Result of EGM

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)

Results of Extraordinary General Meeting

18 February 2016

The Company is pleased to announce that at the Extraordinary General Meeting held on
18 February 2016, the special resolution as set out in the Notice of Meeting dated
25 January 2016 was unanimously passed by way of a show of hands.

The number of votes for and against each of the resolutions and the number of votes withheld were as follows:

Special Resolution	For	Against	Vote Withheld
That the Company be and is hereby generally and unconditionally authorised in accordance with the Companies (Guernsey) Law, 2008, as amended (the “Companies Law”), to make market acquisitions (as defined in the Companies Law) of each class of its shares (either for retention as treasury shares for resale or transfer, or cancellation), PROVIDED THAT: (a)  the maximum number of shares authorised to be purchased shall be 622,041 shares designated as Euro shares, 2,519,860 shares designated as US Dollar shares and 4,932,448 shares designated as Sterling shares (being 14.99 per cent. of the shares of each class in issue as at the latest practicable date prior to the date of publication of this document, excluding shares held in treasury); (b)  the minimum price (exclusive of expenses) which may be paid for a share shall be 1 cent for shares designated as Euro shares, 1 cent for shares designated as US Dollar shares and 1pence for shares designated as Sterling shares; (c)  the maximum price which may be paid for a share of the relevant class is an amount equal to the higher of: (a) 105 per cent. of the average of the middle market quotations for a share of the relevant class on the relevant market for the five business days immediately preceding the date on which the share is purchased; and (b) the higher of (i) the price of the last independent trade for a share of the relevant class and (ii) the highest current independent bid for a share of the relevant class at the time of purchase; and (d)  the authority hereby conferred shall expire at the annual general meeting of the Company in 2016 unless such authority is varied, revoked or renewed prior to such date by a special resolution of the Company in general meeting.	31,834,180	0	0

Note:

-     In total, 9.84% of the Euro shares in issue, 77.76% of the Sterling shares in issue and 23.64% of the US Dollar shares in issue were voted on the resolutions.

-     “Votes withheld” are not votes in law and are not counted in the calculation of the proportion of votes for or against a resolution.

Enquiries:
Company website:       www.bhmacro.com

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