Purchase of Own Securities

LAW DEBENTURE CORPORATION PLC
19 October 1999


The Law Debenture Corporation p.l.c. announces that at a meeting today the Board
decided that a proposal for the Company to be authorised to purchase its own
equity shares, subject to the necessary amendment to Sections 264 to 266 of
the Companies Act 1985 coming into effect be put to shareholders for their
approval.

It is expected that a circular to shareholders will be posted on or about 6
November 1999.

ENQUIRIES:
Peter Skeggs
on 0171 696 5225.