IMF Bentham Limited Annual Report 2018

Future Initiatives And now we turn our focus and energy to the year ahead. New Funding Vehicles FY19 will see us launch additional funding vehicles to facilitate the funding of new investments in the jurisdictions in which we operate. We expect to complete the roll out of these new funds by the end of FY19 in a continuation of our strategy to move from balance-sheet investing to investing via fund structures. For our new ‘Fund 4’ (for US investments), we are targeting a total of US$500 million in capital for deployment. Once Fund 4 is established, we will be targeting additional funding in a new RoW Fund (for non-US investments). Geographic Expansion We will continue to build our presence and strengthen our foothold in the developing markets of Asia and Canada, both of which provide extraordinary and exciting investment opportunities. We are equally passionate about our return to the European market and are exploring options for growth via organic means, or mergers and acquisitions. FY19 will see us execute that strategy and round out the completion of our diversification agenda by filling our last points of geographic expansion. Building on our existing strengths, we will actively be pursuing opportunities for investments in multi-party actions in jurisdictions such as Australia, Canada and Europe. Proprietary Infrastructure Over the years we have invested in creating proprietary IT, infrastructure and know-how for the cost-effective and efficient administration of multi-party group actions. Our infrastructure and business processes provide a cost advantage over other dispute financiers and also deliver time and expertise benefits to the law firms we team with. We will continue to refine and enhance this important business platform in FY19. Corporate Financing Today’s high performing businesses are starting to explore new financing models. As the dispute finance industry continues to mature and transition from the fringe to the mainstream, corporate decision makers are increasingly aware of the utility of third-party dispute finance. From our discussions with corporates and their legal advisers, a portrait is emerging of the type of business ideally suited to dispute financing and, for those businesses, the upside can be transformational. Our finance enables commercial enterprises to pursue legal claims while preserving their cash for business-as-usual or growth, helps them level the playing field against well-resourced opponents, enables them to finance their disputes without depressing their financial results or inhibiting their company’s valuation, manage the risk associated with litigating, derive independent strategic input from our team and relieve the workload of their in- house legal teams. Although the legal industry has a reputation for being conservative and slow to change, today’s decision- makers are increasingly seeking innovation. We hope to work with today’s corporate influencers and their legal advisers to help them pursue their legal rights, unlock the monetary value in their disputes and de-risk their balance sheets. We are working on building this part of our business in each of our markets. Conclusion On behalf of the Board, we would like to thank our shareholders for their continued support and endorsement and we would like to thank our dedicated team who work tirelessly to achieve our strategic objectives. FY19 will be another busy and demanding year for our team and we are excited and energised by the challenge. We look forward to the year ahead and the exciting opportunities FY19 presents. Andrew Saker Managing Director and Chief Executive Officer Michael Kay Non-Executive Chairman Overview Financial Report Shareholder Information 33 Directors’ Report IMF Bentham Limited Annual Report 2018