BH GLOBAL LIMITED (the "Company")                       
              (a closed-ended investment company incorporated in Guernsey          
                            with registration number 48555)                        

    Partial Return of Capital

                                      27 May 2015                                  

    Further to the announcement on 16 April 2015, the Company is today posting a
    circular to shareholders setting out details of the partial capital return to
    be funded from the net asset value growth of the Company during 2014.

    The aggregate value of the shares of each class to be redeemed by the Company
    pursuant to the partial capital return will be limited to an amount equivalent
    to approximately 2 per cent. of the net asset value of each share class as at
    31 December 2014, being:  Sterling shares £7,300,000 and US Dollar shares:
    $1,840,000.

    The partial capital return will entitle eligible shareholders to have the
    following percentages of their shareholding of the relevant class redeemed at
    the following prices:

                              Redemption percentage     Redemption price         
                                                                                 
    Sterling shares           1.8769%                   £13.7770                 
                                                                                 
    US Dollar shares          2.6201%                   $13.5749                 

    The redemption prices are at a 1 per cent. discount to the 30 April 2015 final
    month-end net asset values to reflect the attribution to the shares to be
    redeemed of the costs of the partial capital return.

    Further details regarding the partial capital return, including its terms and
    conditions and the process for participation, are included in the circular.  As
    described in the circular, the partial capital return is not available to
    certain overseas shareholders.

    The record time and date for participation in the partial capital return will
    be 5.00 p.m. (GMT) on 29 May 2015.  It is expected that settlement of the
    proceeds of the partial capital return will be made during the week commencing
    6 July 2015.

    A copy of the circular will shortly be available on the Company's website at 
    http://www.bhglobal.com/.  The circular has also been submitted to the National
    Storage Mechanism and will shortly be available for inspection at 
    www.morningstar.co.uk/uk/nsm.

    Enquiries:

    William Simmonds
    JPMorgan Cazenove
    Tel: 020 7588 2828

    David Yovichic
    Canaccord Genuity Limited
    020 7523 8361

    The Company Secretary
    Northern Trust International Fund Administration Services (Guernsey) Limited
    Tel: 01481 745368