BGHL (EUR)

NAV(s)

                                      BOUSSARD & GAVAUDAN HOLDING LIMITED

Ordinary Shares

The Directors of Boussard & Gavaudan Holding Limited would like to announce the following information for the Company.

Close of business 29 May 2020.

Estimated NAV

	Euro Shares	Sterling Shares
Estimated NAV	€  22.8212	£  20.2753
Estimated MTD return	1.86 %	1.89 %
Estimated YTD return	-0.34 %	-1.75 %
Estimated ITD return	128.21 %	102.75 %

NAV and returns are calculated net of management and performance fees

Market information

Euro Shares	Amsterdam (AEX)	London (LSE)
Market Close	€  16.75	N/A
Premium/discount to estimated NAV	-26.60 %	N/A
Sterling Shares	Amsterdam (AEX)	London (LSE)
Market Close	N/A	GBX 1,425.00
Premium/discount to estimated NAV	N/A	-29.72 %

Transactions in own securities purchased into treasury

Ordinary Shares	Euro Shares	Sterling Shares
Number of shares	N/A	N/A
Average Price	N/A	N/A
Range of Price	N/A	N/A

           

                                           

Liquidity Enhancement Agreement	Euro Shares	Sterling Shares
Number of shares	N/A	N/A
Average Price	N/A	N/A

BGHL Capital