Net Asset Value(s)

The Law Debenture Corporation p.l.c.
Fifth Floor
100 Wood Street
London EC2V 7EX
Tel: [phone]

05 February 2007

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 02 February 2007 was 330.42 pence per share. The mid-market price at the
close of business that day was 357.75 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.

Ian Bowden
Company Secretary