Holding(s) in Company

BH Macro Limited
12 September 2007



TR-1(i): notification of major interests in shares
-------------------------------                  --------------------
1. Identity of the issuer or the underlying      BH MACRO ORD NPV GBP
issuer of existing shares to which voting rights
are attached(1):
                                                 (SEDOL B1NP514)
                 ------------------------------- --------------------
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) Transparency Directive Disclosure                 
--------------------------------------------                             -------
3. Full name of person(s) subject to the         Cazenove Capital Management
notification obligation(1):                      Limited
-------------------------------                  --------------------
4. Full name of shareholder(s) (if different     N/A
from 3.)(1):                                     --------------------
-------------------------------
5. Date of the transaction (and date on which    10/09/07
the threshold is crossed or reached if           --------------------
different)(1):
-------------------------------
6. Date on which issuer notified:                11/09/07
-------------------------------                  --------------------
7. Threshold(s) that is/are crossed or
reached:                                         5%
-------------------------------                  --------------------
8. Notified details:                             N/A
-------------------------------                  --------------------







A: Voting rights attached to shares
Class/type   Situation previous to Resulting situation after the triggering
of shares    the Triggering        transaction(1)
             transaction (1)
if possible
using the    Number of  Number of  Number of  Number of voting    % of voting
ISIN CODE    Shares     Voting     shares     rights ix           rights
                        Rights     Direct     Direct x   Indirect Direct  Indirect
                        viii                             xi
GG00B1NP5142  610,075    610,075    609,075    609,075        0    4.84%       0

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

Total (A+B)
Number of voting rights                      % of voting rights
                                609,075                                4.84%








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

Proxy Voting:

10. Name of the proxy holder:                                              N/A

11. Number of voting rights proxy holder will cease to hold:               N/A

12. Date on which proxy holder will cease to hold voting rights:           N/A

13. Additional information:                                            N/A

14. Contact name:                                                      N/A

15. Contact telephone number:                                          N/A




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