Holding(s) in Company

TR-1: Standard form for notification of major holdings

1. Issuer Details

ISIN

GG00B1NP5142

Issuer Name

BH MACRO LIMITED

UK or Non-UK Issuer

Non-UK

2. Reason for Notification

An acquisition or disposal of voting rights

3. Details of person subject to the notification obligation

Name

Rathbone Investment Management Ltd

City of registered office (if applicable)

London

Country of registered office (if applicable)

United Kingdom

Name	City of registered office	Country of registered office
Rathbone Unit Trust Management Ltd	London	UK
Rathbone Investment Management International Ltd	St Helier	Jersey

4. Details of the shareholder

Name	City of registered office	Country of registered office
Natwest Trustees Ltd	London	UK
BNP Paribas Ltd	London	UK
Rathbone Nominees Ltd	London	UK

5. Date on which the threshold was crossed or reached

27-Apr-2022

6. Date on which Issuer notified

28-Apr-2022

7. Total positions of person(s) subject to the notification obligation

.	% of voting rights attached to shares (total of 8.A)	% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)	Total of both in % (8.A + 8.B)	Total number of voting rights held in issuer
Resulting situation on the date on which threshold was crossed or reached	11.004400	0.000000	11.004400	4605486
Position of previous notification (if applicable)	10.999000	0.000000	10.999000

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached

8A. Voting rights attached to shares

Class/Type of shares ISIN code(if possible)	Number of direct voting rights (DTR5.1)	Number of indirect voting rights (DTR5.2.1)	% of direct voting rights (DTR5.1)	% of indirect voting rights (DTR5.2.1)
GG00B1NP5142		4518972		10.797700
GG00B1NPGV15		86514		0.206700
Sub Total 8.A	4605486		11.004400%

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

Type of financial instrument	Expiration date	Exercise/conversion period	Number of voting rights that may be acquired if the instrument is exercised/converted	% of voting rights
Sub Total 8.B1

8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))

Type of financial instrument	Expiration date	Exercise/conversion period	Physical or cash settlement	Number of voting rights	% of voting rights
Sub Total 8.B2

9. Information in relation to the person subject to the notification obligation

2. Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entities (please add additional rows as necessary)

Ultimate controlling person	Name of controlled undertaking	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
Rathbone Investment Management Ltd		10.182200		10.182200%
Rathbone Investment Management International Ltd		0.713300		0.713300%
Rathbone Unit Trust Management Limited		0.109000		0.109000%

10. In case of proxy voting

Name of the proxy holder

The number and % of voting rights held

The date until which the voting rights will be held

11. Additional Information

None

12. Date of Completion

28-Apr-2022

13. Place Of Completion

Port of Liverpool Building, Liverpool L3 1NW