Burford Capital Limited provided an update on the implementation of the succession plan for its board of directors, a new policy on tenure for non-executive directors and expected future roles of non-executive directors on the Board and the committees of the Board. For the past several years, Burford has implemented, often ahead of its own schedule, the Board strategic plan to which it initially committed on August 15, 2019 and further detailed on February 27, 2020 and in subsequent announcements. That plan included the phased rotation of the entire membership of the Board.

With three of Burford's four founding non-executive directors now retired and with Chairman Hugh Steven Wilson retiring at the 2024 AGM, Burford has delivered the plan it laid out for an orderly rotation of the Board. Looking ahead, Burford sets forth the expected plan for the future of the Board. At the 2024 AGM: Hugh Steven Wilson will retire as Chairman and a non-executive director John Sievwright, a director since 2020, is expected to become Chairman and to serve in that role until the 2027 AGM, at which time he will retire from the Board Christopher Halmy, a director since 2022, is expected to become Vice Chairman and to serve in that role until the 2027 AGM, at which time he is expected to become Chairman A policy will be introduced requiring directors to retire at the AGM immediately following their 72ndbirthday Board committee chairs: Mr. Halmy, who became chair of the audit committee following the 2023 AGM, is expected to continue to serve in that role until the 2027 AGM, at which time he will leave the audit committee to take on the role of Chairman Mr. Sievwright is expected to continue to serve as chair of the compensation committee until the 2027 AGM, at which time Mr. Halmy is expected to assume that role Robert Gillespie, a director since 2020, is expected to become chair of the nominating and governance committee following Mr. Wilson's retirement from the Board at the 2024 AGM and, following Mr. Gillespie's retirement from the Board at the 2027 AGM, Rukia Baruti, a director since 2022, is expected to assume that role.