Director Dealing

BH MACRO LIMITED

(the “Company”)

(a non-cellular company limited by shares incorporated in the Island of Guernsey under the Companies (Guernsey) Law 2008, as amended, with registered number 46235 and registered as an Authorised Closed-ended Collective Investment Scheme with the Guernsey Financial Services Commission)

Director Dealing
27 March 2020

In accordance with Article 19(1) of Regulation (EU) No 596/2014 of the European Parliament and of the Council on market abuse (The Market Abuse Regulation), the Company has been notified that Mr Colin Maltby (Chairman of the Company) has purchased Sterling and US Dollar shares of the Company.  Details of the transaction are as set out below.

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Colin Maltby
2	Reason for the notification
a)	Position/status	Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	BH Macro Limited
b)	LEI [Legal Entity Identifier code]	549300ZOFF0Z2CM87C29
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Sterling shares & US Dollar Shares GG00B1NP5142  GG00B1NPGV15
b)	Nature of the transaction	Purchase
c)	Prices and volumes	Price(s)	Volume(s)
		£29.5 GBP	500 Shares
		Price(s)	Volume(s)
		$29.21 USD	500 Shares
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	27 March 2020
f)	Place of the transaction	London Stock Exchange

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