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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)

This Announcement replaces RNS Number: 9066U dated 4 January 2013 released at 18:24

Director Declaration

4 January 2013

In compliance with Listing Rule 9.6.14, BH Macro announces that Mr Christopher Legge, a Director, has informed the Company of the following:

That with effect from 31 December 2012 Mr Legge ceased to be a Director of Goldman Sachs Dynamic Opportunities Limited, which was placed into voluntary liquidation.

Company website:        www.bhmacro.com

Enquiries:

Northern Trust International Fund Administration Services (Guernsey) Limited

Email:  rt80@ntrs.com

Tel:       +44 (0) 1481 745381


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