Juridica, the leading provider of capital to the law market, today announces its audited financial results for the period ended 31 December, 2008.

Financial highlights

• Over $112 million deployed in 18 claim assets invested or committed over the period in 19 claim assets across 12 investments;
• Success rate of 100% to date for cases reaching final determination;
• Gross profit of $5.19 million generated over the period from two litigation investments that reached final determination;
• Early returns and currency gain resulted in NAV growth of 30%, to 194.4c (130.6p) per ordinary share at 31 December 2008;
• Approved interim dividend of 4.6p paid on 24 April 2009; and
• Successful secondary placing at 114p per share raising of £33.2 million completed during April 2009 - funds available to deploy in new investment opportunities.

Operational highlights

• Assembled network of high quality law and finance professionals to help JCML underwrite, structure and monitor JIL's investments;
• Established advisory network to evaluate investments and design ethically-compliant structures;
• Firmly established JIL in the US and UK markets for law finance by building market awareness and an established pipeline of deal flow; and
• Deployed capital in a diverse portfolio of investments, with expectations of steady returns on investment over time.

Commenting on the results, Juridica's Chairman, Lord Daniel Brennan QC, said:

“We have had a fantastic first year in which the Company has performed beyond its own demanding expectations. Juridica has met with considerable demand and its disciplined approach to case analysis has already yielded a respectable dividend ahead of expectations. Juridica is well on the way to becoming the premier law finance company.”

Richard Fields, Chief Executive Officer, Juridica Capital Management Limited, commented:

“We face a pipeline of high quality new opportunities competing for investment capital. The appetite for our services continually strengthens as a market in need of over US$33 billion annually chases a limited amount of available capital. To capture these opportunities we have established a sustainable and scalable business model and will continue to invest in situations which offer attractive returns for our shareholders”

“The current economic environment has increased the demand for capital and we will continue to offer funding packages which provide access to strong cases and offer high quality returns.”

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