Holding(s) in Company

BH Macro Limited
13 September 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): Increase in issued share capital               |      x    |
+------------------------------------------------+----------------------+----------+
|3. Full name of person(s) subject to the        | Merrill Lynch (UK) Pension Plan |
|notification obligation:                        |                                 |
|                                                |                                 |
+------------------------------------------------+---------------------------------+
|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:               |       12th September 2007       |
+------------------------------------------------+---------------------------------+
|7. Threshold(s) that is/are crossed or reached: |          Gone below 3%          |
+------------------------------------------------+-------------------------------+-+
|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 of|Number of voting    |% of voting     |
|ISIN CODE    |Shares    |Voting    |shares   |rights              |rights          |
|             |          |Rights    +---------+---------+----------+-------+--------+
|             |          |          |Direct   |Direct   |Indirect  |Direct |Indirect|
+-------------+----------+----------+---------+---------+----------+-------+--------+
|GG00B1NP5142 |360,000   |360,000   |360,000  |360,000  |N/A       |2.85%  |N/A     |
|             |(was      |(was      |         |         |          |       |        |
|             |3.13%)    |3.13%)    |         |         |          |       |        |
+-------------+----------+----------+---------+---------+----------+-------+--------+



+------------------------------------------------------------------------------+
|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                     |
+-------------------------------------+---------------------------------------+
|360,000                              |2.85%                                  |
+-------------------------------------+---------------------------------------+




+-----------------------------------------------------------------------------+
|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:   |                                            |
+--------------------------------+--------------------------------------------+






                      This information is provided by RNS
            The company news service from the London Stock Exchange