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

18 January 2024

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	Sterling
Date of purchase:	18 January 2024	18 January 2024
Number of ordinary shares purchased:	157,826	100,000
Lowest price per share	361.00	362.00
Highest price per share	363.50	363.50
Trading venue	London	JPSI
Aggregate volume per date per trading venue:	157,826	100,000
Weighted average price per day per trading venue:	362.1882	362.7500

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
369,086,413  Sterling Shares	4,443,494 Sterling Shares
29,854,672 Dollar Shares	Nil Dollar Shares

From 18 January 2024, the total number of voting rights in the Company (rounded up to the whole number) is 565,633,578.

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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