BHGG.L Regulatory News (BHGG)

BH Global Limited (the "Company") (a closed-ended collective investment scheme established as a company with limited liability under the laws of Guernsey with registered number 48555) Partial Return of Capital and Share Buyback Strategy Update 16 April 2015 The Board of BH Global Limited provided reassurance to shareholders at thetime of last year's change in investment policy that the change would notaffect the Company's discount management measures. Accordingly, the Directorscontinue to have discretion to offer a partial capital return to shareholderseach year, as well as having the ability to make market purchases of shares inappropriate circumstances. The Company announces today that it intends to provide a partial capitalreturn to shareholders funded from the Company's net asset growth for the 2014calendar year. Pursuant to the partial capital return, the Company will offer to return anaggregate amount equal to £7.3 million to the holders of Sterling shares andan aggregate amount equal to $1.84 million to the holders of US Dollar shares,in each case representing approximately 2 per cent. of the net asset value ofthe relevant share class as at 31 December 2014. The partial capital return will allow shareholders to elect to have sharesredeemed at a price equal to the net asset value per share for the relevantclass of shares as at 30 April 2015 (less a discount, expected to be no morethan 1 per cent. of net asset value reflecting the costs involved instructuring and effecting the capital return). Further details regarding the partial capital return will be included in acircular to be sent to shareholders on or around 27 May 2015. The record time and date for participation in the partial capital return willbe 5.00 p.m. (GMT) on 29 May 2015. Share conversion between the two currency classes will be suspended in respectof the May 2015 share conversion date to better facilitate the partial capitalreturn. In addition to the partial capital return, the Company will continue to keepunder active review its buyback policy with the intention of further narrowingthe level of discount to NAV at which the two classes of shares trade in themarket. Enquiries: William SimmondsJPMorgan CazenoveTel: 020 7588 2828 David YovichicCanaccord Genuity Limited020 7523 8361 The Company SecretaryNorthern Trust International Fund Administration Services (Guernsey) LimitedTel: 01481 745368