Net Asset Value(s)

BH Macro Limited
09 October 2007


                        BH MACRO LIMITED (the 'Company')

 (a closed-ended investment company incorporated in Guernsey with registration
                                 number 46235)


Weekly Announcement of Estimated Net Asset Values


As at the close of business on 05th October the estimated Net Asset Values of
each class of the Company's shares are as follows:


        FUND NAME            NAV              SEDOL            NAV DATE
     BH Macro Limited      $11.48            B1NPGV1       05th October 2007
     BH Macro Limited      1148p             B1NP514       05th October 2007
     BH Macro Limited      €11.37            B1NPGZ5       05th October 2007


The Net Asset Value figures in this announcement are an estimate, and are based
on unaudited estimated valuations. The final month-end Net Asset Value may be
materially different from these estimated weekly values, and should only be
taken as indicative values which have been provided for information only and no
reliance should be placed on them. Estimated results, performance or
achievements may differ materially from any actual results, performance or
achievements. Except as required by applicable law, the Company expressly
disclaims any obligations to update or revise such estimates to reflect any
change in expectations, new information, subsequent events or otherwise.

This document is for information purposes only and is not an offer to invest.
All investments are subject to risk. Past performance is no guarantee of future
returns. Prospective investors are advised to seek expert legal, financial, tax
and other professional advice before making any investment decisions.


Enquiries:

Northern Trust International Fund Administration Services (Guernsey) Limited

Harry Rouillard 44 (0)1481 745315

Date: 09th October 2007




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