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Lombard Risk Management Plc ('the Company')
29th November 2004

Lombard Risk Management plc (“the Company”) has today made application for the admission to AIM of 12,222,222 new ordinary shares of 0.5 pence issued by the Company. The shares have been issued to AMF (NBF) Holdings Inc in consideration for payment of GBP 1.1m at a price of 9p per ordinary share.

The shares shall rank pari passu with the existing issued shares of the Company and admission of the new ordinary shares is expected to be effective on 2nd December 2004.

The issued share capital is therefore 115,876,607 ordinary shares of 0.5 pence each.

Enquiries:

Lombard Risk Management plc:
John Wisbey, Chairman and CEO
Tel : +44 (0)20 7384 5000

Click here to email Lombard Risk's Investor Relations team

Noble & Company Ltd:
Matthew Hall
Tel: +44 (0)20 7763 2200