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          BH Macro Limited          
issuer of existing shares to which voting rights                                      
are attached:ii                                                                    
                                                                               
2 Reason for the notification (please tick the appropriate box or boxes):      
                                                                               
An acquisition or disposal of voting rights                                    
                                                                               
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           X                    
                                                                               
Other (please specify):                                                                      
                                                                               
3. Full name of person(s) subject to              BlackRock, Inc.              
the notification obligation:iii                                                    
                                                                               
4. Full name of shareholder(s)                                                 
(if differentfrom 3.):iv                                                       
                                                                               
5. Date of the transaction and date             29th September 2014            
on which the threshold is crossed or                                              
reached:v                                                                      
                                                                               
6. Date on which issuer notified:               30th September 2014            
                                                                               
7. Threshold(s) that is/are crossed          Holding has gone above 13%        
or reached:vi, vii                                                                

8. Notified details:                                                                  
                                                                                      
A: Voting rights attached to sharesviii, ix                                           
                                                                                      
Class/type of Situation previous     Resulting situation after the triggering         
shares        to the triggering      transaction                                      
              transaction                                                             
                                                                                      
if possible   Number     Number      Number    Number of voting     % of voting rights
using         of         of          of shares rights               x                 
the ISIN CODE Shares     Voting                                                       
                         Rights      Direct    Directxi Indirectxii Direct    Indirect
                                                                                      

GG00B1NPGZ52  371,187    371,187     N/A       N/A      371,187     N/A       0.48%   
(EUR shares)                                                                          
                                                                                      
GG00B1NP5142  6,633,145  9,757,356   N/A       N/A      9,750,250   N/A       12.49%  
(GBP shares)                                                                          
                                                                                      
GG00B1NPGV15  65,441     49,774      N/A       N/A      49,774      N/A       0.06%   
(USD shares)                                                                          
                                                                                      

B: Qualifying Financial Instruments                                                   
                                                                                      
Resulting situation after the triggering transaction                                  
                                                                                      
Type of financial   Expiration Exercise/            Number of voting    % of voting   
instrument          date xiii  Conversion Period    rights that may be  rights        
                               xiv                  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  Expiration Exercise/  Number of voting       % of voting     
financial      price     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                 
                                                                                      
10,171,211                                13.03%                                      


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 - 10,171,211 (13.03%)             
                                                                               
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:                                                                 
                                                                               
                                       BlackRock Regulatory Threshold Reporting
13. Additional information:            Team                                    
                                                                               
14. Contact name:                      Tim Dudley                              
                                                                               
15. Contact telephone number:          020 7743 1540