On February 3, 2014, the board of directors of JGWPT Holdings Inc. appointed William J. Morgan to the Board to fill an existing vacancy on the Board. The Board has determined that Mr. Morgan qualifies as an audit committee financial expert as such term is defined in Item 407(d)(5) of Regulation S-K and is an independent director for the purposes of the New York Stock Exchange listing standards. The Board also has appointed Mr. Morgan to serve on the Audit and Compliance Committee.