Burford Capital Ltd

Indicative Timetable

Because court procedure can be difficult to follow, we have prepared this example of the application of the foregoing procedural discussion. This is an entirely hypothetical application of the rules, and it does not suggest or predict any particular timing for this case. This example assumes (i) that the

Second Circuit decision affirms the District Court and is released six months after oral argument; (ii) that rehearing is sought and denied 45 days thereafter; (iii) that the Supreme Court’s review is sought; and (iv) that there is no CVSG.

Based on those assumptions, the timing would unfold as follows:

•Oral argument: October 29, 2025

•Second Circuit releases opinion and judgment affirming the District Court six months later: April 29, 2026

•Deadline to file for rehearing in the Second Circuit (14 days after judgment): May 13, 2026

•Second Circuit denies rehearing 45 days later: June 29, 2026

•Deadline to file for review at the Supreme Court (90 days after denial of rehearing): September 28, 2026

•Petition eligible for circulation to Supreme Court conference after 30 days for responses and 14-day waiting period: November 12, 2026

•Petition denied without further proceedings; end of case: December 4, 2026

OR

•Petition granted: oral argument; decision by June 30, 2027

It is important to bear in mind that Argentina routinely attempts to delay court proceedings, and although those efforts are not always successful, it is certainly possible that Argentina will be granted extensions of some of the deadlines contained in the court rules.