BGHL GBP NAV & Share buy back

                                      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 Sep 2020.

Estimated NAV

	Euro Shares	Sterling Shares
Estimated NAV	€    23.6308	£    20.9246
Estimated MTD return	1.26 %	1.19 %
Estimated YTD return	3.19 %	1.40 %
Estimated ITD return	136.31 %	109.25 %

NAV and returns are calculated net of management and performance fees

Market information

Euro Shares	Amsterdam (AEX)	London (LSE)
Market Close	€    17.00	N/A
Premium/discount to estimated NAV	-28.06 %	N/A
Sterling Shares	Amsterdam (AEX)	London (LSE)
Market Close	N/A	GBX 1,500.00
Premium/discount to estimated NAV	N/A	-28.31 %

Transactions in own securities purchased into treasury

Ordinary Shares	Euro Shares	Sterling Shares
Number of shares	40,000	N/A
Average Price	€    17.05	N/A
Range of Price	N/A	N/A