**Summary**
BH Macro Limited announced on January 19, 2026, an increase in its Annual Buyback Allowance for both Sterling Shares and US Dollar Shares from 5% to 14.99% of the shares in issue as of December 31, 2025 (excluding treasury shares). This adjustment, agreed upon with the companys manager, Brevan Howard Capital Management Limited, allows BH Macro to repurchase additional shares without incurring a 2% additional fee typically required under the Management Agreement for exceeding the allowance. As of January 16, 2026, the company had already purchased 1,980,750 Sterling Shares and 57,383 US Dollar Shares. The increased allowance permits further repurchases of up to 45,319,383 Sterling Shares (14.45% of outstanding shares) and 3,510,366 US Dollar Shares (14.78% of outstanding shares) for the remainder of 2026, subject to board discretion. Shareholders are advised that there is no guarantee the board will authorize additional buybacks. The announcement complies with EU Market Abuse Regulation as part of UK domestic law.