FOR Forbes Vent.

31 December 2021

FORBES VENTURES

(“Forbes” or the “Company”)

Interim Results for the six months ended 30 June 2021

CHAIRMAN’S REPORT

REPORTING PERIOD HIGHLIGHTS

The Company has not traded any assets during the year and has primarily focused its activities on building the business structures, policies and procedures for the establishment of a securitisation platform and framework to deliver receivables financing the first transaction of which is to provide litigation funding.

The building activity has resulted in a pre-tax loss of $158,264 for the first six months of the year.

CHAIRMAN’S STATEMENT

I am pleased to present you with Forbes Venture’s unaudited Interim Results for the period ended 30 June 2021.

The Company has completed the development of a functioning securitisation platform and are working on completing the first transaction. The transaction is the Post Balance Sheet event as described in the published accounts for the year ended 31 December 2020 and the related RNS release. It is anticipated that the group will complete two transactions during 2022 and receive gross income of approximately £2m. It is expected that further transactions will be undertaken in 2022.

I would like to thank my fellow directors for their continued support.

Peter Moss

Chairman

STATEMENT OF PROFIT AND LOSS FOR THE SIX MONTHS ENDED 30 JUNE 2021

STATEMENT OF OTHER COMPREHENSIVE INCOME FOR THE SIX MONTHS ENDED 30 JUNE 2021

No dividends were proposed or declared in respect of any of the periods presented above.

The accompanying notes form part of this historical financial information.

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

AS AT 30 JUNE 2021

STATEMENT OF CHANGES IN EQUITY FOR THE SIX MONTHS ENDED 30 JUNE 2021

STATEMENT OF CASH FLOWS FOR THE SIX MONTHS ENDED 30 JUNE 2021

Notes to the Financial statements

1. BASIS OF ACCOUNTING

The financial information has been prepared on an accruals basis and is based on historical costs modified by the revaluation of selected non-current assets, financial assets and financial liabilities for which the fair value basis of accounting has been applied.  The financial information is drawn in accordance with the provisions of the International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB) and adopted by the European Union.  The financial information is presented in US dollars, rounded to the nearest dollar.

1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

A comprehensive summary of the significant accounting policies is provided for in the Forbes Ventures (Forbes or the Company) 2020 Annual Report. All remain relevant.

1. AVAILABLE FOR SALE FINANCIAL ASSETS

The Directors of Forbes accept responsibility for the contents of this announcement.

- ENDS -

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Market Abuse Regulation (MAR) Disclosure

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation EU 596/2014 as it forms part of retained EU law (as defined in the European Union (Withdrawal) Act 2018).