Result of Open Offer

7 July 2016

Lombard Risk Management Plc

Result of Open Offer

Lombard Risk Management plc (AIM: LRM) ("Lombard Risk" or the "Company"), a leading provider of integrated collateral management, regulatory compliance and reporting solutions for the financial services industry, is pleased to announce that it has raised gross proceeds of approximately £0.3 million pursuant to the Open Offer that was announced on 17 June 2016.

Highlights:

· Approximately £8.3 million raised pursuant to the Placing and Open Offer.

· Applications received for 3,434,088 Open Offer Shares at 8.75 pence per share, representing a take-up rate of 39.34 per cent.

· The proceeds of the Placing and Open Offer will be used to further develop and accelerate the Company's product suite and optimise and extend the Company's development capabilities.

Directors' Interests

As previously announced, the Directors participated in the Placing but have not applied for Open Offer Shares. Following the closing of the Open Offer and Placing, the Directors will have the following interests in Ordinary Shares:

†Includes 234 Ordinary Shares held in treasury

Admission and Total Voting Rights

Application has been made for the Open Offer Shares to be admitted to trading on AIM and it is expected that Open Offer Admission will become effective and trading will commence in the Open Offer Shares at 8.00 a.m. on 8 July 2016. Following Open Offer Admission the Company's issued share capital will comprise 400,393,920 Ordinary Shares of which 234 Ordinary Shares are held in treasury. Accordingly, the figure of 400,393,920 may be used by Shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

Defined terms used in this announcement will have the meaning (unless the context otherwise requires) as set out in the Circular posted to shareholders on 17 June 2016 which is available on the Company's website www.lombardrisk.com. 

For further information, please contact:

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

About Lombard Risk

Lombard Risk is a leading provider of regulatory reporting and collateral management solutions to the financial services industry. Through intelligent automation and optimisation, Lombard Risk's clients are able to improve their approach to risk management, gaining the agility they need to have a competitive advantage. As well as bringing immediate and urgent solutions to clients' needs, Lombard Risk's global team of experts look beyond today's reporting and collateral management to develop technology solutions that help them adapt as industry challenges evolve.

Counting over 30 of the world's 'Top 50' financial institutions among its clients, Lombard Risk has been a trusted partner for 27 years. Founded in 1989 and headquartered in London, it has offices in New York and Asia Pacific (Hong Kong, Shanghai, Singapore and Tokyo), and service centres in Germany, Atlanta, Cape Town and Miami. Find out more at lombardrisk.com