Monthly Shareholder Report

BH Macro Limited
25 May 2007


BH Macro Limited

25 May 2007

BH Macro Limited ('BHML'), which is a feeder fund investing in the Brevan Howard
Master Fund Limited ('BHMF'), has been supplied by Brevan Howard Asset
Management LLP ('BHAM') with the information regarding BHMF's April 2007
performance and outlook. This information has been included in the following
BHML shareholder report.

Paste the following link into your web browser to download the PDF document 
related to this announcement: 

http://www.rns-pdf.londonstockexchange.com/rns/2401x_-2007-5-25.pdf


Enquiries:


Northern Trust International Fund Administration Services (Guernsey) Limited

Christopher Copperwaite [phone]


Date:25 May 2007




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