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 01 Mar 2021.

Estimated NAV

	Euro Shares	Sterling Shares
Estimated NAV	€    26.4676	£    23.1202
Estimated MTD return	0.38 %	0.39 %
Estimated YTD return	2.05 %	1.54 %
Estimated ITD return	164.68 %	131.20 %

NAV and returns are calculated net of management and performance fees

Market information

Euro Shares	Amsterdam (AEX)	London (LSE)
Market Close	€    21.10	N/A
Premium/discount to estimated NAV	-20.28 %	N/A
Sterling Shares	Amsterdam (AEX)	London (LSE)
Market Close	N/A	GBX 1,800.00
Premium/discount to estimated NAV	N/A	-22.15 %

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