Holding(s) in Company

BH Macro Limited
07 February 2008


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): Increase due to share conversion               |    x     |
+------------------------------------------------+----------------------+----------+
|3. Full name of person(s) subject to the        | BlackRock Institutional Jersey  |
|notification obligation:                        |     Fund Target Return Fund     |
|                                                |                                 |
|                                                |                                 |
+------------------------------------------------+---------------------------------+
|4. Full name of shareholder(s) (if different    |                                 |
|from 3.):                                       |                                 |
+------------------------------------------------+---------------------------------+
|5. Date of the transaction (and date on which   |               N/A               |
|the threshold is crossed or reached if          |                                 |
|different):                                     |                                 |
+------------------------------------------------+---------------------------------+
|6. Date on which issuer notified:               |        7th February 2008        |
+------------------------------------------------+---------------------------------+
|7. Threshold(s) that is/are crossed or reached: |         Gone above 11%          |
+------------------------------------------------+-------------------------------+-+
|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 rights  |
|ISIN CODE    |Shares     |Voting     |of     |rights             |                    |
|             |           |Rights     |shares |                   |                    |
|             |           |           +-------+----------+--------+--------+-----------+
|             |           |           |Direct |Direct    |Indirect|Direct  |Indirect   |
+-------------+-----------+-----------+-------+----------+--------+--------+-----------+
|GG00B1NP5142 |1,398,715  |1,398,715  |N/A    |1,763,229 |N/A     |11.86%  |N/A        |
+-------------+-----------+-----------+-------+----------+--------+--------+-----------+



+------------------------------------------------------------------------------+
|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                     |
+-------------------------------------+---------------------------------------+
|1,763,229                            |11.86%                                 |
+-------------------------------------+---------------------------------------+




+-----------------------------------------------------------------------------+
|9. Chain of controlled undertakings through which the voting rights and/or   |
|the financial instruments are effectively held, if applicable:               |
+-----------------------------------------------------------------------------+
|                                                                             |
+-----------------------------------------------------------------------------+

+-----------------------------------------------------------------------------+
|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 Institutional Jersey Fund |
|entities)                                 |Target Return Fund                  |
+------------------------------------------+------------------------------------+
|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                                 |BlackRock, Inc                      |
+------------------------------------------+------------------------------------+
|Contact address                           |33 King William Street, London, EC4R|
|                                          |9AS                                 |
+------------------------------------------+------------------------------------+
|Phone number                              |020 7743 2098                       |
+------------------------------------------+------------------------------------+
|Other useful information (e.g. functional |Thomas Hone                         |
|relationship with the person or legal     |                                    |
|entity subject to the notification        |                                    |
|obligation)                               |                                    |
+------------------------------------------+------------------------------------+

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




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