Lombard Risk Management Regulatory News (LRM)

30 April 2010

Lombard Risk Management plc

("Lombard Risk" or the "Company")

Board Changes

Lombard Risk Management plc (AIM: LRM), the global provider of specialised software solutions that improve the management of collateralised trading, liquidity and regulatory compliance, announces a number of board changes.

The changes will provide strong Corporate Governance, add considerable commercial experience to the board and ensure that the business is subject to tight operational controls. The new board has been put in place to deliver continued growth and to drive the business towards profitability.

In summary the new board will comprise of:

Appointment of Non-Executive Chairman

Philip Crawford, former President International of EDS and former Chief Executive of Oracle in the UK and Ireland, has been appointed Non-Executive Chairman with effect from 1 May 2010.

Philip Crawford has worked in the IT Industry since 1983. He has held a number of senior positions in software, hardware and services companies including senior vice president of Oracle Corporation with membership of the executive board and Larry Ellison's Strategy Council, President of EDS International with responsibility for all markets outside the US, Chief Executive of Bull UK and Executive Vice President and head of EMEA- i2 Technologies. Since retiring from full time employment in 2002, Philip has concentrated on his non-executive director portfolio and acts as a "business angel". He is currently Chairman of a small number of companies including Avanti Capital Plc, and Crimsonwing Plc.

Appointment of Chief Executive

John Wisbey is relinquishing his role as Chairman which he has held since the founding of the Company from 1 May 2010 and has resumed his role as Chief Executive Officer

Appointment of Non-Executive Director

Mike Shinya, currently CEO of IBS, former COO of Microfocus and CEO of Sherwood International plc at the time of its sale to Sungard, has been appointed a Non-Executive Director from 1 May 2010.

Mike Shinya is the CEO of IBS Group a Stockholm headquartered Business Applications Software company operating in over 20 countries globally. Prior to this position Mike was CEO at Sherwood International and Chief Operating Officer at Micro Focus plc (both publicly quoted UK software companies). Mike has been in the IT industry for over 30 years having served in senior positions at IBM, Oracle and Baan Company.

Appointment of Chief Operating Officer and Finance Director

Chris Langridge has joined the board as Chief Operating Officer and Finance Director.

Chris Langridge has been the CEO and CFO of several AIM listed companies as well as private companies in Asia, the USA and the UK, implementing robust financial controls and reporting regimes, focusing primarily on cash control. He brings many years of experience of building strong management teams, who are focused on and dedicated to delivering success and profitability and who are confident and outward facing and can therefore understand what is happening in their market at all times. Qualified as a chartered accountant with Ernst and Young, he has spent many years working in Hong Kong and the USA. Most recently he was working with RCapital as Chairman of several of their investee companies, most notably Herald Electronics

Appointment of Executive Director

Nicholas Davies, Lombard Risk's Chief Technology Officer, and formerly Technical Director, Worldwide Securities for JP Morgan in London has joined the board. At JP Morgan he was the head of technology for three global businesses Globeclear, Collateral Management and Global Trust. He acquired experience at JP Morgan of leading large global teams, including offshore resourcing. He was responsible for the architecture of the JP Morgan collateral platform, and is a member of the SWIFT Innotribe.

Departure of Director

Keith Butcher, the Finance Director since September 2009 and Chief Executive Officer since 15th March 2010 has left the Company. The Board would like to thank Keith for his efforts.

Ian Peacock, Non-Executive Deputy Chairman and a director of the Company since before its IPO in 2004, has announced his intention to retire by the end of 2010 after the new board has had a chance to work together for some time.

John Wisbey, Chief Executive Officer, commented as follows :

"These new Board appointments greatly enhance the breadth and depth of the board. At executive level Chris Langridge will bring with him heavyweight experience of achieving operational excellence and structure and achieving growth while seeing through efficiency and cost reduction programmes. On the non-executive side, we are very fortunate to be joined by two people with the outstanding experience of Philip Crawford and Mike Shinya. They both bring with them experience at very senior commercial levels gained in some of the best technology companies in the world.

"We face very exciting opportunities as a firm as well as various challenges and we now have a highly talented and capable board that will be pulling in the same direction to take the company to the next level. This appreciable change of board, together with the recent change of broker to Allenby Capital, are very positive steps which will allow us to focus on shareholder value through further growth and to address the disparity between the current share price and the sum of the values of the various parts of the Company."

Philip Crawford, Chairman, commented as follows :

"I am delighted to have the opportunity to join Lombard Risk as its Chairman at an important time for the company. Lombard Risk is a market leader in various fields such as collateral management and regulatory compliance software. The Board we have put together will be strong on Corporate Governance which each of the Board members considers to be very important. The new Board will also be able to add value and will be a balanced team with relevant knowledge of the sector and the market verticals in which the Company operates."

- ENDS -

Contacts:

Regulatory information

Philip James Crawford (58 years old)

Philip Crawford was a director of Wordmap Limited which was placed into administration on 25 August 2006. Wordmap was then subsequently placed into creditors' voluntary liquidation on 11 February 2008.

There is no further information on Philip Crawford required to be disclosed under Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies.

Michael Shigeo Shinya (52 years old)

There is no further information on Michael Shinya required to be disclosed under Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies.

Christopher Timothy Langridge (55 years old)

Christopher Langridge was a director of Aquilo plc which was placed into administration on 1 October 2007.

Christopher Langridge was a director of IT Solutions (GB) Limited which was placed into administration on 30 August. IT Solutions Limited was subsequently placed into liquidation.

Christopher Langridge was a director of Aquilo Inspection and Reinstatement Limited which was placed into administration on 15 September 2007. Aquilo Inspection and Reinstatement Limited was subsequently placed into liquidation.

Christopher Langridge was a director of Aquilo Strategic Services Limited which was struck off the Register of Companies and dissolved on 23 June 2009.

Christopher Langridge was a director of Aquilo Management Services Limited which was placed into members voluntary liquidation on 8 October 2007. Aquilo Management Services Limited was subsequently dissolved on 2 August 2009.

Christopher Langridge was a director of Aquilo Business Solutions Limited which went into administration on 12 September 2007. Aquilo Business Solutions Limited was subsequently dissolved on 11 May 2009.

Christopher Langridge was a director of Aquilo Supply Holdings Limited which was struck off the Register of Companies and dissolved on 31 March 2009.

The Company is currently awaiting further details in relation to these administrations from Christopher Langridge and an update announcement will be made if appropriate. Aside from this, there is no further information on Christopher Langridge required to be disclosed under Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies.

Nicholas Davies (39 years old)

There is no further information on Nicholas Davies required to be disclosed under Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies.