Result of EGM

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) Results of Extraordinary General Meeting 3 December 2014 The Company is pleased to announce that at the Extraordinary General Meetingheld on 3 December 2014, the special resolution as set out in the Notice of Meetingdated 10 November 2014 was unanimously passed by way of a show of hands. The number of votes for and against each of the resolutions and the number ofvotes withheld were as follows: Special Resolution For Against Vote Withheld That the Company be and is hereby generally and 36,651,242 0 0unconditionally authorised in accordance withthe Companies (Guernsey) Law, 2008, as amended(the "Companies Law"), to make marketacquistions (as defined in the Companies Law)of each class of its shares (either forretention as treasury shares for resale ortransfer, or cancellation), PROVIDED THAT: a. the maximum number of shares authorised to be purchased shall be 794,928 sharesdesignated as Euro shares, 2,876,787 shares designated as US Dollar shares and 5,771,068shares designated as Sterling shares (being 14.99 per cent. of the shares of each class in issueas at the latest practicable date prior to the date of publication of this document, excludingshares held in treasury); b. the minimum price (exclusive of expenses) which may be paid for a share shall be 1 cent forshares designated as Euro shares, 1 cent for shares designated as US Dollar shares and 1pence for shares designated as Sterling shares; c. the maximum price which may be paid for a share of the relevant class is an amount equal tothe higher of: (a) 105 per cent. of the average of the middle market quotations for a share of therelevant class on the relevant market for the five business days immediately preceding the dateon which the share is purchased; and (b) the higher of (i) the price of the last independent tradefor a share of the relevant class and (ii) the highest current independent bid for a share of therelevant class at the time of purchase; and d. the authority hereby conferred shall expire at the annual general meeting of the Company in 2015 unless such authority is varied, revoked or renewed prior to such date by a special resolution of the Company in general meeting. Note: * In total, 7.68% of the Euro shares in issue, 73.45% of the Sterling shares in issue and 26.33% of the US Dollar shares in issue were voted on the resolutions. * "Votes withheld" are not votes in law and are not counted in the calculation of the proportion of votes for or against a resolution. Enquiries: Company website: www.bhmacro.com Northern Trust International Fund Administration Services (Guernsey) LimitedAndrew MaidenTel: +44 (0) 1481 745368