BH Global Limited (the "Company")                       

     (a closed-ended investment company incorporated with limited liability under  
                  the laws of Guernsey with registered number 48555)               

                               Transaction in Own Shares                           

                                    31 January 2017                                

    On 31 January 2017 the Company purchased the following amount of shares:

      * 5,000 ordinary shares of no par value in the value in the capital of the
        Company designated as Sterling shares ("Sterling Shares") at a price of GBP
        12.7 per Sterling Share.

    These shares will be held as treasury shares.

    Following the above transactions of the relevant US Dollar and Sterling Shares,
    the total number of shares in issue in each share class of the Company will be
    as follows:

    Total number of treasury shares held  by   Number of shares in issue less shares held  
    the Company following the transactions     in treasury following the transactions as   
    described above                            described above                             
                                                                                           
    456,452 US Dollar Shares                   4,186,219 US Dollar Shares                  
                                                                                           
    2,044,737 Sterling Shares                  22,451,006 Sterling Shares                  

    The number of votes each share in the Company is entitled to on a poll at any
    general meeting of the Company was published by the Company on 23 May 2008 and
    will not change as a result of the purchase. These are:

    US Dollar Share                        1

    Sterling Share                            1.97950

    From 31 January 2017, the total number of voting rights in the Company (rounded
    to the nearest whole number) is 48,627,985.

    Enquiries:

    William Simmonds

    JPMorgan Cazenove

    Tel: 020 7588 2828

    David Yovichic

    Canaccord Genuity Limited

    Tel: 0207 523 8361

    The Company Secretary

    Northern Trust International Fund Administration Services (Guernsey) Limited

    Tel: 01481 745368