BH Global Limited announces Partial Return of Capital and Share Buyback Strategy Update

Hamilton, Bermuda – 16 April, 2015 – In a filing with the Bermuda Stock Exchange (“BSX”), BH Global Limited (the “Company”; Ticker:BHGU.BH) announced Partial Return of Capital and Share Buyback Strategy Update. The filing states:

“The Board of BH Global Limited provided reassurance to shareholders at the time of last year’s change in investment policy that the change would not affect the Company’s discount management measures.  Accordingly, the Directors continue to have discretion to offer a partial capital return to shareholders each year, as well as having the ability to make market purchases of shares in appropriate circumstances.

The Company announces today that it intends to provide a partial capital return to shareholders funded from the Company’s net asset growth for the 2014 calendar year.

Pursuant to the partial capital return, the Company will offer to return an aggregate amount equal to £7.3 million to the holders of Sterling shares and an 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 of the relevant share class as at 31 December 2014. 

The partial capital return will allow shareholders to elect to have shares redeemed at a price equal to the net asset value per share for the relevant class of shares as at 30 April 2015 (less a discount, expected to be no more than 1 per cent. of net asset value reflecting the costs involved in structuring and effecting the capital return).

Further details regarding the partial capital return will be included in a circular to be sent to shareholders on or around 27 May 2015.

The record time and date for participation in the partial capital return will be 5.00 p.m. (GMT) on 29 May 2015.

Share conversion between the two currency classes will be suspended in respect of the May 2015 share conversion date to better facilitate the partial capital return.

In addition to the partial capital return, the Company will continue to keep under active review its buyback policy with the intention of further narrowing the level of discount to NAV at which the two classes of shares trade in the market.”

Enquiries:

William Simmonds

JPMorgan Cazenove

Tel: 020 7588 2828

David Yovichic

Canaccord Genuity Limited

020 7523 8361

The Company Secretary

Northern Trust International Fund Administration Services (Guernsey) Limited

Tel: 01481 745368