Holding(s) in Company

For filings with the FCA include the annex

For filings with issuer exclude the annex

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii

LOMBARD RISK MANAGEMENT plc

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

Cashbox placing done by Lombard Risk to raise £8m of new money on a non pre-emptive basis followed by investment of £223k in 35:1 Open Offer and reorganization of shareholding

x

Voting rights came into Rathbones Discretion.

3. Full name of person(s) subject to thenotification obligation: iii

JOHN MICHAEL WISBEY

4. Full name of shareholder(s)  (if different from 3.):iv

5. Date of the transaction and date onwhich the threshold is crossed orreached: v

23 June 2016 - 8 July 2016

6. Date on which issuer notified:

12 July 2016

7. Threshold(s) that is/are crossed orreached: vi, vii

Below 23% (previously below 30%)

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

ORDINARY SHARES

89,188,858

89,188,858

91,737,111

18,216,711

73,520,400

4.55%

18.36%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate xiii

Exercise/Conversion Period xiv

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financialinstrument

Exercise price

Expiration date xvii

Exercise/Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

91,737,111

22.912%

9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi

Direct: Held in own name and in various nominees

Indirect: 45,000,000 held by Compliana Technologies Ltd, 22,132,500 held by Advanced Technology Trust and 6,387,900 in SIPP

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will cease to hold:

12. Date on which proxy holder will cease to hold voting rights:

13. Additional information:

Notification based on total number of voting rights figure of 400,393,920 shares in issue

14. Contact name:

JOHN WISBEY

15. Contact telephone number:

+44 7747 020949