Boussard & Gavaudan Holding Limited

Boussard & Gavaudan Holding Limited a closed-ended investment company incorporated with limited liability under the laws of Guernsey with registration number 45582 19 October 2010 Boussard & Gavaudan Holding Limited (the "Company") The Company today announces that it intends to change the way its assets are held at the underlying level. At present, the Company's assets are substantially invested in Sark Fund Limited ("Sark").  The Company has been notified by its investment manager, Boussard & Gavaudan Asset Management LP (the "Manager"), that Boussard & Gavaudan Fund plc, a 'qualifying investor fund' domiciled in Ireland (the "QIF"), has been established.  The Manager has advised that the investment strategy of the QIF and other terms of shares in the QIF will be identical to those of Sark. The directors of the Company, on advice from the Manager, have resolved to transfer the Company's assets in Sark to the QIF. This will be effected by the Company redeeming its investment in Sark and investing the proceeds in the QIF. It is expected that the changes described in this announcement will take effect on or around 1 November 2010. For further information, please contact: B&G Asset Management                                                 +44 20 7514 0700 Emmanuel Gavaudan (Hong Kong) +852 39 65 32 16 Manuel Kalbreier (London) +44 20 7514 0725 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 company is listed on Euronext Amsterdam and on the London Stock Exchange ("LSE"). This announcement is for information purposes only and is not an offer to invest. All investments are subject to risk. Past performance is no guarantee of future returns. Prospective investors are advised to seek expert legal, financial, tax and other professional advice before making any investment decision. The value of investments may fluctuate. Results achieved in the past are no guarantee of future results. 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 Sark Fund Limited have 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 ill 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. [HUG#1453107] Boussard & Gavaudan Holding Limited: http://hugin.info/139013/R/1453107/393714.pdf This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: BOUSSARD AND GAVAUDAN HOLDING LIMITED (EUR) via Thomson Reuters ONE
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