BHGG Bh Global Limited

                       BH Global Limited (the"Company")

       (a closed-ended investment scheme established as a company with
  limited liability under the laws of Guernsey with registered number 48555)

                Completion of 31 August 2014 Share Conversion

                              25 September 2014

Following the publication on 22 September 2014 of the final
month-end net asset values for 31 August 2014, the following share conversion
ratios have been determined in accordance with the articles of incorporation
of the Company for the purposes of the 31 August 2014 share conversion date:

0.597458 Sterling shares for each US Dollar share
1.673757 US Dollar shares for each Sterling share

On the basis of aggregate applications received and using the
conversion ratios listed above, the following shares will be issued:

- 3,709 US Dollarshares of no par value;

and the following shares will be cancelled:

- 2,217 Sterling shares of no par value

all with effect from 25 September 2014.

Application has been made to the Financial Conduct Authority
("FCA") for the new shares to be admitted to the Official List of the UK
Listing Authority and admitted to trading on the London Stock Exchange's main
market for listed securities.

Admission is expected to occur on 2 October 2014. Shareholder CREST
accounts for converting shareholders are expected to be updated by 5.00pm on
2 October 2014.

Following issue and cancellation of the relevant shares, the total
number of shares in issue in each class will be as follows:

- 6,835,001 US Dollar Shares
- 686,306 US Dollar Treasury Shares
- 27,799,136 Sterling Shares
- 2,853,319 Sterling Treasury Shares

The number of votes each share in the Company is entitled to on a
poll at any general meeting of the Company was published by the Company on 23
May 2008 and will not change as a result of the conversions. These are:

US Dollar Share   1
Sterling Share    1.97950

From 25 September 2014, the total number of voting rights in the
Company (rounded down to the whole number) is 61,863,391.

Enquiries:

Website: www.bhglobal.com

Northern Trust International Fund Administration Services (Guernsey) Limited
Andrew Maiden
Tel: +44 (0)1481 745368