BH Macro Limited - Shareholder Update PR Newswire (a closed-ended investment company incorporated in Guernsey with registration number 46235) LEI: 549300ZOFF0Z2CM87C29 Shareholder update Further to the announcement on 12 April 2021 and today's announcement by BH Global Limited ("BHGG"), the Company confirms that it is in discussions with BHGG regarding a possible combination of the two companies. The combined entity would retain the Company's investment policy as a feeder fund into Brevan Howard Master Fund Limited and it is intended that the combination should be NAV accretive to continuing shareholders in the combined entity. There can be no certainty at this stage whether or on what basis the combination will proceed. A further announcement will be made in due course.