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Law Debenture Corp PLC  -  LWDB   

Net Asset Value and Portfolio Update

Released 16:08 02-Jan-2013

Net Asset Value and Portfolio Update

Net Asset Value

The Board of The Law Debenture Corporation p.l.c. announces that its Net Asset
Value (NAV Ex Income) at 31 December 2012 was 373.60 pence per share and NAV
Cum Income was 383.56 pence per share. The mid-market price at the close of
business that day was 425.00 pence per share.

In accordance with listing rule 15.6.8, The Law Debenture Corporation p.l.c.
announces that it has no investments in other UK listed investment companies
that require to be disclosed. Its top ten holdings, including all holdings with
a value greater than 5% of the Corporation's gross assets as at 31 December
2012 are set out below

Top 10 Holdings

The top 10 holdings in the portfolio as at 31 December 2012 were:

Rank     Name of Holding                         % of portfolio
                                                   (excl. cash)
1.       UK Treasury 4.5% 07/03/13                         4.10
2.       Senior                                            3.14
3.       UK Treasury 2.25% 07/03/14                        3.09
4.       Henderson Asia Pacific Capital Growth             2.52
5.       BP                                                2.35
6.       Henderson Japan Capital Growth                    2.34
7.       Royal Dutch Shell                                 2.27
8.       GKN                                               2.21
9.       Baillie Gifford Pacific                           2.15
10.      GlaxoSmithKline                                   2.09

Geographical Split

Region                           % of portfolio
UK                               67            
Europe                           8             
North America                    6             
Japan                            3             
Other Pacific                    7             
Other                            -             
Cash and Fixed Interest          9             
TOTAL                            100           

Released by The Law Debenture Corporation p.l.c., Fifth Floor, 100 Wood Street,
London, EC2V 7EX (contact Ian Bowden, Company Secretariat, 020 7696 5285).


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Net Asset Value and Portfolio Update - RNS