Directorate Change

13 November 2013

Lombard Risk Management plc

("Lombard Risk" or the "Company")

Board Changes

Lombard Risk Management plc (LSE:LRM), a leading global provider of collateral management, liquidity and regulatory reporting and compliance solutions for the financial services industry, is pleased to confirm that, as announced on 8 July 2013, Mr John McCormick has joined the Board as Senior Non-Executive Director with effect from 12 November 2013.

Mr McCormick was Chairman and CEO of Royal Bank of Scotland Group, Asia Pacific ("RBS") until last month October 2013 when he retired from RBS.

Philip Crawford, Chairman, commented "We are delighted to welcome John to the Board. He brings a wealth of knowledge from the banking and securities sector, in particular recently in the Far Eastern markets where he has been based for a number of years."

John Patrick McCormick, aged 52, holds, or has held in the previous five years, the following directorships:

Current directorships:

None

Past directorships:

Royal Bank of Scotland Securities Co. Japan

Mr McCormick has a holding of 5,341,756 Lombard Risk ordinary shares, representing approximately 2.04 % of the company's issued share capital.

Under the terms of John McCormick's Directors' Letter of Appointment, effective from 1 November 2013, he has been granted options over 1,000,000 Lombard Risk ordinary shares (the "Options"). The Options are not subject to any performance criteria and are exercisable at 13 pence per share. 500,000 Options will vest and may be exercised between 1 November 2015 and 1 November 2018, 250,000 Options will vest and may be exercised between 1 November 2016 and 1 November 2018 and the remaining 250,000 will vest and may be exercised between 1 November 2017 and 1 November 2018.

Save for the declarations above there is no further information to be disclosed under Rule 17 or Schedule Two paragraph (g) of the AIM Rules for Companies.

For further information, please contact:

Lombard Risk Management plc Tel: 020 7593 6700

Philip Crawford, Chairman

John Wisbey, CEO john.wisbey@lombardrisk.com

Paul Tuson, CFO paul.tuson@lombardrisk.com

Charles Stanley Securities Tel: 020 7149 6000

Nominated Adviser and Broker

Russell Cook / Carl Holmes

NewgateThreadneedle Tel: 020 7653 9850

Graham Herring / Robyn McConnachie