BHGG Bh Global Limited

                      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 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