Director/PDMR Shareholding

14 August 2013

Lombard Risk Management plc

("Lombard Risk" or the "Company")

Director / PDMR Shareholding

Lombard Risk Management plc (AIM: LRM), a leading global provider of collateral management, liquidity and regulatory reporting and compliance solutions for the financial services industry, has received notification that Paul Tuson, Chief Financial Officer, yesterday sold 1,200,000 Ordinary Shares in the Company, held by him and his wife, at a price of 11.75 pence per share.

In addition, Paul Tuson has notified the Company that he is exercising options over 2,400,000 Ordinary Shares at an exercise price of 5.5 pence per share.

Following the above transactions and the admission of the new Ordinary Shares pursuant to the exercise of options, Paul Tuson will increase his beneficial holding in the issued share capital of the Company to 2,960,000 Ordinary Shares, representing 1.14 per cent. of the enlarged issued share capital.

Application has been made for the 2,400,000 new Ordinary Shares to be admitted to trading on AIM and it is expected that admission will take place on 20 August 2013.

The new Ordinary Shares will rank pari passu with the existing shares of the Company. Following this allotment, the total issued share capital of the Company will increase to 258,686,260 ordinary shares.

For further information, please contact:

Lombard Risk Management plc Tel: 020 7593 6700

Philip Crawford, Chairman

John Wisbey, CEO [email protected]

Paul Tuson, CFO [email protected]

Charles Stanley Securities Tel: 020 7149 6000

Nominated Adviser and Broker

Russell Cook / Carl Holmes

NewgateThreadneedle Tel: 020 7653 9850

Graham Herring / Robyn McConnachie