BGHL May 2009 Newsletter

Good afternoon,

Please find enclosed BGHL May 2009 Newsletter.

Best regards,

Enquiries:
Boussard & Gavaudan Asset Management, L.P.
Emmanuel Gavaudan
Email: [e-mail]
Telephone: [phone]

This document is issued by Boussard & Gavaudan Asset Management, L.P.
which is authorised and regulated in the conduct of investment
business by the Financial Services Authority in the United Kingdom.
This document is for information purposes only and is not an offer to
invest. Boussard & Gavaudan Holding Limited is a closed-ended
investment company incorporated under the laws of Guernsey. Boussard
& Gavaudan Holding Limited is registered with the Dutch Authority for
Financial Markets as a collective investment scheme under article
1.107 of the Dutch Financial Markets Supervision Act. All investment
is subject to risk. Past performance is no guarantee of future
performance, and the price of shares in Boussard & Gavaudan Holding
Limited can fall as well as rise. Boussard & Gavaudan Asset
Management, L.P., 1 Dover Street, London, W1S 4LA.




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