Director Dealing

BH MACRO LIMITED
(the “Company”)

(a non-cellular company limited by shares incorporated in the Island of Guernsey under the Companies (Guernsey) Law 2008, as amended, with registered number 46235 and registered as an Authorised Closed-ended Collective Investment Scheme with the Guernsey Financial Services Commission)

Director Dealing
6 September 2021

The Company has been notified that Mr Richard Horlick (Chairman of the Company) has purchased Sterling shares of the Company.  Details of the transaction are as set out below.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Richard Horlick
2	Reason for the notification
a)	Position/status	Chairman
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	BH Macro Limited
b)	LEI [Legal Entity Identifier code]	549300ZOFF0Z2CM87C29
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares (Sterling Class) GG00B1NP5142
b)	Nature of the transaction	Purchase
c)	Price(s) and volumes	Price(s)	Volume(s)
		£35.6 GBP	20,000 Shares
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	2 September 2021
f)	Place of the transaction	London Stock Exchange

Following this transaction, Richard Horlick is the beneficial holder of a total of 20,000 ordinary shares.

Enquiries:

Northern Trust International Fund Administration Services (Guernsey) Limited

Tel:  [phone]