Holding(s) in Company

For filings with the FCA include the annex                                              
                                                                                        
For filings with issuer exclude the annex                                               
                                                                                        
                                                                                        
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi                                         
                                                                                        
                                                                                        
1. Identity of the issuer or the underlying issuer                                      
of existing shares to which voting rights are                           BH Macro Limited
attached:ii                                                                             
                                                                                        
2. Reason for the notification (please tick the appropriate box or boxes):               
                                                                                        
An acquisition or disposal of voting rights                                            X      
                                                                                        
An acquisition or disposal of qualifying financial instruments which may result         
in theacquisition of shares already issued to which voting rights are attached          
                                                                                        
An acquisition or disposal of instruments with similar economic effect to               
qualifying financial instruments                                                        
                                                                                        
An event changing the breakdown of voting rights                                        
                                                                                        
Other (please specify):                                                                 
                                                                                        
3. Full name of person(s) subject to the                           BlackRock, Inc.      
notification obligation:iii                                                             
                                                                                        
4. Full name of shareholder(s)                                                          
 (if differentfrom 3.):iv                                                               
                                                                                        
5. Date of the transaction and date on                                                  
which the threshold is crossed or                                17th September 2014    
reached:v                                                                               
                                                                                        
6. Date on which issuer notified:                                19th September 2014    
                                                                                        
7. Threshold(s) that is/are crossed or                        Holding has gone above 13%
reached:vi, vii                                                                         
                                                                                        

8. Notified details:                                                                    
                                                                                        
A: Voting rights attached to sharesviii, ix                                             
                                                                                        
Class/type   Situation previous          Resulting situation after the triggering       
of           to the triggering           transaction                                    
shares       transaction                                                                
                                                                                        
                                                                                        
if possible  Number          Number      Number    Number of voting     % of  voting    
using        of              of          of shares rights               rightsx         
the ISIN     Shares          Voting                                                     
CODE                         Rights                                                     
                                         Direct    Directxi Indirectxii Direct Indirect 
                                                                                        
                                                                                        
GG00B1NPGZ52 387,038         387,038     N/A       N/A      371,187     N/A    0.47%    
(EUR shares)                                                                            
                                                                                        
GG00B1NP5142 6,945,425       10,216,720  N/A       N/A      9,774,876   N/A    12.47%   
(GBP shares)                                                                            
                                                                                        
GG00B1NPGV15 150,865         114,748     N/A       N/A      49,774      N/A    0.06%    
(USD shares)                                                                            
                                                                                        
                                                                                       
                                                                                        
B: Qualifying Financial Instruments                                                     
                                                                                        
Resulting situation after the triggering transaction                                    
                                                                                        
Type of          Expiration   Exercise/               Number of voting       % of voting
financial        date xiii    Conversion Period xiv   rights that may be     rights     
instrument                                            acquired if the                   
                                                      instrument is                     
                                                      exercised/ converted.             
                                                                                        
                                                                                        
                                                                                        
                                                                                        
C: Financial Instruments with similar economic effect to Qualifying Financial           
Instruments xv, xvi                                                                     
                                                                                        
Resulting situation after the triggering transaction                                    
                                                                                        
Type of       Exercise price Expiration Exercise/  Number of voting       % of voting   
financial                    date xvii  Conversion rights instrument      rights xix, xx
instrument                              period     refers to                            
                                        xviii                                           
                                                                          Nominal Delta   
                                                                                        
                                                                                        
                                                                                        
                                                                                        
Total (A+B+C)                                                                           
                                                                                        
Number of voting rights                        Percentage of voting rights              
                                                                                        
10,195,837                                     13.00%                                   
                                                                                        



9. Chain of controlled undertakings through which the voting rights and/or the          
financial instruments are effectively held, if applicable:xxi                           
                                                                                        
BlackRock Investment Management (UK) Limited - 10,195,837 (13.00%)                      
                                                                                        
                                                                                        
                                                                                        
Proxy Voting:                                                                           
                                                                                        
10. Name of the proxy holder:                                                           
                                                                                        
11. Number of voting rights proxy holder will cease                                     
to hold:                                                                                
                                                                                        
12. Date on which proxy holder will cease to hold                                       
voting rights:                                                                          
                                                                                        
                                           
13. Additional information:                BlackRock Regulatory Threshold Reporting Team 

14. Contact name:                          Tim Dudley                                   
                                                                                        
15. Contact telephone number:              020 7743 1540