Share Conversion Request – March 2016

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)

March 2016 Share Conversion

4 April 2016

The Company has received (in aggregate) the following share conversion requests from shareholders for the 31 March 2016 Share Conversion Date:

2,257 US Dollar Shares to convert to GBP Shares

570 GBP Shares to convert to US Dollar Shares

Conversions will take place as soon as practicable after the Company's month-end net asset value figures for March 2016 are released. Converting shareholders will be notified upon conversion taking place, which will be no later than 25 business days after 31 March 2016.

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

Enquiries:

Northern Trust International Fund Administration Services (Guernsey) Limited

Sharon A Williams

Tel:       [phone]