Conversion of Securities

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)

May 2014 Share Conversion

2 June 2014

The Company has received (in aggregate) the following share conversion requests from shareholders for the 31 May 2014 Share Conversion Date:

- 3,027 US Dollar shares to be converted to Sterling shares

- 8 Euro shares to be converted to Sterling shares

Conversions will take place as soon as practicable after the Company's month-end net asset value figures for May 2014 are released. Converting shareholders will be notified upon conversion taking place, which will be no later than 25 business days after 31 May 2014.

Details of the elections received as part of Euro Class Closure process will be announced separately.

Company website: www.bhglobal.com

Enquiries:

Northern Trust International Fund Administration Services (Guernsey) Limited

Andrew Maiden

Tel: +44 (0) 1481 745368