Holding(s) in Company

BH Macro Limited
07 November 2007


TR-1: notification of major interests in shares

+--------------------------------------------+--------------------------------+
|1. Identity of the issuer or the underlying |        BH Macro Limited        |
|issuer of existing shares to which voting   |                                |
|rights are attached:                        |                                |
+--------------------------------------------+----------------------+---------+
|2. Reason for the notification (please tick the appropriate box or |         |
|boxes)                                                             |         |
+-------------------------------------------------------------------+---------+
|An acquisition or disposal of voting rights                        |         |
+-------------------------------------------------------------------+---------+
|An acquisition or disposal of financial instruments which may      |         |
|result in the acquisition of shares already issued to which voting |         |
|rights are attached                                                |         |
+-------------------------------------------------------------------+---------+
|An event changing the breakdown of voting rights                   |         |
+-------------------------------------------------------------------+---------+
|Other (please specify): Conversion of securities                   |     x   |
+--------------------------------------------+----------------------+---------+
|3. Full name of person(s) subject to the    |        BlackRock, Inc.         |
|notification obligation:                    |                                |
+--------------------------------------------+--------------------------------+
|4. Full name of shareholder(s) (if different|                                |
|from 3.):                                   |                                |
+--------------------------------------------+--------------------------------+
|5. Date of the transaction (and date on     |       5th November 2007        |
|which the threshold is crossed or reached if|                                |
|different):                                 |                                |
+--------------------------------------------+--------------------------------+
|6. Date on which issuer notified:           |       7th November 2007        |
+--------------------------------------------+--------------------------------+
|7. Threshold(s) that is/are crossed or      |         Gone above 37%         |
|reached:                                    |                                |
+--------------------------------------------+------------------------------+-+
|8. Notified details:                        |                              | |
+--------------------------------------------+----------------------+-------+-+
+--------------------------------------------+----------------------+-------+-+

+----------------------------------------------------------------------------------+
|A: Voting rights attached to shares                                               |
+-------------+---------------------+----------------------------------------------+
|Class/type of|Situation previous to|Resulting situation after the triggering      |
|shares       |the Triggering       |transaction                                   |
|             |transaction          |                                              |
|if possible  +----------+----------+-------+---------------------+----------------+
|using the    |Number of |Number of |Number |Number of voting     |% of voting     |
|ISIN CODE    |Shares    |Voting    |of     |rights               |rights          |
|             |          |Rights    |shares |                     |                |
|             |          |          +-------+----------+----------+-------+--------+
|             |          |          |Direct |Direct    |Indirect  |Direct |Indirect|
+-------------+----------+----------+-------+----------+----------+-------+--------+
|GG00B1NP5142 |5,157,760 |5,157,760 |N/A    |N/A       |5,268,131 |N/A    |37.74%  |
+-------------+----------+----------+-------+----------+----------+-------+--------+

+------------------------------------------------------------------------------+
|B: Financial Instruments                                                      |
+------------------------------------------------------------------------------+
|Resulting situation after the triggering transaction                          |
+---------------+-----------+------------------+-------------------+-----------+
|Type of        |Expiration |Exercise/         |Number of voting   |% of voting|
|financial      |date       |Conversion Period/|rights that may be |rights     |
|instrument     |           |Date              |acquired if the    |           |
|               |           |                  |instrument is      |           |
|               |           |                  |exercised/         |           |
|               |           |                  |converted.         |           |
+---------------+-----------+------------------+-------------------+-----------+
|               |           |                  |                   |           |
+---------------+-----------+------------------+-------------------+-----------+

+-----------------------------------------------------------------------------+
|Total (A+B)                                                                  |
+-------------------------------------+---------------------------------------+
|Number of voting rights              |% of voting rights                     |
+-------------------------------------+---------------------------------------+
|5,268,131                            |37.74%                                 |
+-------------------------------------+---------------------------------------+




+-----------------------------------------------------------------------------+
|9. Chain of controlled undertakings through which the voting rights and/or   |
|the financial instruments are effectively held, if applicable:               |
+-----------------------------------------------------------------------------+
|BlackRock Investment Management (UK) Limited - 5,268,131 (37.74%)            |
|                                                                             |
+-----------------------------------------------------------------------------+

+-----------------------------------------------------------------------------+
|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:     |                                            |
+--------------------------------+--------------------------------------------+
|14. Contact name:               |                                            |
+--------------------------------+--------------------------------------------+
|15. Contact telephone number:   |                                            |
+--------------------------------+--------------------------------------------+





ANNEX NOTIFICATION OF MAJOR INTERESTS IN SHARES
+-------------------------------------------------------------------------------+
|A: Identity of the person or legal entity subject to the notification          |
|obligation                                                                     |
+------------------------------------------+------------------------------------+
|Full name (including legal form for legal |BlackRock, Inc                      |
|entities)                                 |                                    |
+------------------------------------------+------------------------------------+
|Contact address (registered office for    |33 King William Street, London, EC4R|
|legal entities)                           |9AS                                 |
+------------------------------------------+------------------------------------+
|Phone number                              |020 7743 2098                       |
+------------------------------------------+------------------------------------+
|Other useful information (at least legal  |Thomas Hone                         |
|representative for legal persons)         |                                    |
+------------------------------------------+------------------------------------+

+-------------------------------------------------------------------------------+
|B: Identity of the notifier, if applicable                                     |
+------------------------------------------+------------------------------------+
|Full name                                 |                                    |
+------------------------------------------+------------------------------------+
|Contact address                           |                                    |
+------------------------------------------+------------------------------------+
|Phone number                              |                                    |
+------------------------------------------+------------------------------------+
|Other useful information (e.g. functional |                                    |
|relationship with the person or legal     |                                    |
|entity subject to the notification        |                                    |
|obligation)                               |                                    |
+------------------------------------------+------------------------------------+

+------------------------------------------------------------------------------+
|C: Additional information                                                     |
+------------------------------------------------------------------------------+
|                                                                              |
+------------------------------------------------------------------------------+




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