Director Shareholding Announcement

Lombard Risk Management plc (the "Company")
26th April 2006

The Board of Lombard Risk Management plc announces that it has received notification that John Wisbey, Chairman and CEO, acquired on 25 April 2006 a total of 150,000 shares in the Company at an average price of 7.33 p per share. John Wisbey is now interested in a personal capacity in 77,224,562 ordinary shares in the Company representing 59.16% of the current issued share capital.

John Wisbey also holds interests in the Company through the shareholding of Advanced Technology Trust. John Wisbey is a beneficiary of Advanced Technology Trust. The total beneficial interest of John Wisbey in the Company has now increased to 81,174,562 ordinary shares representing 62.19% of the current issued share capital of the Company.

The ordinary shares referred to above are the ordinary shares of 0.5p per share.

EnquirIes:

Lombard Risk Management plc:

John Wisbey, Chairman and CEO

Spencer Backhouse, Company Secretary
Tel : +44 (0)20 7384 5000

Noble & Company (Nominated Advisors)
Matthew Hall, Director
Tel: +44 20 7763 2200


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