Juridica Investments Limited, a leading provider of capital to the law market, today announces its interim results for the six months ended 30 June 2009.

Financial highlights

• At the period end the Company had invested or committed $95.8 million across 12 investments giving exposure to 18 cases. As at 27 September 2009, the Company had invested or committed $115.4 million, representing 59% of the net asset value of the Company
• Income of $4.5 million, (2008: $7.3 million) reflecting the variable timing of results from portfolio investments and general decline in interest rates
• Realised gains for the period include a realised gain of $1.2 million on Case 0908-U, yielding an internal rate of return of 61% on the initial investment of $3.1 million
• Net asset value as at 30 June of $196.7 million (2008: $152.3 million)

Operational highlights

• Substantial development of the business as awareness of the Company has increased in its target markets. A total of 340 investment opportunities have been considered of which 23 have been selected
• The first large case in the portfolio, Case 1208-A, has started trial before a jury
• Secondary fund raising completed in April 2009 enabled the addition of a third price-fixing cartel case to the portfolio which will total up to $26 million of investment
• The patent portfolio nears completion with the funding of three new patent infringement claims, bringing the total to 10

Commenting on the results, Lord Daniel Brennan QC, Chairman of the Company, said:

“JIL continues to develop and we have made pleasing progress so far this year. The current economic climate has created increased demand for our services and JIL's approach is gaining significant traction in the business and legal communities.”

“We are encouraged by the interest of the RAND Institute for Civil Justice's investigation of our market which we anticipate will further increase awareness of the benefits and opportunities created by the availability of external capital to the law markets.”

Richard W Fields, Chairman and Chief Executive Officer of Juridica Capital Management, the Company's investment manager, said:

“The portfolio is now beginning to mature as cases approach trial dates and other milestones that create opportunities for settlement. Our pipeline remains very strong and the number of high quality opportunities continues to exceed our available resources, meaning that we endeavour to select only the very best opportunities for the Company.”

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