Holding(s) in Company

BH Macro Limited
17 May 2007



TR-1: notification of major interests in shares

+--------------------------------------------+--------------------------------+
|1. Identity of the issuer or the underlying |         BH Macro Ltd.          |
|issuer of existing shares to which voting   |                                |
|rights are attached:                        |       ISIN: GG00B1NPGZ52       |
+--------------------------------------------+----------------------+---------+
|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 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):___________________________________________ |         |
+--------------------------------------------+----------------------+---------+
|3. Full name of person(s) subject to the    |Landesbank Baden-Wuerttemberg   |
|notification obligation:                    |                                |
+--------------------------------------------+--------------------------------+
|4. Full name of shareholder(s) (if different|                                |
|from 3.):                                   |                                |
+--------------------------------------------+--------------------------------+
|5. Date of the transaction (and date on     |           13/03/2007           |
|which the threshold is crossed or reached if|                                |
|different):                                 |                                |
+--------------------------------------------+--------------------------------+
|6. Date on which issuer notified:           |           16/05/2007           |
+--------------------------------------------+--------------------------------+
|7. Threshold(s) that is/are crossed or      |              5 %               |
|reached:                                    |                                |
+--------------------------------------------+------------------------------+-+
|8. Notified details:                        |                              | |
+--------------------------------------------+----------------------+-------+-+
+--------------------------------------------+----------------------+-------+-+

+---------------------------------------------------------------------------------+
|A: Voting rights attached to shares                                              |
+------------+---------------+----------------------------------------------------+
|Class/type  |Situation      |Resulting situation after the triggering transaction|
|of shares   |previous to the|                                                    |
|            |Triggering     |                                                    |
|if possible |transaction    |                                                    |
|using the   +-------+-------+---------+---------------------+--------------------+
|ISIN CODE   |Number |Number |Number of|Number of voting     |% of voting rights  |
|            |of     |of     |shares   |rights ix            |                    |
|            |Shares |Voting +---------+----------+----------+---------+----------+
|            |       |Rights |Direct   |Direct x  |Indirect  |Direct   |Indirect  |
|            |       |viii   |         |          |xi        |         |          |
+------------+-------+-------+---------+----------+----------+---------+----------+
|ISIN:       |0      |0      |5.000.000|5.000.000 |          |6,49     |          |
|GG00B1NPGZ52|       |       |         |          |          |         |          |
+------------+-------+-------+---------+----------+----------+---------+----------+

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

+-----------------------------------------------------------------------------+
|Total (A+B)                                                                  |
+-------------------------------------+---------------------------------------+
|Number of voting rights              |% of voting rights                     |
+-------------------------------------+---------------------------------------+
|5.000.000                            |6,49                                   |
+-------------------------------------+---------------------------------------+

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

+-----------------------------------------------------------------------------+
|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:               |Mr Martin Boehler                           |
+--------------------------------+--------------------------------------------+
|15. Contact telephone number:   |[phone]                           |
+--------------------------------+--------------------------------------------+




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