BH Macro Limited – Directorate Change

Hamilton, Bermuda – 26 March, 2014 – BH Macro Limited (the “Company”) announces the retirement of Stephen Stonberg as a director of the Company effective from 31 March 2014. 

Stephen has been a director of the Company since its listing in 2007. The Board has greatly appreciated his lead role in establishing the Company and the experience and support he has contributed to its subsequent development.

In addition, the Company announces the proposed appointment of David Barton as a director of the Company.  It is anticipated that David will join the board as soon as all regulatory and Guernsey Registry notifications have been submitted.

David joined Brevan Howard in July 2007.  He is currently the Head of Legal at Brevan Howard Capital Management LP, the Company’s manager, and a director of a number of the group's global entities.  Prior to joining Brevan Howard, David worked as a transactional lawyer in the Corporate group of Freshfields Bruckhaus Deringer in London (2005 - 2007), advising on the structuring and launch of listed and unlisted hedge, private equity and other investment funds.  Prior to Freshfields, David worked as a solicitor in the Corporate and Finance groups of Freehills in Sydney (2002-2005) advising on a wide range of M&A, ECM/DCM and investment fund transactions.  David holds a Bachelor of Commerce (Economics and Finance) and Bachelor of Laws (Hons) from Macquarie University in Sydney and is admitted to practice as a solicitor in England and Wales and a solicitor and barrister in New South Wales, Australia. David is Series 3 (Commodities and Futures) qualified with the United States, National Association of Securities Dealers (NASD).

There is no information regarding David Barton that is required to be disclosed pursuant to Listing Rule 9.6.13.

Enquiries:

Company website:        www.bhmacro.com

Northern Trust Int'l Fund Administration Services (Guernsey) Ltd.

Andrew Maiden

Tel:       +44 (0) 1481 745368