Holding(s) in Company

BH Macro Limited
12 September 2007


Form TR-1 with annex. FSA Version 2.1 updated April 2007


+-----------------------------------------------------------------------------+
|TR-1: Notifications of Major Interests in Shares                             |
+-----------------------------------------------------------------------------+

+------------------------------------------------+-----------------------------+
|                                                |                             |
|                                                |                             |
|1. Identity of the issuer or the underlying     |                             |
|issuer of existing shares to which voting rights|                             |
|are attached:                                   |BH Macro Ltd                 |
+------------------------------------------------+-----------------------------+
|                                                                              |
|                                                                              |
|2. Reason for notification (yes/no)                                           |
+------------------------------------------------------------------+-----------+
|                                                                  |           |
|                                                                  |           |
|An acquisition or disposal of voting rights                       |No         |
+------------------------------------------------------------------+-----------+
|An acquisition or disposal of financial instruments which may     |           |
|result in the acquisition of shares already issued to which voting|           |
|rights are attached                                               |No         |
+------------------------------------------------------------------+-----------+
|                                                                  |           |
|                                                                  |           |
|An event changing the breakdown of voting rights                  |No         |
+------------------------------------------------------------------+-----------+
|                                                                  |           |
|                                                                  |           |
|Other (please specify):_increase in issued share capital          |Yes        |
+-----------------------------------------+------------------------+-----------+
|                                         |                                    |
|                                         |                                    |
|3. Full name of person(s) subject to     |F&C Asset Management plc            |
|notification obligation:                 |                                    |
+-----------------------------------------+------------------------------------+
|                                         |                                    |
|                                         |                                    |
|4. Full name of shareholder(s) (if       |See box 9 below                     |
|different from 3):                       |                                    |
+-----------------------------------------+------------------------------------+
|                                         |                                    |
|                                         |                                    |
|5. Date of transaction (and date on which|10/09/07                            |
|the threshold is crossed or reached if   |                                    |
|different):                              |                                    |
+-----------------------------------------+------------------------------------+
|                                         |                                    |
|                                         |                                    |
|6. Date on which issuer notified:        |11/09/07                            |
+-----------------------------------------+------------------------------------+
|                                         |                                    |
|                                         |                                    |
|7. Threshold(s) that is/are crossed or   |13%                                 |
|reached:                                 |                                    |
+-----------------------------------------+------+-----------------+-----------+
+-----------------------------------------+------+-----------------+-----------+
+------------------------------------------------------------------------------------+
|8: Notified Details                                                                 |
+------------------------------------------------------------------------------------+
|A: Voting rights attached to shares                                                 |
|                                                                                    |
|                                                                                    |
+------------+-------------------+---------------------------------------------------+
|Class/type  |Situation previous |Resulting situation after the triggering           |
|of shares   |to the triggering  |transaction                                        |
|            |transaction        |                                                   |
|If possible +---------+---------+---------+-------------------+---------------------+
|use ISIN    |Number of|Number of|Number of|Number of voting   |Percentage of voting |
|code        |shares   |voting   |shares   |rights             |rights               |
|            |         |rights   |         +---------+---------+----------+----------+
|            |         |         |         |         |         |          |          |
|            |         |         |         |         |         |          |          |
|            |         |         |         |Direct   |Indirect |Direct    |Indirect  |
+------------+---------+---------+---------+---------+---------+----------+----------+
|GG00B1NP5142|1,560,000|1,560,000|1,560,000|-        |1,560,000|-         |12.39%    |
|ord NPV     |         |         |         |         |         |          |          |
+------------+---------+---------+---------+---------+---------+----------+----------+

+--------------------------------------------------------------------------------+
|B: Financial Instruments                                                        |
|                                                                                |
|                                                                                |
+--------------------------------------------------------------------------------+
|Resulting situation after the triggering transaction                            |
|                                                                                |
|                                                                                |
+---------------+---------------+---------------+----------------+---------------+
|Type of        |Expiration date|Exercise/      |No. of voting   |Percentage of  |
|financial      |               |conversion     |rights that may |voting rights  |
|instrument     |               |period/date    |be acquired (if |               |
|               |               |               |the instrument  |               |
|               |               |               |exercised/      |               |
|               |               |               |converted)      |               |
+---------------+---------------+---------------+----------------+---------------+
|-              |               |               |                |               |
|               |               |               |                |               |
|               |               |               |                |               |
+---------------+---------------+---------------+----------------+---------------+



+-----------------------------------------------------------------------------+
|Total (A+B)                                                                  |
|                                                                             |
|                                                                             |
+--------------------------------------+--------------------------------------+
|Number of voting rights               |Percentage of voting rights           |
+--------------------------------------+--------------------------------------+
|1,560,000                             |12.39%                                |
|                                      |                                      |
|                                      |                                      |
+--------------------------------------+--------------------------------------+
+-----------------------------------------------------------------------------+
|9. Chain of controlled undertakings through which the voting rights and /or  |
|the financial instruments are effectively held, if applicable:               |
+-----------------------------------------------------------------------------+
|F&C Asset Management plc:-                                                   |
|Client                       No. of voting % of total  Registration name     |
|                             rights        voting                            |
|                                           rights                            |
|Foreign & Colonial           1,500,000     11.91       Chase Nominees        |
|Investment Trust plc                                   Limited               |
|Other client holds under 3%                                                  |
+-----------------------------------------------------------------------------+

+-----------------------------------------------------------------------------+
|Proxy Voting:                                                                |
|                                                                             |
|                                                                             |
+--------------------------------------+--------------------------------------+
|10. Name of proxy holder:             |F&C Asset Management plc              |
|                                      |                                      |
|                                      |                                      |
+--------------------------------------+--------------------------------------+
|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:                      |Mike Bassi, F&C Asset Management plc  |
|                                      |                                      |
|                                      |                                      |
+--------------------------------------+--------------------------------------+
|15. Contact telephone name:           |0131 718 1093                         |
|                                      |                                      |
|                                      |                                      |
+--------------------------------------+--------------------------------------+





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