July 2014 Share Conversion

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)

July 2014 Share Conversion

1 August 2014

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

- 280,936 Sterling shares to be converted to US Dollar shares

- 50,000 US Dollar 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 July 2014 are released. Converting shareholders will be notified upon conversion taking place, which will be no later than 25 business days after 31 July 2014.

Company website: www.bhglobal.com

Enquiries:

Northern Trust International Fund Administration Services (Guernsey) Limited

Andrew Maiden

Tel: +44 (0) 1481 745368