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)   

                        Notice of Extraordinary General Meeting                    
                                    26 January 2016                                

    A circular including a notice of an extraordinary general meeting of the
    Company to be held at 10.00 a.m. on 18 February 2016 regarding renewal of the
    Company's own share purchase authority has been posted to shareholders.

    A copy of the Circular will shortly be available on the Company's website at
    www.bhmacro.com. The Circular has also been submitted to the National Storage
    Mechanism and will shortly be available for inspection at www.morningstar.co.uk
    /uk/nsm.

    Enquiries:

    Company website:        www.bhmacro.com

    Northern Trust International Fund Administration Services (Guernsey) Limited
    Tel:    +44 (0) 1481 745001