Director/PDMR Shareholding.

May 16, 2025

Notification of Transactions By Persons Discharging Managerial Responsibilities

Burford Capital Limited ("Burford"), 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").

Grant of RSUs and PSUs

On March 13, 2025, new grants of restricted share units ("RSUs") and performance-based RSUs ("PSUs") were made by the compensation committee of Burford's board of directors to certain of Burford's executive officers under the Burford Capital Limited 2025 Omnibus Incentive Compensation Plan (the "2025 Omnibus Incentive Compensation Plan"), as part of Burford's usual annual compensation cycle. These grants were subject to shareholder approval of the 2025 Omnibus Incentive Compensation Plan, which was obtained on May 14, 2025.

The RSUs vest in equal installments with (i) the first installment vesting on March 22, 2026, (ii) the second installment vesting on March 22, 2027 and (iii) the third installment vesting on March 15, 2028, in each case subject to the respective PDMR's continued employment through such dates.

The PSUs vest on the third anniversary of the grant date, at a level (if at all) determined based upon achievement of either of the applicable relative total shareholder return-based goals measured based on Burford's performance either (i) over the five-year period ending on the final day of the applicable performance period or (ii) annually for each year of the three-year performance period, subject to the respective PDMR's continued employment through such dates.

Each RSU and PSU represents a contingent right to receive one ordinary share, no par value, of Burford ("Ordinary Share").

The allocation of grants is as follows: 11,373 RSUs and 11,373 PSUs to each of (i) Deputy Chief Investment Officer, Craig Arnott, (ii) General Counsel and Chief Administrative Officer, Mark Klein, (iii) Chief Financial Officer, Jordan Licht, (iv) Chief Strategy Officer, Elizabeth O'Connell, and (v) President, Aviva Will; 8,056 RSUs and 8,056 PSUs to Vice Chair, David Perla; and 3,298 RSUs and 3,298 PSUs to Chief Development Officer, Travis Lenkner.

Investment in Shares through Burford Capital Deferred Compensation Plan

Further, on May 14, 2025, Jordan Licht, Burford's Chief Financial Officer, used his cash compensation to purchase 696 Ordinary Shares through the Burford Capital Deferred Compensation Plan.

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

For further information, please contact:

About Burford Capital

Burford Capital is the leading global finance and asset management firm focused on law. Its businesses include litigation finance and risk management, asset recovery and a wide range of legal finance and advisory activities. Burford is publicly traded on the New York Stock Exchange (NYSE: BUR) and the London Stock Exchange (LSE: BUR) and works with companies and law firms around the world from its global network of offices.

For more information, please visit www.burfordcapital.com.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any ordinary shares or other securities of Burford.

This press release does not constitute an offer of any Burford private fund. Burford Capital Investment Management LLC, which acts as the fund manager of all Burford private funds, is registered as an investment adviser with the US Securities and Exchange Commission. The information provided in this press release is for informational purposes only. Past performance is not indicative of future results. The information contained in this press release is not, and should not be construed as, an offer to sell or the solicitation of an offer to buy any securities (including interests or shares in any of Burford private funds). Any such offer or solicitation may be made only by means of a final confidential private placement memorandum and other offering documents.

Forward-looking statements

This press release contains "forward-looking statements" within the meaning of Section 27A of the US Securities Act of 1933, as amended, and Section 21E of the US Securities Exchange Act of 1934, as amended, that are intended to be covered by the safe harbor provided for under these sections. In some cases, words such as "aim", "anticipate", "believe", "continue", "could", "estimate", "expect", "forecast", "guidance", "intend", "may", "plan", "potential", "predict", "projected", "should" or "will", or the negative of such terms or other comparable terminology, are intended to identify forward-looking statements. Although Buford believes that the assumptions, expectations, projections, intentions and beliefs about future results and events reflected in forward-looking statements have a reasonable basis and are expressed in good faith, forward-looking statements involve known and unknown risks, uncertainties and other factors, which could cause Burford's actual results and events to differ materially from (and be more negative than) future results and events expressed, projected or implied by these forward-looking statements. Factors that might cause future results and events to differ include, among others, those discussed in the "Risk Factors" section of Burford's Annual Report on Form 10-K for the year ended December 31, 2024 filed with the US Securities and Exchange Commission on March 3, 2025. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements contained in the periodic and current reports that Burford files with or furnishes to the US Securities and Exchange Commission. Many of these factors are beyond Burford's ability to control or predict, and new factors emerge from time to time. Furthermore, Burford cannot assess the impact of each such factor on its business or the extent to which any factor or combination of factors may cause actual results and events to be materially different from those contained in any forward-looking statement. Given these uncertainties, readers are cautioned not to place undue reliance on Burford's forward-looking statements.

All subsequent written and oral forward-looking statements attributable to Burford or to persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. The forward-looking statements speak only as of the date of this press release and, except as required by applicable law, Burford undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.