Potential Treasury Share Sales

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

Potential Treasury Share Sales

20 April 2020

Further to publication on 15 April 2020 of the estimated net asset value per share of each class of the Company's shares as at 9 April 2020, the Company confirms that it may sell Sterling shares at a price of 3282 pence per share and US Dollar shares at a price of $34.06 per share, reflecting a 2% premium to the estimated net asset value per share of each class as at 9 April 2020.  All sales will be of shares currently held by the Company in treasury.

Unless otherwise announced by the Company, the Company may sell shares at this price until 20 April 2020. Investors wishing to participate in any sale should contact the Company's brokers, J.P. Morgan Cazenove.

Company website:  www.bhmacro.com

Enquiries:
J.P. Morgan Cazenove
Tel: [phone] 
Email: [e-mail]

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