Third Loan Facility to Fields Sullivan PLLC

Juridica Investments Limited

("Juridica" or the "Company")

Third Loan Facility to Fields Sullivan PLLC

The Board of Juridica Investments Limited is pleased to announce that it has agreed to make a further loan facility available to Fields Sullivan PLLC ("FS", formerly called Fields Scrantom Sullivan PLLC) for up to US$10 million (the "Third Loan") which will be made from the Company's existing cash resources. This loan facility extends the Company's existing loans to FS. The First Loan of US$62 million was announced on 14 November 2008; the Second Loan of US$17 million was announced on 16 July 2009 and was subsequently increased by US$3 million on 30 June 2010 and a further US$3 million on 30 June 2011. 

In November 2008, FS partnered with a group of experienced antitrust lawyers (the "Partnership") to pursue a portfolio of five cases (the "Initial Portfolio") that was funded with the First Loan, as well as other matters. The Partnership is also pursuing a sixth case (the "Sixth Case"), which has been funded with the Second Loan. FS will use the proceeds of the Third Loan to fund extended operations of the Partnership over the next five years and until 31 December 2016, to the extent required, in pursuing the Initial Portfolio and the Sixth Case to conclusion.

The Third Loan has been entered into on substantially the same terms as the First Loan and the Second Loan with an interest rate of 15% per annum (increasing to 20% if revenues received from the Partnership are reinvested in the Partnership), compounded annually. The payment of interest and principal prior to the final repayment date of the First Loan, the Second Loan and the Third Loan (31 December 2018) are subject to receipt by FS of sufficient revenues from the Partnership which in turn is subject to receipt of recoveries under the Initial Portfolio and the Sixth Case.

FS entered into a swap agreement (the "Swap") with Riverbend Investments Limited ("Riverbend"), a majority owned subsidiary of Juridica, in connection with the First Loan. The Swap was subsequently extended to cover payments under the Second Loan and has been amended again to cover payments under the Third Loan. Under the terms of the Swap as amended, Riverbend has agreed to pay Juridica any outstanding principal and interest due to the Company under the Loans on 31 December 2018. In consideration for this credit insurance, FS has agreed to pay Riverbend annually the greater of US$3.5 million or 36% of any outstanding amounts owed by FS to the Company, accruing on an annual basis and subject to receipt by FS of sufficient revenues from the Partnership.

The Company, FS and Riverbend have agreed that in the event that FS receives revenues from the Partnership these will first be applied (on an annual basis) to any interest then outstanding under the Loans pro rata to the amount of interest outstanding, then second to any principal then outstanding under the Loans pro rata to the amount of principal then outstanding, and then, to any accrued and unpaid amount owing to Riverbend.

Related Party Transaction

Under the AIM Rules for Companies, FS is deemed to be a related party by virtue of its relationship to Richard W. Fields, the principal of Juridica Capital Management Limited ('JCML'), Juridica's manager. With the exception of Richard Battey, the Directors of the Company consider, having consulted with Cenkos Securities plc as its Nominated Adviser, that the terms of the Third Loan and the amendments to the First and Second Loans which have been made as a consequence of the Third Loan, are fair and reasonable in so far as the Company's Shareholders are concerned. Richard Battey has been excluded because he is not considered independent under the AIM Rules as he is a director of JCML.

Lord Brennan, Chairman of Juridica commented: "As timing on these cases has extended, this additional loan facility will ensure that our borrower has sufficient funds to bring these cases to a conclusion. We anticipate that settlements in these cases over the next six to 12 months may obviate the need to fully fund this additional loan facility." 

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About Juridica Investments Limited

Juridica Investments is the leading provider of strategic capital to the business community and the legal markets for corporate claims. It invests directly and indirectly in a diversified portfolio of corporate claims in litigation and arbitration. Juridica is the premier source of value-added and direct financing for large business claims in the United States and one of the leading sources in the United Kingdom.

Our clients are Fortune 1000 companies, FT Global 500 companies, inventors, major universities, and the leading law firms that represent them. Juridica accepts only cases that have already been carefully vetted and undertaken by leading lawyers.

Juridica works to make the legal system work better for business claims. Juridica does not invest in speculative claims or claims that do not have demonstrated economic value and clear merits. Juridica invests only in business claims, and does not invest in class actions, personal injury, product liability, or mass tort claims.

Our goal is to provide business clients with financial choices that reduce risk and assist in maximizing claim value.

Juridica was established on 21 December 2007 as a limited liability, closed-ended investment company registered in Guernsey. It has over US$200 million of assets under management and is listed on AIM, a market operated by the London Stock Exchange (AIM: JIL).

The Company has appointed Juridica Capital Management Limited as its exclusive investment manager to locate, evaluate and manage direct and indirect investments in cases, claims and disputes.

For more information go to http://www.juridicainvestments.com