Holding(s) in Company

1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii

Lombard Risk Management PLC

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

N/A

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

N/A

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

N/A

An event changing the breakdown of voting rights

N/A

Other (please specify):

Increase in issued share capital position

X

3. Full name of person(s) subject to thenotification obligation: iii

Royal Bank of Canada

4. Full name of shareholder(s)  (if different from 3.):iv

RBC Trustees (CI) Limited

5. Date of the transaction and date onwhich the threshold is crossed orreached: v

23rd June 2016

6. Date on which issuer notified:

24th June 2016

7. Threshold(s) that is/are crossed orreached: vi, vii

Below 6%

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

Ord GBP 0.005

22,132,500

22,132,500

22,132,500

22,132,500

5.58%

ISIN GB00B030JP46

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate xiii

Exercise/Conversion Period xiv

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financialinstrument

Exercise price

Expiration date xvii

Exercise/Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

22,132,500

5.58%

9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi

RBC Trustees (CI) Limited is a wholly owned indirect subsidiary of the Royal Bank of Canada.

Proxy Voting:

10. Name of the proxy holder:

N/A

11. Number of voting rights proxy holder will ceaseto hold:

N/A

12. Date on which proxy holder will cease to holdvoting rights:

N/A

13. Additional information:

Based on issued share capital of 396,959,598

14. Contact name:

Graham Horsnell or Scott Roberts

15. Contact telephone number:

(01534) 602971 / 302982