Unsecured Director Loan

Lombard Risk Management plc
17th September 2007

Lombard Risk Management plc, a company providing regulatory, risk management and valuation software to the financial sector, announces that it has entered into a loan with John Wisbey, Chairman and Chief Executive Officer, for £620,000 (the “Loan”). It is intended that these funds will be used to repay the Company’s existing bank borrowings in full and to provide the Company with additional working capital.

The Loan, which initially bears interest at Alliance & Leicester base rate plus 2.25% and is subject to review on 31 October 2007, is repayable by 29 February 2008, although is repayable earlier in certain circumstances or at the Company’s option.

It is expected that the loan will be repaid by the end of February 2008 out of the Company’s operating cash flow.

In addition to this loan Mr. Wisbey has provided a guarantee of a demand bank facility entered into by the Company in July 2007 with National Westminster Bank plc in the amount of £250,000.

The Directors of the Company, excluding Mr. Wisbey, having consulted with the Company’s nominated adviser, Noble & Company Limited, consider that the terms of the Loan and the guarantee provided by Mr. Wisbey are fair and reasonable, insofar as the Company’s shareholders are concerned.

Enquires:

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

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

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