BH Global Limited (the "Company") (a closed-ended investment scheme established as a company with limited liability under the laws of Guernsey with registered number 48555) Transparency Reporting 26 January 2017 As an investor in Brevan Howard Multi-Strategy Master Fund Limited (the "Master Fund"), the Company has exposure to investments by the Master Fund, directly or indirectly, in a series of other investment funds (the "Target Funds"). The Company has received from International Fund Services a series of Investor Transparency Reports relating to the Net Asset Value of the Master Fund and certain of the Target Funds it administers as at 31 December 2016. The reports are available on the Company's website, which can be accessed at www.bhglobal.com. Enquiries: Company website: www.bhglobal.com Northern Trust International Fund Administration Services (Guernsey) Limited Sharon A Williams Tel: +44 (0) 1481 745436