert Williams, a director of the Corporation, contained an error. His
346 shares (in respect of PEP/ISA dividend reinvestments) were purchased at 217
pence, not 2.17 pence as previously stated.

30 April 2004

Contact Ian Bowden on 020 7696 5285.