Directorate Change

The Law Debenture Corporation p.l.c.                      

                                  Fifth Floor                                  

                                100 Wood Street                                

                                    London                                     

                                   EC2V 7EX                                    

             APPOINTMENT OF A NEW DIRECTOR, RETIREMENT OF CHAIRMAN             

The Corporation is pleased to announce that Mark Bridgeman has been appointed a
Non-Executive Director of The Law Debenture Corporation p.l.c. with effect from
15 March 2013.

He spent 19 years with Schroder plc as an analyst and then fund manager, rising
to become Global Head of Research. Previous roles at Schroders included Head of
Pan European Research, Head of Global Sector Research, and Emerging Markets
Fund Manager. During his career, he enjoyed successful long term secondments in
Australia and the United States.

Mark left Schroders in 2009 to manage a rural estate and farming business 
in Northumberland. He retains close links with the fund management industry
and is a non-executive director of JP Morgan Brazil Investment Trust, The
Eastern European Trust plc (managed by Blackrock), and North East Finance
(Holdco) Limited, a venture capital fund of funds targeting SMEs in the North
East of England. He is also on the boards of two charities.

The Corporation also announces that Douglas McDougall has decided not to
offer himself for re-election and will therefore stand down as a director and
Chairman at the conclusion of the Annual General Meeting on 10 April 2013. He
leaves with the sincere thanks of the board after 15 years' of dedicated and
professional service during which he has made an incomparable and indelible
contribution to the success of Law Debenture.

Christopher Smith will succeed Douglas as Chairman.

1 March 2013

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