Net Asset Value and monthly portfolio announcement

Net Asset Value The Board of The Law Debenture Corporation p.l.c. announces that its Net Asset Value (NAV) at 31st July 2005 was 260.27 pence per share (NAV based on UK Generally Accepted Accounting Principles). The mid-market price at the close of business that day was 274.75 pence per share. In accordance with listing rule 21.20 (l) (i) and (ii), The Law Debenture Corporation p.l.c. announces that it has no investments in other UK listed investment companies. Its top ten holdings, including all holdings with a value greater than 5% of the Corporation's gross assets as at 31st July 2005 are set out below Top 10 Holdings The top 10 holdings in the portfolio as at 31st July 2005 were: Rank Name of Holding % of portfolio (excl. cash) 1. Henderson Pacific Capital Growth 6.76 2. BP 4.78 3. HSBC 2.97 4. Royal Dutch Shell 2.93 5. GlaxoSmithKline 2.86 6. Henderson Japan Capital Growth 2.81 7. Royal Bank of Scotland 2.03 8. Alfred McAlpine 1.67 9. British American Tobacco 1.63 10. Barclays 1.63 Geographical Split Region % of portfolio UK 72 Europe 10 North America 7 Japan 3 Other Pacific 7 Other - Cash and Fixed Interest 1 TOTAL 100 Released by The Law Debenture Corporation p.l.c., Fifth Floor, 100 Wood Street, London, EC2V 7EX (contact Ian Bowden, Company Secretariat, 020 7696 5285).
UK 100