BHGE BH Global Eur

                       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 £13.69 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