Dividend Declaration

The Law Debenture Corporation p.l.c.

Third Interim Dividend Announcement

· Declaring a third interim dividend of 8.375 pence per ordinary share payable in January 2026, representing an increase of 4.7% over the prior year's third 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 16 January 2026 to shareholders on the register at close of business on 19 December 2025. The Corporation's shares will go ex-dividend on 18 December 2025. 

Law Debenture Corporate Services Limited

Corporate Secretary

11 December 2025

Contact:

Teneo

Oscar Burnett

[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.

In the last ten years 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 94.8% over the past ten years1.

Our leading independent professional services business accounts for 18% 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 unaudited Interim Financial Report for the period ended 30 June 2025.