Conversion of Securities

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)

LEI: 549300ZOFF0Z2CM87C29

Completion of 30 June 2026 Share Conversion
3 August 2026

 

Classified Regulated Information, under DTR 6.1.12

 

Following the publication on 22 July 2026 of the final month-end net asset values for 30 June 2026, the following share conversion ratios have been determined in accordance with the articles of incorporation of the Company for the purposes of the 30 June 2026 share conversion date:

0.771459	Sterling shares for each US Dollar share
1.296244	US Dollar shares for each Sterling share

On the basis of aggregate applications received and using the conversion ratios listed above, the following shares will be issued:

-           23,868 US Dollar Shares of no par value

and the following shares will be cancelled:

-           18,414 Sterling Shares of no par value

all with effect from 3 August 2026.

Application will be made for the new shares to be admitted to trading on the London Stock Exchange’s main market for listed securities.

Admission is expected to occur on or about 10 August 2026. Shareholder CREST accounts for converting shareholders are expected to be updated by 5.00pm on or about 10 August 2026.

Following issue and cancellation of the relevant shares, the total number of shares in issue in each class will be as follows:

-   23,556,505   US Dollar Ordinary Shares (Excluding Treasury Shares)

-   975,141     US Dollar Treasury Shares

-   299,975,202   Sterling Ordinary Shares (Excluding Treasury Shares)

-   77,762,096   Sterling Treasury Shares

The number of votes each share in the Company is entitled to on a poll at any general meeting of the Company was published by the Company on 9 March 2007 and will not change as a result of the conversions. These are:

US Dollar Share   0.7606  

Sterling Share   1.4710

From 3 August 2026, the total number of voting rights in the Company (rounded up to the whole number) is 459,180,600.

Website:   www.bhmacro.com

Enquiries:

Northern Trust International Fund Administration Services (Guernsey) Limited

Tel:   [phone]

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