Conversion of Securities

BH Macro Limited (the "Company")
(a closed-ended collective investment scheme established as a company with limited liability under the laws of Guernsey with registered number 46235)

December 2015 Share Conversion
31 December 2015

The Company has received (in aggregate) the following share conversion requests from shareholders for the 30 December 2015 Share Conversion Date:

4,810 USD Shares to convert to GBP Shares

Conversions will take place as soon as practicable after the Company's month-end net asset value figures for December 2015 are released. Converting shareholders will be notified upon conversion taking place, which will be no later than 25 business days after 30 December 2015.

Company website:        www.bhmacro.com
 
Enquiries:
Northern Trust International Fund Administration Services (Guernsey) Limited
Rebecca Booth
Tel:       [phone]