Net Asset Value(s)

The Law Debenture Corporation p.l.c.

Fifth Floor

100 Wood Street

London EC2V 7EX

Tel: [phone]

28 April 2008

Net Asset Value - The Law Debenture Corporation p.l.c.

The Law Debenture Corporation p.l.c. announces that its Net Asset Value ("NAV")
at 25 April 2008 was 314.24 pence per share. The mid-market price at the close
of business that day was 324.00 pence per share.

Important Note:

The NAV does not include income and is now calculated and published in
accordance with International Financial Reporting Standards. All NAV
announcements prior to 5 August 2005 were calculated under UK Generally
Accepted Accounting Principles.

Sharon Martin

Deputy Company Secretary