Net Asset Value

The Law Debenture Corporation p.l.c.

Fifth Floor

100 Wood Street

London EC2V 7EX

Tel: [phone]

24 October 2011

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 21 October 2011 was 322.04 pence per share. The mid-market price at the
close of business that day was 345.00 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