Director Declaration

25 October 2016

BBGI SICAV S.A.

(the "Company")

Director Declaration

In compliance with Listing Rule 9.6.14(2), BBGI SICAV S.A. (LSE ticker: BBGI) announces that Mr. Howard Myles, a member of the Supervisory Board, has informed the Company of his appointment to the Board of the Forest Company Limited as a non-executive director and Chairman of the Audit Committee on an interim basis for the period 24 October 2016 to 26 April 2017. This appointment is due to the temporary absence of the current Chairman of the Audit Committee and non-executive director.

The Forest Company Limited is a closed-ended investment company, incorporated and registered in Guernsey, and listed on the Channel Islands Securities Exchange.

For further information, please contact:

BBGI Management Team +352 263 479-1

Frank Schramm

Duncan Ball

BBGI owns a global portfolio of 39 infrastructure assets. These are PPP assets and are supported by contracted, public sector-backed revenue streams, with inflation-protection characteristics.

Further information about BBGI is available on its website at www.bb-gi.com *.

Any reference to the Company or BBGI refers also to its subsidiaries (where applicable).

* Neither the Company's website nor the content of any website accessible from hyperlinks on its website (or any other website) is (or is deemed to be) incorporated into, or forms (or is deemed to form) part of this announcement.