Litigation Cap. Regulatory News (LIT)

4 October 2022

Litigation Capital Management Limited

(LCM or the Company)

LCM completes second close of LCM Global Alternative Returns Fund II (Fund II)

at US$273m of targeted US$300m

Litigation Capital Management Limited (AIM:LIT), a leading international alternative asset manager of disputes financing solutions, is pleased to announce the second close of its Global Alternatives Returns Fund II ('Fund II').

LCM has admitted a large UK based pension fund and a European based pension fund complementing Fund II's high calibre, blue chip existing investor base. Fund II's existing investors include all investors in LCM Global Alternative Returns Fund I, which comprises a large endowment of a US University and the asset management division of a global investment bank. Completion of this second close of Fund II take our allocations to date to 91% of the targeted US$300m. LCM is well progressed with a number of prospective investors who are working towards investing at final close towards the end of the calendar year.

In accordance with the Company's strategy and as previously communicated to the market our second Fund supplements the Company's balance sheet capital and allows LCM to expand and diversify its portfolio under management.

Patrick Moloney, CEO of LCM, commented: "We are pleased to have fully committed our US$150m first Fund and with the progress of commitments for Fund II to date. We are also encouraged by the quality of new investors and their desire to form a relationship with LCM through investing in future funds. The increase in access to third party capital is timely given how the market conditions are increasing the demand for our capital"

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NOTES TO EDITORS

Litigation Capital Management (LCM) is an alternate 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