BGHL Final result of conversion

Tuesday, 19. January 2010 18:31
Boussard & Gavaudan Holding Limited
a closed-ended investment company incorporated with limited liability under the
laws of Guernsey with registration number 45582

Result of conversion


Boussard & Gavaudan Holding Limited ("B&G Holding" or the "Company") today
announces the result of the facility to convert existing holdings of:

·          Euro Shares in the Company ("Euro Shares") into Sterling Shares in
the Company (the "Sterling Shares"); and
·          Sterling Shares into Euro Shares,

(together, the "Conversion") for the 31 December 2009 conversion calculation
date (the " December Conversion Calculation Date").

Conversion requests

The aggregate number of shares for which conversion request forms were received
for the December Conversion Calculation Date was:

150,576 Euro Shares
341,197 Sterling Shares

Conversion ratios

+--------------------------+--------------------------+------------------------+
| The net asset values per | The spot currency | On the basis of the |
| share as at the December |conversion rates as at the| above, the conversion |
| Conversion Calculation | December Conversion | ratios are as follows: |
| Date were: | Calculation Date were: | |
+--------------------------+--------------------------+------------------------+
|Euro Shares: € 12.3770 |Euro GBP: 0.888556 |0.936138 Sterling Shares|
|  |  |for every one Euro Share|
+--------------------------+--------------------------+------------------------+
|Sterling Shares: £ 11.7479|Euro GBP: 0.888556 |1.068218 Euro Shares for|
|  |  |every one Sterling Share|
+--------------------------+--------------------------+------------------------+

Cancellation

As a result of the Conversion, the number of Euro Shares will be increased by
213,896 shares.
As a result of the Conversion, the number of Sterling Shares will be reduced by
200,238 shares.

Results of conversion

With effect from Conversion, the issued share capital of B&G Holding was on 31
December 2009.

57,561,732 Euro Shares
1,488,236 Sterling Shares

Admission of new shares

Application has been made for:
364,472 Euro Shares to be admitted to listing and trading on Euronext Amsterdam,
140,959 Sterling Shares to be admitted to the Official List of the UK Listing
Authority and to trading on the London Stock Exchange plc's main market for
listed securities.

Next conversion

The next conversion calculation date will be 31 March 2009 (the "March
Conversion Calculation Date").  Shareholders wishing to convert between share
classes should complete the appropriate conversion request form, which is
available from the Company's website www.bgholdingltd.com
.

19 January 2010



B&G Asset Management                                              +44
20 7514 0700
Emmanuel Gavaudan

The Company is established as a closed-ended investment company domiciled in
Guernsey. The Company has received the necessary approval of the Guernsey
Financial Services Commission and the States of Guernsey Policy Council. The
Company is registered with the Dutch Authority for the Financial Markets as a
collective investment scheme pursuant to article 2:73 in conjunction with 2:66
of the Dutch Financial Supervision Act (Wet op het financieel toezicht). The
Company is listed on Euronext Amsterdam and on the London Stock Exchange
("LSE").

This announcement is for information purposes only and is not an offer to
invest. All investments are subject to risk. Past performance is no guarantee of
future returns. Prospective investors are advised to seek expert legal,
financial, tax and other professional advice before making any investment
decision. The value of investments may fluctuate. Results achieved in the past
are no guarantee of future results.

This is not an offer to sell or a solicitation of any offer to buy any
securities in the United States or in any other jurisdiction. This announcement
is not intended to and does not constitute, or form part of, any offer or
invitation to purchase any securities or the solicitation of any vote or
approval in any jurisdiction, nor shall there be any sale, issuance or transfer
of the securities referred to in this announcement in any jurisdiction in
contravention of applicable law.

Neither the Company nor Sark Fund Limited have been, and neither will be,
registered under the US Investment Company Act of 1940, as amended (the
"Investment Company Act").  In addition the securities referenced in this
announcement have not been and will not be registered under the US Securities
Act of 1933, as amended (the "Securities Act"). Consequently any such securities
may not be offered, sold or otherwise transferred within the United States or
to, or for the account or benefit of, US persons except in accordance with the
Securities Act or an exemption therefrom and under circumstances which ill not
require the issuer of such securities to register under the Investment Company
Act. No public offering of any securities will be made in the United States.




[HUG#1375025]





BGHL Final result of conversion: http://hugin.info/139013/R/1375025/337210.pdf


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