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

28 October 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	US Dollar	Sterling
Date of purchase:	28 October 2025	28 October
Number of ordinary shares purchased:	31,074	96,025
Lowest price per share (pence)	4.10	403.00
Highest price per share (pence)	4.14	403.00
Trading venue	London	London
Aggregate volume per date per trading venue:	31,074	96,025
Weighted average price per day per trading venue (pence):	4.1309	403.0000

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
321,233,543 Sterling Shares	55,861,029 Sterling Shares
25,302,981 Dollar Shares	71,863 Dollar Shares

From 28 October 2025, the total number of voting rights in the Company (rounded up to the whole number) is 491,779,989.

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]

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