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

15 December 2023

BH Macro Limited (the Company) announces today it has purchased the following number of its ordinary shares on the London Stock Exchange from J.P. Morgan Securities plc:

Ordinary Shares: - Share Class	Sterling
Date of purchase:	15 December 2023
Number of ordinary shares purchased:	274,798
Lowest price per share	357.00
Highest price per share	360.00
Trading venue	LSE
Aggregate volume per date per trading venue:	274,798
Weighted average price per day per trading venue:	359.5860

The Company intends to hold the purchased shares in treasury.

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

Ordinary Shares in issue (excluding Treasury)	Ordinary Shares held in Treasury
372,884,971 Sterling Shares	643,455 Sterling Shares
29,856,472 Dollar Shares	Nil Dollar Shares

From 15 December 2023, the total number of voting rights in the Company (rounded down to the whole number) is 571,222,625.

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]

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