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ots Ad hoc-Service: FORIS AG <DE0005775803> FORIS AG successfully opens up the market for litigation funding

Berlin (ots Ad hoc-Service) -

The sender is solely responsible for the contents of this
announcement.
Half a year after its flotation on the Neuer Markt as the first
financer of litigation in return for a share in the recovery upon
success, FORIS AG sees its budget assumptions fully confirmed.
By the end of the year the company had received over 1,200
enquiries about litigation financing with a total value of over DM1.5
billion. As of today's date FORIS AG has entered into 195 agreements
with a total value of DM 188.7 million. The average value per action
is therefore 14% above the budget assumptions made at the date of
flotation. The same is true of the possible proceeds from litigation
financing. With a 50% share in the successfully recovered amount, the
entire option amounts to DM 94.35 million, assuming all actions are
completely successful. FORIS AG's budget assumes a 60% success rate.
Taking into account the costs to be borne in unsuccessful actions,
these forecast figures would result in proceeds from litigation
financing in the order of DM 47.1 million. On account of the duration
of legal proceedings, a delay is to be expected in receipt of the
proceeds which, however, accrue interest at the rate of at least 4%
during the life of the contentious proceedings.
End
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