Offer Size Statement

BH Macro Limited
09 March 2007


THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR PUBLICATION,
DISTRIBUTION OR RELEASE IN, OR INTO, DIRECTLY OR INDIRECTLY, THE UNITED STATES,
CANADA, AUSTRALIA OR JAPAN OR TO US PERSONS. THE INFORMATION CONTAINED HEREIN
DOES NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE INCLUDING IN THE UNITED
STATES, AUSTRALIA, CANADA OR JAPAN.

Publication of Offer Size Statement

The following Offer Size Statement is available for viewing:

The Offer Size Statement relating to BH Macro Limited's Offer of Euro Shares, US
Dollar Shares and Sterling Shares (at €10 per Euro Share, US$10 per US Dollar
Share and £10 per Sterling Share) and admission to a secondary listing on the
Official List and to trading on the London Stock Exchange's main market. The
Offer Size Statement outlines the following Offer statistics:

Offer Price                                     €10 per Euro Share
                                                US$10 per US Dollar Share
                                                £10 per Sterling Share
Number of Shares issued in the Offer:           Euro Shares:     27,219,130
                                                Dollar Shares:   45,056,818
                                                Sterling Shares: 10,545,400

Number of votes each Share shall be entitled to
on a poll at any general meeting of the Company
based on the following exchange rates*:

EUR/USD: 1.3148
EUR/GBP: 0.6798
GBP/USD: 1.9341

and using Euro Shares as a base of 1:
* Source: Reuters at noon (12:00) on Thursday 8 March 2007

                                                Euro Shares:    1
                                                Dollar Share:   0.7606
                                                Sterling Share: 1.4710
                                                
Number of Over-allotment Shares subject to the
Over-allotment Option:
                                                Euro Shares:     2,721,913
                                                Dollar Shares:   4,505,681
                                                Sterling Shares: 1,054,540
                                              
Market Capitalisation of the Company:           € 770,005,856


A copy of the Offer Size Statement is available free of charge from the
registered office of the Company and the offices of the Administrator (listed
below). A copy has also been submitted to the FSA, and will shortly be available
for inspection at the FSA's Document Viewing Facility, which is situated at:

Financial Services Authority
25 The North Colonnade
Canary Wharf
London
E14 5HS
Tel No: 020 7066 1000

The registered office of the Company is Trafalgar Court, Les Banques, St. Peter
Port, Guernsey GY1 3QL, Channel Islands and its telephone number is [phone]
5001.

The registered office of the Administrator, Northern Trust International Fund
Administration Services (Guernsey) Limited is Trafalgar Court, Les Banques, St.
Peter Port, Guernsey GY1 3QL, Channel Islands and its telephone number is +44 14
8174 5001.

For further information, please contact

Heather Mauger
Trafalgar Court
Les Banques, St Peter Port
Guernsey GY1 3QL
[phone]

Dated: 9 March 2007


IMPORTANT INFORMATION

The information contained herein is not for publication, distribution or release
in or into, directly or indirectly, the United States of America. These
materials do not contain or constitute an offer of securities for sale in the
United States. The securities referred to herein have not been and will not be
registered under the US Securities Act of 1933, as amended, and may not be
offered or sold in the United States absent registration under that Act or an
available exemption from it. The Company does not intend to register the
securities or conduct a public offering in the United States. The Company will
not be registered under the US Investment Company Act of 1940, as amended, and
investors will not be entitled to the benefits of that Act.

The information contained in the Supplementary Prospectus and Prospectus may be
addressed to and/or targeted at persons who are residents of particular
countries (specified in the Supplementary Prospectus and the Prospectus) only
and is not intended for use and should not be relied upon by any person outside
these countries and/or to whom the offer contained in the Supplementary
Prospectus and the Prospectus is not addressed. Prior to relying on the
information contained in the Supplementary Prospectus and the Prospectus you
must ascertain from the Supplementary Prospectus and the Prospectus whether or
not you are part of the intended addressees of the information contained
therein.




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