BHGE BH Global Eur

                       BH Global Limited (the "Company")

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

                            Transparency Reporting

                                 27 April 2015

As an investor in Brevan Howard Multi-Strategy Master Fund Limited (the "Master
Fund"), the Company has exposure to investments by the Master Fund, directly or
indirectly, in a series of other master funds managed by Brevan Howard (the
"Target Funds"). The Company has received from International Fund Services a
series of Investor Transparency Reports relating to the Net Asset Value of the
Master Fund and certain of the Target Funds it administers as at 31 March 2015.
The reports are available on the Company's website, which can be accessed at
www.bhglobal.com.

Enquiries:

Company website:        www.bhglobal.com

Northern Trust International Fund Administration Services (Guernsey) Limited
Andrew Maiden
Tel: +44 (0) 1481 745368