REG-BH Macro Limited: Transaction in Own Shares

BH MacroAnnouncement

Yesterday 17:15

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 2025

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          US Dollar         
 Date of purchase:                                            15 December 2025  15 December 2025  
 Number of ordinary shares purchased:                         244,314           11,000            
 Weighted average price (Sterling/US Dollars as applicable):  4.0416            4.2180            

The Company intends to hold the purchased shares in treasury.

Following the above share transactions of the relevant US Dollar and/or
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  
 317,295,743 Sterling Shares                    60,761,863 Sterling Shares        
 23,876,082 US Dollar Shares                    240,675 US Dollar Shares          

From 15 December 2025, the total number of voting rights in the Company
(rounded up to the whole number) is 484,902,186.

Enquiries:

Company website:                                                       
                     www.bhmacro.com

William Simmonds
JPMorgan Cazenove                                                         
                                                                              
            Tel: 020 7588 2828

The Company Secretary                                                        
                                                            Northern Trust
International Fund Administration Services (Guernsey) Limited                 
                                       
                                                                              
            Tel: 01481 745001



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