Directorate Change

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)

Director Retirement and Appointment

1 April 2016

The Company announces the proposed retirement of Christopher Legge as a non-executive independent director of the Company effective from 24 June 2016.  Mr Legge has been a director of the Company since its listing in 2007. The Board has greatly appreciated the experience and support he has contributed to the development of the Company.

In addition, the Company announces the proposed appointment of John Le Poidevin as an independent non-executive Director of the Company. It is anticipated that Mr Le Poidevin will join the Board with effect from 24 June 2016.

Mr Le Poidevin is a Director of International Public Partnerships Limited, Challenger Acquisitions Limited, Market Tech Holdings Limited, Safecharge International Group Limited and Stride Gaming Plc. He is a graduate of Exeter University, a Fellow of the Institute of Chartered Accountants in England and Wales and a former partner of BDO LLP, where as Head of Consumer Markets, he developed an extensive breadth of experience and knowledge across the leisure and retail sectors in the UK and overseas. With his experience as a former audit partner in London, he is well versed in audit, risk and controls, corporate governance and financial reporting.  Mr Le Poidevin is a resident of Guernsey.

There are no disclosures to be made in respect of LR 9.6.13 (2-6). All of Mr Le Poidevin’s current directorships in publicly quoted companies and in the past five years are noted below as required by LR 9.6.13 (1).

Current directorships

International Public Partnerships Limited
Challenger Acquisitions Limited
Market Tech Holdings Limited
Safecharge International Group Limited
Stride Gaming Plc

Enquiries:

Company website:        http://www.bhmacro.com/

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