Director/PDMR Shareholding & Issue of Equity

Notification of Transactions By Persons Discharging Managerial Responsibilities and Issuance of New Ordinary Shares in Connection with 2016 LTIP and 2025 OICP

Burford Capital Limited ("Burford" or the "Company"), the leading global finance and asset management firm focused on law, provides the following notification of various transactions by persons discharging managerial responsibilities (each, a "PDMR") and the issuance of Burford's ordinary shares of nil par value ("Ordinary Shares") in connection with the Burford Capital 2016 Long Term Incentive Plan (the "2016 LTIP") and the Burford Capital Limited 2025 Omnibus Incentive Compensation Plan (the "2025 OICP").

For the information of shareholders, we note that all of the transactions reported in this release occurred prior to receipt of Friday's decision in the YPF matter and the subsequent decline in Burford's share price.

Vesting of Restricted Share Units and Performance-Based Restricted Share Units

The table below sets forth the number of (i) restricted share units (the "2016 LTIP RSUs") and performance-based RSUs (the "2016 LTIP PSUs") granted to PDMRs on March 22, 2023 under the 2016 LTIP and (ii) RSUs (the "2025 OICP RSUs") granted to PDMRs on March 13, 2025 under the 2025 OICP that, in each case, vested on March 22, 2026 following the satisfaction of the service-based and/or performance-based conditions, as applicable.

The 2016 LTIP RSUs were subject to the satisfaction of the service-based condition and vested in full on the third anniversary of the grant date. The 2016 LTIP PSUs were subject to the satisfaction of both the service-based and performance-based conditions and vested at 77% of target level (rounded up to the nearest whole Ordinary Share) upon certification of achievement of the financial performance metrics. The 2025 OICP RSUs were subject to the satisfaction of the service-based condition, and one-third of the 2025 OICP RSUs vested on the scheduled vesting date.

The table below also sets forth the net number of Ordinary Shares delivered to the respective PDMR after giving effect to any tax withholding. In addition, certain PDMRs elected to defer the receipt of Ordinary Shares described above under the Burford Capital Deferred Compensation Plan (the "NQDC Plan") and, as a result, no Ordinary Shares were delivered to such PDMRs at this time. Thus, the table below also sets forth the number of Ordinary Shares deferred by certain PDMRs under the NQDC Plan after giving effect to any tax withholding.

The Notification of Dealing Forms for each of the transactions set forth above are included at the end of this announcement.

Issuance of New Ordinary Shares in Connection with 2016 LTIP and 2025 OICP

To satisfy the firm-wide vesting of awards under the 2016 LTIP and the 2025 OICP, Burford also announces that it issued 646,875 new Ordinary Shares on March 26, 2026.

Application will be made for these 646,875 new Ordinary Shares to be admitted to trading on the AIM market of the London Stock Exchange plc. The expected date of admission is April 7, 2026. These 646,875 new Ordinary Shares will also be listed on the New York Stock Exchange.

Following the issuance of these new Ordinary Shares, the Company's issued ordinary share capital is 221,314,262, of which 2,244,947 Ordinary Shares are held in treasury and do not have any voting rights. Therefore, the total number of voting rights in the Company, excluding treasury shares, will be 219,069,315 after giving effect to this issuance of new Ordinary Shares. This figure for the total number of voting rights may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in the Company under the Disclosure Guidance and Transparency Rules of the UK Financial Conduct Authority.