3 April 2023

Litigation Capital Management Limited

("LCM" or the "Company")

Resolution of investment

Litigation Capital Management Limited (AIM:LIT), an alternative asset manager specialising in dispute financing solutions internationally, announces the realisation and cash receipt of an investment which forms part of LCM's Fund I portfolio.

On 20 December 2022, LCM announced the delivery by the High Court of a Judgment in favour of LCM's funded party, the Liquidator of CGL Realisations Limited, formerly known as Comet Group Limited.  Pursuant to the Judgment, an amount of approximately £110m was paid into Court by the Respondent.  The Respondent sought and obtained permission to pursue an appeal against that Judgment, which is progressing through the Court system.

In the interim, the liquidator procured a judgment protection insurance policy.  Subsequently, an application was made to the Court for payment out of court of sufficient monies to pay LCM's entitlements pursuant to the Litigation Funding Agreement as well as the cost of defending the appeal.  This enabled the liquidator to finalise its obligations to LCM, bringing about a conclusion to this investment.  The use of judgment protection insurance provides a mechanism for the liquidator to reduce the overall cost of litigation finance by utilising funds from the Judgment at first instance.  Additionally, it allows LCM's investment to be realised.

The investment returns, which are subject to change based on exchange rates at the time of distribution, are as follows:

Patrick Moloney, CEO of LCM, commented: "This is the second substantive Resolution of a Fund I investment. The Resolution provides a further example of how the use of managed third party investment funds leverages the return to LCM's balance sheet and its equity investors."

For further information, please visit www.lcmfinance.com or contact:

NOTES TO EDITORS

Litigation Capital Management (LCM) is an alternative asset manager specialising in disputes financing solutions internationally, which operates two business models. The first is direct investments made from LCM's permanent balance sheet capital and the second is third party fund management. Under those two business models, LCM currently pursues three investment strategies: Single-case funding, Portfolio funding and Acquisitions of claims. LCM generates its revenue from both its direct investments and also performance fees through asset management.

LCM has an unparalleled track record driven by disciplined project selection and robust risk management.

Currently headquartered in Sydney, with offices in London, Singapore, Brisbane and Melbourne, LCM listed on AIM in December 2018, trading under the ticker LIT.

www.lcmfinance.com