IMF Bentham Limited Annual Report 2019

Portfolio value up 68% to $9,456m* Our increased portfolio represents the potential for proceed generation in future years. Highlights Cash ($ Million) 2015 2016 2017 2018 2019 160.2 226.5 142.5 144.9 130.1 Cash up 41% to $226.5m With significant cash reserves, we are growing the business, financing large investments and are a formidable ally (or opponent) in litigation. Investments ($ Million) 145.6 190.9 321.3 99.5 2015 2016 2017 2018 2019 427.0 Investments up 33% to $427.0m We have tripled the number of investments and increased the average size of investments. This cements our position as one of the world’s largest and strongest funders. 201.4 206.3 367.8 185.9 2015 2016 2017 2018 2019 515.5 Net assets up 40% to $515.5m Through increased cash and increased investments, we have increased net assets. We are more financially robust than ever. Portfolio ($ Million) 2,002 3,438 4,096 5,869 2015 2016 2017 2018 2019 9,456 Net Assets ($ Million) * Portfolio value from 2017 includes conditionally funded investments and investments approved for funding by the Investment Committee, but not yet funded. 2