Stabilisation Notice

BH Macro Limited
09 March 2007


                                                                   09 March 2007

The London Stock Exchange
10 Paternoster Square
London, EC4M 7LS


Dear Sirs

BH Macro Limited - Offering of 45,056,818 Shares

Stabilisation Notice

Pursuant to Core Dealing Rule 3060-3061, JPMorgan Cazenove Limited hereby
notifies the London Stock Exchange that it and its affiliates may stabilise the
offering of the Ordinary Shares of BH Macro Limited:


1. Security to be stabilised: Ordinary Shares of no par value (USD) of BH Macro
   Limited;

2. Security Identifier: GG00B1NPGV15;

3. Stabilising Manager: JPMorgan Cazenove limited (a member firm) (Contact -
   Greg Chamberlain - 020 7588 2828);

4. Stabilisation period commences: 09 March 2007 at approximately 08:00am
   London time;

5. Stabilisation period ends: Close of business on 05 April 2007;

6. Offer price: USD 10.00 per share; and

7. Over-allotment option is equivalent to 10% of the offering.

Yours faithfully


JPMorgan Cazenove Limited


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