Boussard & Gavaudan Holding Limited announced the appointment of Mr. Frédéric Hervouet and Mr. Luke Allenas non-executive directors of the Company with immediate effect. Fred Hervouet (49) has 25 years of experience in capital markets and asset management roles. Until end of 2013, Fred was Managing Director and Head of Commodity Derivatives Asia for BNP Paribas, including Trading, Structuring and Sales, and based in Singapore.

Prior to BNP Paribas he also worked for two multi-billion multi-strategy hedge funds including quantitative strategies (CTAs), convertible arbitrage, event driven, fixed income relative value and commodity long-short. In the last 25 years, Fred has worked in different aspects of the financial markets and asset management industry. His experience includes derivatives markets, structured and corporate finance, structured products and hedge funds, trading and risk management.

Fred has worked in Singapore, Lausanne, Paris and London. On his last position, Fred was a member of BNP Paribas Commodity Group Executive Committee and BNP Paribas Credit Executive Committees on Structured Finance projects (structured debt and trade finance). Fred now acts as a full time dedicated non-executive director of and advisor to listed companies and private equity funds.

Mr. Allen is an independent non-executive director with almost 30 years' experience working in the financial services sector, the last 17 of which have been spent in the alternative investment funds industry. Until December 2019 he was the chief executive and managing director of Man Group plc's Guernsey office, which serviced an extensive range of hedge funds and funds of hedge funds. His primary role was to lead Man's operations in Guernsey, chairing the local management company board meetings, setting strategy and ensuring effective risk management, outsourced service provider oversight, and compliance with laws and regulations.

He has over 13 years' experience (most recently in an independent non-executive capacity) of working with, and sitting on the boards of, a wide range of fund and management company structures across a significant number of international jurisdictions. He is a chartered accountant (ICAEW) and, prior to running Man's Guernsey office, he headed up their fund financial reporting and liquidations team, with responsibility for the production of fund financial statements and for fund terminations across their entire product range. He is a holder of a personal fiduciary licence issued by the Guernsey Financial Services Commission.

Following the announcement on 29 July 2022 that Mr. Andrew Howat has resigned as a non-executive director and will not be standing for re-election at the Company's forthcoming annual general meeting, the Company announces that his resignation will take effect on 22 September, 2022.