Net Asset Value

The Law Debenture Corporation p.l.c.

Fifth Floor

100 Wood Street

London EC2V 7EX

Tel: [phone]

28 May 2013

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 24 May 2013 was 436.24 pence per share (ex income) and 441.10 pence per
share (cum income). With the Corporation's long term debt stated at fair value,
the NAV is reduced by 8.04 pence per share. The mid-market price at the close
of business on 24 May was 503.00 pence per share.

Important Note:

The NAV is 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.

Ian Bowden

Company Secretary