Total Voting Rights

6 January 2012

Lombard Risk Management plc

("Lombard Risk" or the "Company")

Total Voting Rights

The Board of Lombard Risk announces that the Company's issued share capital as at 31 December 2011 and the date of this announcement consists of 210,309,897 ordinary shares of 0.5 pence each in the Company ("Ordinary Shares"). The Company has held 234 Ordinary Shares in treasury since 1 October 2004. Therefore the total number of voting rights in the Company is 210,309,663.

The above figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Services Authority's Disclosure and Transparency Rules.

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Contacts

Lombard Risk Management plc Tel: 020 7593 6700

www.lombardrisk.com

Philip Crawford, Chairman

John Wisbey, CEO john.wisbey@lombardrisk.com

Paul Tuson, CFO paul.tuson@lombardrisk.com

Allenby Capital Limited Tel: 020 3328 5656

Nominated Adviser and Broker

Jeremy Porter/Alex Price

Threadneedle Communications Tel: 020 7653 9850

Graham Herring/Terry Garrett