BGHL (GBP)

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 25 Nov 2022.

Estimated NAV

	Euro Shares	Sterling Shares
Estimated NAV	€    27.6666	£    24.2912
Estimated MTD return	-1.59 %	-1.49 %
Estimated YTD return	-5.25 %	-4.01 %
Estimated ITD return	176.67 %	142.91 %

NAV and returns are calculated net of management and performance fees

Market information

Euro Shares	Amsterdam (AEX)	London (LSE)
Market Close	€    22.40	N/A
Premium/discount to estimated NAV	-19.04 %	N/A
Sterling Shares	Amsterdam (AEX)	London (LSE)
Market Close	N/A	GBX 2,000.00
Premium/discount to estimated NAV	N/A	-17.67 %

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