Proposal to Elect Rick Noel as Director

Burford Capital Limited ("Burford"), the leading global finance and asset management firm focused on law, today announces the proposal to elect Rick Noel as an independent non-executive director, subject to shareholder approval at its forthcoming annual general meeting of shareholders to be held on May 13, 2026 (the "2026 AGM"). If approved by shareholders at the 2026 AGM, Mr. Noel will join Burford's board of directors with immediate effect following the conclusion of the 2026 AGM.

Mr. Noel (58) is an independent non-executive director nominee and is expected to serve as a member of the Audit Committee. Mr. Noel retired as a Partner of Varde Partners, a global alternative investment firm specializing in credit and credit-related assets, in 2022 after more than two decades with the firm. During his tenure, Mr. Noel served in a number of senior leadership roles, including Head of Global Financial Services and Head of Europe, based in London, and Head of Asia, based in Singapore, where he established the firm's Singapore office. Across these roles, he focused on financial services private equity, consumer and commercial credit, distressed credit portfolios and other asset-based investments, and was involved in capital raising, investment committee activities, portfolio management, investor relations and strategic planning.

Earlier in his career, Mr. Noel held investment roles at Advantus Capital Management and Cargill Financial Services, and he began his career in the audit and business advisory unit at Arthur Andersen. Mr. Noel serves on the board of directors of WiZink Bank, a consumer-focused Iberian bank and a portfolio company of Varde Partners, currently serves as a Senior Advisor to MPowered Capital, an investment firm providing capital solutions to emerging managers across private alternatives, and previously served on the board of directors of Mercury Financial (USA), a monoline credit card issuer and a former portfolio company of Varde Partners. He also currently serves on the University of Northern Iowa Foundation Board of Trustees. Mr. Noel earned his MBA in Finance from the University of Minnesota's Carlson School of Management and his Bachelor of Arts in Accounting from the University of Northern Iowa. In addition, he has passed the examinations for the Certified Public Accountant and Chartered Financial Analyst. Mr. Noel's extensive experience in financial services, credit investing and global leadership makes him a valuable member of Burford's board of directors.

Other required disclosures

• Noel's full name is Ricky John Noel. Save as disclosed below, in relation to current and prior directorships and/or partnerships, Burford confirms that there are no further disclosures to be made in relation to Rule 17 and paragraph (g) of Schedule Two of the AIM Rules for Companies in respect of Mr. Noel's proposed election.