Annual Report

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)   

                                Annual Accounts                                

                                 20 April 2015                                 

The Company announces that the Annual Report and Audited Financial Statements
of the Company for the year ended 31st December 2014 (the "Accounts") have
been posted to shareholders.

In accordance with Listing Rule 9.6.3,a copy of the Accountshas been submitted
to the National Storage Mechanism and will shortly be available for inspection
at: www.morningstar.co.uk/uk/NSM and are also available on the Company's website
at: www.bhmacro.com.

Enquiries:

Company website:        www.bhmacro.com

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