Result of AGM

THE LAW DEBENTURE CORPORATION p.l.c.                      

                            ANNUAL GENERAL MEETING                             

                             TUESDAY 17 APRIL 2007                             

                            Results of Proxy Voting                            

The Law Debenture Corporation p.l.c. confirms that the following proxy votes
were received ahead of its annual general meeting held this morning.

Total valid proxies received - 23,256,614 (representing 19.75% of the total
voting rights in issue).

The percentage of those votes expressed to be in favour of each resolution (or
where discretion was given to the Chairman of the meeting, in which case it is
assumed that those votes would also have been declared in favour) are set out
below:

Resolution No.

1. To receive the directors' report and accounts - 99.2%

2 To approve the directors' remuneration report - 99.6%

3 To declare a final dividend - 100%

4 To re-elect R J Williams as a director - 99.1%

5 To re-elect DCP McDougall as a director - 99.9%

6 To reappoint PKF as auditors - 99.1%

7 To renew the company's general authority to make limited market purchases of
its own shares - 99.6%

8 To renew the directors' general authority to allot shares - 99.8%

9 To approve the disapplication of statutory pre-emption rights - 99.7%

10 To amend the Corporation's Articles of Association* - 99.2%

* The changes are to facilitate electronic voting.

All resolutions were approved by the required majority.

Copies of resolutions 7, 8, 9 and 10, being special resolutions, have been
issued to the UKLA's document viewing facility where they may be viewed free of
charge.

A fuller analysis of the above proxy votes is available on the Corporation's
website at www.lawdeb.com under Law Debenture Investment Trust/Investor
Information/Corporate Governance.

Issued by the Company Secretary, The Law Debenture Corporation p.l.c., Fifth
Floor, 100 Wood Street, London EC2V 7EX (tel: [phone]).