Transaction in Own Shares

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

12 September 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
Date of purchase:	12 September 2025
Number of ordinary shares purchased:	170,737
Lowest price per share (pence)	392.00
Highest price per share (pence)	393.00
Trading venue	London
Aggregate volume per date per trading venue:	170,737
Weighted average price per day per trading venue (pence):	392.3524

The Company intends to hold the purchased shares in treasury.

Following the above share transactions of the relevant US Dollar and 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
325,583,114 Sterling Shares	51,388,050 Sterling Shares
25,537,101 Dollar Shares	Nil Dollar Shares

From 12 September 2025, the total number of voting rights in the Company (rounded up to the whole number) is 498,356,280.

Enquiries:

Company website:        www.bhmacro.com

William Simmonds

JPMorgan Cazenove

Tel: [phone]

The Company Secretary

Northern Trust International Fund Administration Services (Guernsey) Limited

Tel: [phone]

---

---