Net Asset Value(s)

BH Macro Limited
01 May 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 27th April 2007 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      $10.09               B1NPGV1       27th April 2007
     BH Macro Limited      1009p                B1NP514       27th April 2007
     BH Macro Limited      €10.07               B1NPGZ5       27th April 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 these weekly
figures 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. Results
achieved in the past are no guarantee of future results.


Enquiries:

Northern Trust International Fund Administration Services (Guernsey) Limited

Harry Rouillard 44 (0)1481 745315

Date: 01st May 2007




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