Juridica Investments Limited ('JIL' or the 'Company') - Final Results for the Period Ended 31 December 2009

LONDON, May 5 /PRNewswire/ -- Juridica, a leading provider of capital to the law market, today announces its audited financial results for the year ended 31 December 2009.

Financial highlights

• Total income of $16.5 million.
• Gross cash receipts of $7.8 million from two litigation investments that reached final determination and two additional cases that have partially settled.
• NAV growth to $1.9513 per ordinary share as at 31 December 2009.
• $122.8 million deployed in 22 claim assets across 15 investments.

Commenting on the results, Juridica's Chairman, Lord Daniel Brennan QC, said:

"Juridica has had another successful year despite the difficult economic environment and has established itself as a market leader. We have continued to build a balanced portfolio of high-quality corporate claims and litigation investments, which include plaintiffs from 18 Fortune 500 or multinational companies, and two major U.S. universities, represented by over a dozen leading U.S. law firms. The Board expects to see the conclusion of several cases in the portfolio over the next 12 to 18 months and will continue to work closely with the Manager to meet our objectives for dividend income, NAV growth and commensurate share price performance."

Operational highlights

• Established as the largest listed provider of capital to the legal markets.
• Continued market leading position within the U.S. and UK corporate claims financing market.
• Current portfolio starting to mature towards results over the coming 12 to 18 months. The average age of the Company's investments is 1.18 years while the average age of cases in the portfolio is 2.45 years.
• Average investment exposure of $5.58 million per case.
• Advisory network of legal, financial, and ethical professionals continues to grow and strengthen.

Richard Fields, Chief Executive Officer, Juridica Capital Management Limited, commented:

"While recessionary pressures slowed the pace of settlements and cash returns to the Company, the additional time allowed important positive developments to take place in several portfolio cases, increasing the potential size of returns to shareholders."

"Current trading continues to progress well and we enjoy a healthy pipeline of first-class opportunities. During the last two years, we have reviewed over 400 investment opportunities in addition to thousands of patents. We continue in the enviable position of being able to select the very best investments for Juridica's portfolio and look to the future with great confidence."

The full report can be downloaded at: www.juridicainvestments.com

About Juridica Investments Limited

Juridica Investments is a 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.

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 invests only in business claims, and does not invest in class actions, personal injury, product liability, or mass tort claims.

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).

This announcement contains forward looking statements, which are based on the Board's current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a number of variables which could cause actual results or trends to differ materially. Each forward looking statement speaks only as of the date of the particular statement. Except as required by the AIM Rules or otherwise by law, the Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward looking statements contained herein to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.

SOURCE Juridica Investments Limited