Boussard & Gavaudan Holding Limited

Boussard & Gavadan 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
                                                [phone]

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). 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#1453116]





Boussard & Gavaudna Holding Limited: 


http://hugin.info/139558/R/1453116/393718.pdf




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Source: BOUSSARD AND GAVAUDAN HOLDING LIMITED (GBP) via Thomson Reuters ONE