Issue of Shares and Senior Appointment

Lombard Risk Management plc (the "Company")
13th May 2008

Lombard Risk Management plc (“Lombard Risk”), a fast growing company providing regulatory, risk management and valuation software for the financial sector, announces that it has issued 441,176 ordinary shares at 5.67p per share to its newly appointed Chief Technology Officer, Mr. Nick Davies, pursuant to contractual arrangements made on Mr. Davies’s appointment.

Nick Davies joined Lombard Risk in January 2008 from J.P. Morgan where he was Technical Director, Worldwide Securities.

Application has been made to the London Stock Exchange for the admission to trading of the 441,176 ordinary shares on AIM. Admission of these ordinary shares is expected to become effective on 19 May 2008. Following this issue the total number of ordinary shares of 0.5p in issue is 136,176,786.

Enquiries:

John Wisbey
Chairman and CEO
Tel : +44 (0)20 7384 5000

Noble & Company Limited
Matthew Hall, Director
Tel: +44 20 7763 2200

Bishopsgate Communications Ltd
Dominic Barretto, COO
Tel: +44 20 7562 3350

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