Correction : Transaction in Own Shares

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)

Transaction in Own Shares - CORRECTION

2 July 2015

The following amendments have been made to the “Transaction in Own Shares” announcement released on 2 July 2015 at 17:35.

• 6,364 Sterling shares of no par value were purchased by the Company at a price of GBP 20.7698 per Sterling share (previously announced 6,634 shares / GBP 20.7698)

All other details remain unchanged and the full amended text is shown below.

On 2 July 2015 the Company purchased the following amount of shares:

• 6,364 ordinary shares of no par value in the value in the capital of the Company designated as Sterling shares (“Sterling Shares”) at a price of GBP 20.7698 per Sterling Share.

These shares will be held as treasury shares.

Following the above share transactions of the relevant Euro, US Dollar and Sterling Shares, the total number of shares in issue in each share class of the Company will be as follows:

Total number of treasury shares held  by the Company following the above transaction	Number of shares in issue less shares held in treasury following the above transaction
416,612 Euro Shares	4,778,701 Euro Shares
1,975,725 US Dollar Shares	18,575,287 US Dollar Shares
3,406,256 Sterling Shares	36,554,194 Sterling Shares

The number of votes each share in the Company is entitled to on a poll at any general meeting of the Company was published by the Company on 9 March 2007 and will not change as a result of the conversions. These are:

Euro Share                    1

US Dollar Share            0.7606 

Sterling Share                1.4710

From 2 July 2015, the total number of voting rights in the Company (rounded down to the whole number) is 72,678,284.

Enquiries:

Company website:        www.bhmacro.com

William Simmonds
JPMorgan Cazenove
Tel: [phone]

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