Director/PDMR Shareholding

The Law Debenture Corporation p.l.c.

Fifth Floor

100 Wood Street

London EC2V 7EX

Tel: [phone]

3 August 2007

Director Shareholding

The Law Debenture Corporation p.l.c. announces that on 2 August 2007, Mrs C J
Banszky exercised 14,180 Executive Share Options which were granted on 2 August
2002. The exercise price was 211.5 p per share.

Mrs Banszky's holding following this exercise is 47,139 shares (0.040%).

Sharon Tyson

Deputy Company Secretary