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)

LEI: 549300ZOFF0Z2CM87C29

March 2023 Share Conversion

5 April 2023

(Classified Regulated Information, under DTR 6 Annex 1 section 2.3)

The Company has received (in aggregate) the following share conversion requests from shareholders for the 31 March 2023 Share Conversion Date:

   33,530 USD Shares to convert to GBP Shares

  10,285 GBP Shares to convert to USD Shares

Conversions will take place as soon as practicable after the Company's month-end net asset value figures for March 2023 are released. Converting shareholders will be notified upon conversion taking place, which will be no later than 25 business days after 31 March 2023.

Company website:  www.bhmacro.com

Enquiries:
The Company Secretary
Northern Trust International Fund Administration Services (Guernsey) Limited
Tel:  [phone]