BH Global Limited (the "Company")                       
      (a closed-ended collective investment scheme established as a company with   
      limited liability under the laws of Guernsey with registered number 48555)   
                                                                                   

                            December 2016 Share Conversion                         
                                    31 January 2017                                

    The Company has received (in aggregate) the following share conversion requests
    from shareholders for the 31 January 2017 Share Conversion Date:

    - 21,238  GBP Shares to be converted to US Dollar Shares
    - 26,770  USD Shares to be converted to GBP Shares

    Conversions will take place as soon as practicable after the Company's
    month-end net asset value figures for 31 January 2017 are released. Converting
    shareholders will be notified upon conversion taking place, which will be no
    later than 25 business days after 31 January 2017.

    Company website:         www.bhglobal.com

    Enquiries:
    The Company Secretary
    Northern Trust International Fund Administration Services (Guernsey) Limited
    Tel:       +44 (0) 1481 745736