Litigation against the Republic of Kosovo Update

Eco Buildings Group PLC, the AIM-listed modular housing and marble quarrying company, is pleased to announce a major positive development regarding the ongoing €195 million arbitration proceedings brought by its subsidiary, Fox Marble Ltd, against the Republic of Kosovo.

The Company has secured an offer of full litigation funding from Atticus Litigation Financing, a new litigation financing fund set to become operational in August 2025. Atticus is advised by Nick Rowles-Davies, a recognised pioneer and global leader in the litigation funding sector. Mr Rowles-Davies previously led Burford Capital PLC (the largest litigation funder in the world) globally outside of the Americas as Managing Director and was a director of Burford Capital until 2016. He was the co-founder of Vannin Capital from 2010 to 2014 and a Partner at Bridgehouse Partners from 2004 to 2011.

This backing will ensure that Fox Marble is fully resourced and able to pursue its €195 million claim through the International Court of Arbitration, where the arbitration panel nomination process is already underway. The case relates to substantial losses resulting from adverse and improper actions taken by various government agencies in Kosovo.

Leading the legal strategy, Fox Marble has engaged BSA Law, a prominent international firm headquartered in Dubai, operating on a Conditional Fee Arrangement (CFA) basis, underscoring their confidence in the strength of the claim.

Sanjay Bowry, CEO of Eco Buildings, commented:

"This is an important moment in moving forward on this issue. With this offer to fully fund our case by Atticus that is advised by one of the most respected figures in global litigation finance, we are confident in our ability to see this claim through to a positive outcome. The support from Atticus and BSA Law is a strong external validation of our legal position and the compelling merits of our case."

This announcement is further to the disclosures in the Company's AIM Admission Document published on 28 April 2023 and the announcement by the Company on 5 May 2023.

Eco Buildings has already secured two sales contracts with major construction companies, one in Albania, the other in Kosovo, which are expected to generate gross sales revenue of approximately up to €38 million in total per annum over the first three years (approximately €114 million in total) following Admission.