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)   

                             August 2016 Share Conversion                          
                                    31 August 2016                                 

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

                    8,500 Sterling 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 August 2016 are released. Converting
    shareholders will be notified upon conversion taking place, which will be no
    later than 25 business days after 31August 2016.

    Company website:         www.bhmacro.com

     
    Enquiries:
    Northern Trust International Fund Administration Services (Guernsey) Limited
    Sharon A Williams
    Tel:       +44 (0) 1481 745436