The board of Juridica Investments Limited ('JIL' or the 'Company') is pleased to announce a trading update and a significant new investment.

Highlights:

Significant New Investment

• Fields Scrantom Sullivan PLLC ('FSS'), a law firm owned by the principals of Juridica Capital Management Limited, has entered into a partnership (the 'Partnership') with a law firm to litigate 5 cases (the 'Initial Portfolio').
• The Company has loaned FSS $62 million (the 'Loan') to finance fees and expenses of the Initial Portfolio.
• FSS is required to pay interest on the Loan at a rate of 12 percent compounded annually and has entered into a swap agreement with a subsidiary of the Company under which the subsidiary receives the greater of $3.5 million or 36 percent of all outstanding principal and interest under the Loan each year, accruing until income received by FSS from the Partnership covers the amount.
• The Initial Portfolio comprises 2 antitrust price-fixing cases, 2 antitrust monopolization cases, and 1 statutory claim against a financial institution.
• The Partnership is entitled to between 12 and 20 percent of the recoveries achieved on the antitrust cases within the Initial Portfolio.
• FSS is entitled to 90 percent of revenues earned by the Partnership on the Initial Portfolio after payments to third-party law firms and deductions in respect of certain third party fees and costs; 85 percent of net revenues from any new contingent fee-based cases taken on by the Partnership and funded by FSS in the next 3 years; and 15 percent of net revenues from other contingent fee-based cases entered into by the Partnership in the next 3 years that do not require funding.

Trading Update

• Gross profit of approximately $1.75 million on $12.0 million loan made in March and repaid in October 2008.
• $89.8 million invested or committed as at 13 November 2008 (including the Initial Portfolio) in 8 outstanding investments, giving exposure to 14 cases across 8 types of litigation, 7 law firms, 11 jurisdictions and 6 different market sectors.
• 61 percent of the net proceeds of the Company's IPO now invested or committed.
• Substantial pipeline of opportunities presented to the Company's investment manager.

Lord Daniel Brennan QC, chairman of JIL, commented 'This investment represents a significant opportunity for the Company. Not only does it introduce the Company to a significant portfolio of antitrust litigation, but it also gives the Company exposure to a pipeline of future cases that are expected to present potential investment opportunities.  We are pleased with the amount of capital invested and profits realised so far and look forward to this investment broadening the portfolio.'

Richard W. Fields, chairman of Juridica Capital Management Limited, commented 'We are particularly excited by this investment. Although this type of structure was anticipated at Admission, it represents a significant new product offering for the Company and a significant move into antitrust litigation.  We believe these kinds of cases present an attractive risk profile for investment and given the scale and dynamics of antitrust litigation this is a sector with significant demand for finance.'

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