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Net Asset Value(s).

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| December 01, 2008 | COPYRIGHT 2008 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Hugin)

BOUSSARD & GAVAUDAN HOLDING LIMITED Ordinary Shares

The Directors of Boussard & Gavaudan Holding Limited would like to announce the following information for the Company.

Close of business 28 Nov 2008.

Estimated NAV

Euro Shares Sterling Shares Estimated NAV 9.6005 GBP 9.3513 Estimated MTD return 1.24 % 4.29 % Estimated YTD return -13.51 % -6.49 % Estimated ITD return -4.00 % -6.49 %

NAV and returns are calculated net of management and performance fees

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