Dividend Declaration

The Law Debenture Corporation p.l.c.

First Interim Dividend Announcement

· Declaring a first interim dividend of 8.375 pence per ordinary share payable in July 2025, representing an increase of 4.7% over the prior year's first interim dividend.

· It is the Board's intention for each of the first three interim dividends for 2025 to be equivalent to a quarter of Law Debenture's total 2024 dividend of 33.5 pence per ordinary share.

The combination of IPS' steady income and our strong reserves allows Law Debenture to continue its 47-year track record of maintaining or increasing its dividend payments.

This dividend will be paid on 4 July 2025 to shareholders on the register at close of business on 6 June 2025. The Corporation's shares will go ex-dividend on 5 June 2025. 

Law Debenture Corporate Services Limited

Corporate Secretary

22 May 2025

Contact:

Teneo

Jo Blackshaw

[email protected]

Notes to Editor

Law Debenture's equity portfolio of investments is managed by James Henderson and Laura Foll of Janus Henderson Investors.

Our objective is to achieve long-term capital growth in real terms and steadily increasing income. The aim is to achieve a higher rate of total return than the FTSE Actuaries All-Share Index Total Return through investing in a diversified portfolio of stocks.

Law Debenture has increased its dividend by more than 113% over the last ten years and outperformed its benchmark, the FTSE Actuaries All-Share Index, by 45.9% over the past five years1.

Our leading independent professional services business accounts for 19% of Law Debenture's NAV but has funded approximately one third of dividends over the past decade. As a result, our Investment Managers' have the flexibility of selecting strong business models and attractive valuation opportunities, which will continue to position the equity portfolio for future longer-term growth and outperformance.

The Law Debenture Corporation p.l.c. is registered in England, company registration number 00030397. LEI number - 2138006E39QX7XV6PP21

1 Source: Law Debenture's Annual Financial Report for the period ended 31 December 2024.