BH Macro Limited

Net Asset Value • Dec 12, 2025

National Storage Mechanism | Additional information

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)

LEI: 549300ZOFF0Z2CM87C29

Timetable for Share Conversions and update on Class Closure Resolutions

12 December 2025

The Company announces that, for operational reasons, the deadline for receipt of share conversion requests for the December 2025 share conversion date has been brought forward to midday (GMT) on 30 December 2025.

Class Closure Resolutions ("CCRs") may be triggered in respect of either or both the Company's Sterling and US dollar share classes following the announcement of the final month-end net asset values for 31 December 2025. If either or both of the CCRs are triggered, the Company will suspend the ability for shareholders to convert shares from one class to another class for the duration of the CCR process, starting with and including the January 2026 conversion date.

Shareholders are reminded that, in accordance with the Company's articles of incorporation, CCRs would be triggered for the year ended 31 December 2025 in respect of either class of the Company's shares if the average daily closing market price of the relevant class of shares during 2025 was 8 per cent. or more below the average net asset value per share of such class taken over the 12 month-end NAV calculation dates occurring in 2025.

Should CCRs be triggered in respect of either or both classes of the Company's shares, a further announcement will be made in due course.

Company website: www.bhmacro.com

Enquiries:

The Company Secretary

Northern Trust International Fund Administration Services (Guernsey) Limited

Tel: +44 (0) 1481 745001

Manager

Brevan Howard Capital Management LP

Email: [email protected]

Corporate Broker

J.P. Morgan Cazenove

William Simmonds / Rupert Budge

Tel: +44 (0)20 3493 8000

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