BH Global Limited Performance Fee High Water Mark


 
TIDMBHGG TIDMBHGE TIDMBHGU 
 
BH Global Limited (the "Company") 
 
  (a closed-ended collective investment scheme established as a company with 
  limited liability under the laws of Guernsey with registered number 48555) 
 
                       Performance Fee High Water Marks 
 
                                10 October 2014 
 
The Company announces that, for the purposes of calculating the performance fee 
payable to Brevan Howard Capital Management LP following reinvestment of the 
Company into Brevan Howard Multi-Strategy Master Fund Limited, the base net 
asset value per share of the Company's Sterling shares and US dollar shares as 
at 1 September 2014 has been set at GBP13.69 and $13.56 respectively. 
 
These figures represent a 2.85% premium to the actual net asset values per 
share as at 31 August 2014. They take into account the extent to which certain 
of the Company's previous underlying investments were performing below existing 
high water marks immediately prior to the Company's reinvestment into Brevan 
Howard Multi-Strategy Master Fund Limited so that the Company is not required 
to pay a performance fee in respect of net asset appreciation up to the 
aforementioned figures. 
 
Enquiries: 
 
Company website:        www.bhglobal.com 
 
Brevan Howard 
Daniel Riggs 
Tel:       +44 (0) 207 022 6236 
 
Northern Trust International Fund Administration Services (Guernsey) Limited 
Andrew Maiden 
Tel:       +44 (0) 1481 745368 
 
 
 
 
END

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