Orbis Investment Management Increases Stake in Burford Capital Ltd to 8.5%

Orbis Investment Management Ltd and Allan Gray Australia Pty Ltd filed a joint Schedule 13G/A on May 15, 2026, disclosing a combined beneficial ownership of 18,796,436 common shares of Burford Capital Ltd, representing 8.6% of the company. Individually, Orbis Investment Management Ltd holds 18,609,387 shares (8.5%), while Allan Gray Australia Pty Ltd holds 187,049 shares (0.1%). This filing marks a significant increase from the previously reported 0.0% ownership position. Both entities are classified as non-U.S. institutions equivalent to investment advisers. The reporting persons have sole voting and dispositive power over their respective shares and have certified that the securities were acquired in the ordinary course of business, not for the purpose of influencing or changing control of the issuer. Despite the joint filing, the parties disclaim membership in a group and beneficial ownership of each other's shares. Burford Capital Ltd is headquartered in Guernsey.