General information

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 ¤ 1,000,000.

The total amount credited to the liquidity account will therefore be
¤ 4,000,000.

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


18 September 2008


Further information:

B&G Asset Management                          [phone]
Emmanuel Gavaudan


The Company is a closed-ended investment company incorporated with
limited liability under the laws of Guernsey with registration number
45582. 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.

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