This document is a public statement issued by Burford Capital on July 24, 2026, announcing the issuance of an arbitral award by a tribunal constituted under the rules of the International Chamber of Commerce (ICC) International Court of Arbitration. The underlying dispute concerns a mining arbitration matter involving Cameroon.

According to the statement, the ICC tribunal rendered an award in favor of one of Burford’s funded counterparties in an amount exceeding US$600 million. Burford disclosed that its potential entitlement from the award, assuming full recovery, would exceed AUD$250 million, which would accrue entirely to its corporate balance sheet rather than its investment funds.

The statement further emphasizes the procedural and enforcement realities of international arbitration, noting that the award remains subject to significant litigation and collection risks. These include potential annulment or set-aside proceedings, as well as cross-border enforcement and collateral litigation. Burford explicitly disclaimed that the issuance of the award represents immediate cash proceeds, acknowledging the inherent uncertainty regarding the timing and ultimate quantum of recovery.