BH Macro Limited – Results of EGM

Hamilton, Bermuda – 05 December, 2014 – In a filing with the Bermuda Stock Exchange, BH Macro Limited (the “Company”) announced the results of the Extraordinary General Meeting held on 03 December, 2014. The filing read:

“The Company is pleased to announce that at the Extraordinary General Meeting held on 3 December 2014, the special resolution as set out in the Notice of Meeting dated

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 of votes withheld were as follows:

For                               Against            Vote Withheld

36,651,242                  0                      0

Special Resolution  

That the Company be and is hereby generally and unconditionally authorised in accordance with the Companies (Guernsey) Law, 2008, as amended (the “Companies Law”), to make market acquistions (as defined in the Companies Law) of each class of its shares (either for retention as treasury shares for resale or transfer, or cancellation), PROVIDED THAT:

A.    the maximum number of shares authorised to be purchased shall be 794,928 shares designated as Euro shares, 2,876,787 shares designated as US Dollar shares and 5,771,068 shares designated as Sterling shares (being 14.99 per cent. of the shares of each class in issue as at the latest practicable date prior to the date of publication of this document, excluding shares held in treasury);

B.    the minimum price (exclusive of expenses) which may be paid for a share shall be 1 cent for shares 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 to the higher of: (a) 105 per cent. of the average of the middle market quotations for a share of the relevant class on the relevant market for the five business days immediately preceding the date on which the share is purchased; and (b) the higher of (i) the price of the last independent trade for a share of the relevant class and (ii) the highest current independent bid for a share of the relevant 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.

-ends-

Enquiries:

Company website:        www.bhmacro.com

Northern Trust Int'l Fund Administration Services (Guernsey) Limited

Andrew Maiden