Burford Capital plc has notified holders of its £175,000,000 5.000 per cent. guaranteed bonds due 2026 (ISIN XS1614096425) that it will exercise its option under Condition 8.3 of the Trust Deed to redeem the entire outstanding principal on January 30, 2026. The bonds, which were issued on June 1, 2017, are guaranteed by Burford Capital Limited, Burford Capital Finance LLC and Burford Capital Global Finance LLC, with U.S. Bank Trustees Limited acting as trustee. This notice was made by the board of directors, including Craig Arnott, Philip Braverman, Leslie Paster and Michael Redman, in compliance with the UK Market Abuse Regulation.

The redemption price will be the greater of (i) 100 per cent. of principal or (ii) the principal amount multiplied by the price at which the gross redemption yield on the bonds as of January 27, 2026 equals the gross redemption yield of the 1.5 per cent. Treasury Stock due 2026 (plus 100 basis points), as reported by the Financial Adviser. Burford has appointed Allia C&C (a brand of City & Continental Limited) as Financial Adviser following consultation with the Trustee. Accrued but unpaid interest up to, but excluding, the repayment date will also be paid on redemption.

By opting to redeem the bonds nearly six months before their maturity, Burford Capital aims to manage its debt profile proactively in a rising interest rate environment. Investors may see a one-off cash inflow reflecting the make-whole calculation, which could exceed par, depending on market yields on the reference Treasury bond. This early redemption reduces the company’s outstanding guaranteed debt by £175 million and removes a fixed coupon obligation of 5.000 per cent., improving Burford’s ability to allocate capital towards its litigation finance and asset management activities.