Director/PDMR Shareholding

25 November 2015

Lombard Risk Management plc

("Lombard Risk" or the "Company")

Director's share dealing

Lombard Risk (AIM: LRM.L), a leading provider of integrated collateral management and regulatory reporting solutions for the financial services industry, has been notified that Nigel Gurney, Finance Director, has acquired 337 Lombard Risk ordinary shares at a price of 11.25p per share. The shares were acquired pursuant to a standing instruction given to the Nominee Company in which his shares are registered to reinvest the proceeds of all dividends from the Company. The shares were acquired on 16 November 2015.

Following the purchase Mr Gurney's shareholding is 111,004 ordinary shares representing approximately 0.04% of the Company's issued share capital. In addition Mr Gurney has a beneficial interest in options over 2,000,000 Lombard Risk ordinary shares which, when exercised, will represent a further 0.65% of the Company's enlarged issued share capital.

Enquiries:

Lombard Risk Management plc 020 7593 6700

Philip Crawford, Executive Chairman

Nigel Gurney, Finance Director

Panmure Gordon (UK) Limited 020 7886 2500

(Nominated Adviser and Broker)

Russell Cook

James Greenwood

Newgate 020 7653 9850

(Financial PR)

Tim Thompson

Bob Huxford

Robyn McConnachie