Trading Update and Notice of Results

04 October 2012

Lombard Risk Management plc

("Lombard Risk" or the "Company")

Update on Trading

Lombard Risk Management plc (LSE: LRM), a leading global provider of integrated collateral management, liquidity and regulatory reporting and compliance solutions for the financial services industry, announces an update on trading following the end of the first half year to 30 September 2012.

The Company is pleased to announce that it has signed a substantial contract to supply its Dodd-Frank and EMIR (European Market Infrastructure Regulation) transactional reporting products to a major European bank. No revenue from this contract has been recognised in the half year results.

The Company continues to see strong interest across its product range and remains in discussions with a number of major financial institutions in the UK and abroad.

The Board confirms that trading was slightly ahead of management forecasts for the six month period to 30 September 2012. The performance to date gives the Board reason to believe that the Company will meet market expectations for the year ending 31 March 2013.

The Company will release its interim results on Wednesday 24 October 2012. An analyst presentation will be held on the day at 9.30am at the offices of Newgate Threadneedle - Aldermary House, 10-15 Queen Street, London, EC4N 1TX.

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