Boussard & Gavaudan Holding Limited (the "Company")

a closed-ended investment company incorporated with limited liability under the laws of Guernsey with registration number 45582

Notification of Retirement of Director

and

Appointment of Replacement Director


Further to the annual general meeting documentation published on 23 April, 2018, in which Mr Nicolas Wirz indicated his intention to retire as a director of the Company with effect from the conclusion of the annual general meeting ("AGM") held today, 29 June, 2018, Mr Wirz has now retired and did not seek re-election.  The Board thanks Mr Wirz for his years of service and contributions to the Company and wishes him well.


Following Mr Wirz's retirement, the Board is pleased to announce the appointment of Mrs Sylvie Sauton as a non-executive director of the Company effective 29 June, 2018. Mrs Sauton will hold office until the next annual general meeting, at which meeting she will stand for re-election.

Mrs Sauton has thirty years experience as an investment banker for Salomon Brothers, Lehman Brothers and JP Morgan for whom she was, for the last ten years, a managing director. 

Mr Andrew Henton, Chairman of the Company said: "The Board of Boussard & Gavaudan Holding Limited is delighted that Mrs Sylvie Sauton has agreed to become a director of the Company.  Her extensive experience in investment banking equips her to be a valuable addition to the Board."

There is no other information required to be disclosed by the United Kingdom Listing Authority's Listing Rule LR 9.6.13R.


For further information please contact:


Boussard & Gavaudan Investment Management, LLP
Emmanuel Gavaudan  

+44 20 3751 5389

JTC Fund Solutions (Guernsey) Limited

Secretary

+44 (0) 1481 702400


29 June, 2018


Website: www.bgholdingltd.com


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 shares of the Company (the "Shares") are listed on Euronext Amsterdam. The Shares are also listed on the Official List of the UK Listing Authority and admitted to trading on the London Stock Exchange plc's main market for listed securities.


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 BG Fund Plc has 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 will 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.

You should always bear in mind that:

all investment is subject to risk;

results in the past are no guarantee of future results;

the investment performance of BGHL may go down as well as up. You may not get back all of your original investment; and

if you are in any doubt about the contents of this communication or if you consider making an investment decision, you are advised to seek expert financial advice.


This communication is for information purposes only and the information contained in this communication should not be relied upon as a substitute for financial or other professional advice.