Transparency Reporting

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) Transparency Reporting 27 April 2015 As an investor in Brevan Howard Multi-Strategy Master Fund Limited (the "MasterFund"), the Company has exposure to investments by the Master Fund, directly orindirectly, in a series of other master funds managed by Brevan Howard (the"Target Funds"). The Company has received from International Fund Services aseries of Investor Transparency Reports relating to the Net Asset Value of theMaster Fund and certain of the Target Funds it administers as at 31 March 2015.The reports are available on the Company's website, which can be accessed atwww.bhglobal.com. Enquiries: Company website: www.bhglobal.com Northern Trust International Fund Administration Services (Guernsey) LimitedAndrew MaidenTel: +44 (0) 1481 745368