Directorate Change

1 September 2014

Lombard Risk Management plc

("Lombard Risk" or the "Company")

Nigel Gurney appointed to Board

Lombard Risk Management plc (AIM:LRM), a leading provider of integrated collateral management, regulatory compliance and reporting solutions for the financial services industry, announced on 9 July 2014 the appointment of Nigel Gurney as Chief Financial Officer. The Company is pleased to announce that Nigel has today been appointed to the Board.

Nigel is a qualified chartered accountant with 20 years' experience in the financial services, wholesale distribution and telecommunications industries. He was previously Chief Financial Officer at Lepe Partners LLP, a specialist independent banking company, prior to which he was Chief Financial Officer of Merchant Securities Group plc and Chief Financial Officer of W.H. Ireland Group plc.

John Wisbey, CEO of Lombard Risk Management, commented: "I would like to welcome Nigel Gurney to the Board on behalf of myself and my fellow directors. We are confident that the experience he brings to the Board will be an asset to the Company. He brings with him both good knowledge of AIM from his time as CFO of WH Ireland, and very relevant knowledge of part of the market space in which our regulatory compliance business operates."

Details of directorships that Nigel John Gurney, age 47 holds, or has held in the previous five years, are given below:

Current directorships:

Celsius Productions Limited

Past directorships:

W.H. Ireland Group PLC

Sanlam Private Investment Holdings Limited

In addition Nigel was a director of Pamela Butler Limited which was placed in voluntary liquidation with no creditor liabilities on 24 January 2011.

Nigel has been issued with options over 2,000,000 Lombard Risk ordinary shares (which represent approximately 0.76% of the Company's issued share capital) at an exercise price of 13p. 230,769 share options have been issued through the Company Share Option Plan vesting on or after 1 September 2017 subject to certain performance criteria. The remaining share options are granted under an unapproved option scheme of which 884,615 will vest on or after 1 September 2016, 442,308 vest on or after 1 September 2017 and the final 442,308 vest on or after 1 September 2018 all subject to satisfying the relevant performance criteria.

Save for the declarations above there is no further information to be disclosed under Rule 17 or Schedule Two paragraph (g) of the AIM Rules for Companies.

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