Net Asset Value
The Board of The Law Debenture Corporation p.l.c. announces that its Net Asset
Value (NAV Ex Income) at 30 April 2012 was 353.31 pence per share and NAV Cum
Income was 357.83 pence per share. The mid-market price at the close of
business that day was 378.50 pence per share.
In accordance with listing rule 15.6.8, The Law Debenture Corporation p.l.c.
announces that it has no investments in other UK listed investment companies
that require to be disclosed. Its top ten holdings, including all holdings with
a value greater than 5% of the Corporation's gross assets as at 30 April 2012
are set out below
Top 10 Holdings
The top 10 holdings in the portfolio as at 30 April 2012 were:
Rank Name of Holding % of portfolio
(excl. cash)
1. UK Treasury 4.5% 07/03/13 4.41
2. Senior 3.75
3. UK Treasury 2.25% 07/03/14 3.27
4. BP 2.58
5. Henderson Japan Capital Growth 2.54
6. Henderson Asia Pacific Capital Growth 2.50
7. Royal Dutch Shell 2.46
8. GlaxoSmithKline 2.34
9. Baillie Gifford Pacific 2.09
10. GKN 2.06
Geographical Split
Region % of portfolio
UK 66
Europe 7
North America 8
Japan 3
Other Pacific 8
Other -
Cash and Fixed Interest 8
TOTAL 100
Released by The Law Debenture Corporation p.l.c., Fifth Floor, 100 Wood Street,
London, EC2V 7EX (contact Ian Bowden, Company Secretariat, 020 7696 5285).