Changes to the allocated to the liquidity enhan...

Changes to the amount allocated to the liquidity enhancement Agreement


Boussard & Gavaudan Holding Limited (the "Company") announces today that it will
credit  the liquidity account held with Exane (the "Liquidity Account") pursuant
to  the liquidity  enhancement agreement  ("LEA") between  the Company and Exane
with an additional € 100,000.

The total amount credited to the liquidity account will therefore be € 100,000.

Under the LEA, the company may allocate to this account up to a maximum of
€ 10,000,000 per year.




1 July 2010


Further information:

Emmanuel Gavaudan (Hong Kong) [phone]
Manuel Kalbreier (London) [phone]


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).

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 the Sark Fund 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#1429089]





    Changes to the amount allocated to the liquidity enhancement Agreement: 

http://hugin.info/139558/R/1429089/376332.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. 
All reproduction for further distribution is prohibited.
		
Source: BOUSSARD AND GAVAUDAN HOLDING LIMITED (GBP) via Thomson Reuters ONE