| Schedule of Reconciliation of Capital Provision Assets |
The table below sets forth the changes in capital provision assets as of the beginning and end of the relevant reporting periods. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended September 30, | | Nine months ended September 30, | | ($ in thousands) | | 2026 | | 2025 | | 2026 | | 2025 | | Beginning of period | | $ | 3,184,677 | | | $ | 5,544,683 | | | $ | 5,609,949 | | | $ | 5,243,917 | | Transfers(1) | | — | | | — | | | (23,043) | | | — | | | Deployments | | 100,440 | | | 136,745 | | | 350,463 | | | 453,525 | | | Realizations | | (94,324) | | | (139,361) | | | (344,603) | | | (518,286) | | Income/(loss) for the period(2) | | 147,911 | | | 73,716 | | | (2,245,560) | | | 410,470 | | | Foreign exchange gains/(losses) | | (1,125) | | | (478) | | | (9,627) | | | 25,679 | | | End of period | | 3,337,579 | | | 5,615,305 | | | 3,337,579 | | | 5,615,305 | | | | | | | | | | | | Deployed cost, end of period | | 2,595,249 | | | 2,467,503 | | | 2,595,249 | | | 2,467,503 | | | Unrealized fair value, end of period | | 742,330 | | | 3,147,802 | | | 742,330 | | | 3,147,802 | | | Total capital provision assets | | 3,337,579 | | | 5,615,305 | | | 3,337,579 | | | 5,615,305 | | 1. Relates to certain costs previously included within capital provision assets that did not meet the applicable criteria for inclusion in the fair value of those assets. These amounts have been expensed in the three months ended March 31, 2026 within “Case-related expenditures ineligible for inclusion in asset cost”. The impact of this matter was not material to the three and nine months ended September 30, 2026 or any of the prior periods. | 2. Includes a capital provision loss of $2.4 billion for the nine months ended September 30, 2026 relating to the YPF Judgment Reversal. |
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| Schedule of Capital Provision Income on Consolidated Statement of Comprehensive Income |
The table below sets forth the components of the capital provision income/(loss) for the periods indicated. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended September 30, | | Nine months ended September 30, | | ($ in thousands) | | 2026 | | 2025 | | 2026 | | 2025 | | Net realized gains/(losses) | | $ | 24,953 | | | $ | 70,787 | | | $ | 122,778 | | | $ | 178,702 | | | Fair value adjustment during the period, net of previously recognized unrealized gains/(losses) transferred to realized gains/(losses) | | 122,958 | | | 2,929 | | | (2,368,338) | | | 231,768 | | | Income/(loss) on capital provision assets | | 147,911 | | | 73,716 | | | (2,245,560) | | | 410,470 | | | Foreign exchange gains/(losses) | | (1,354) | | | 2,164 | | | (7,201) | | | 18,540 | | | Net income/(loss) from due from settlement of capital provision assets | | 1,301 | | | 2,957 | | | 3,121 | | | 5,912 | | | Other income/(loss) | | (308) | | | 1,231 | | | (96) | | | 826 | | | Total capital provision income/(loss) as reported in the unaudited condensed consolidated statements of operations | | 147,550 | | | 80,068 | | | (2,249,736) | | | 435,748 | |
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