Holding(s) in Company

BH Macro Limited
15 March 2007



TR-1(i): notification of major interests in shares

+---------------------------------------------+------------------------------+
|1. Identity of the issuer or the underlying  |                              |
|issuer of existing shares to which voting    |                              |
|rights are attached(ii):                     |                              |
|                                             |                              |
|                                             |       BH Macro Limited       |
+---------------------------------------------+----------------------+-------+
|2. Reason for the notification (please tick the appropriate box or  |       |
|boxes)                                                              |       |
+--------------------------------------------------------------------+-------+
|An acquisition or disposal of voting rights                         |   X   |
+--------------------------------------------------------------------+-------+
|An acquisition or disposal of financial instruments which may result|       |
|in the acquisition of shares already issued to which voting rights  |       |
|are attached                                                        |       |
+--------------------------------------------------------------------+-------+
|An event changing the breakdown of voting rights                    |       |
+--------------------------------------------------------------------+-------+
|Other (please specify):                                             |       |
+---------------------------------------------+----------------------+-------+
|3. Full name of person(s) subject to the     |F&C Asset Management plc      |
|notification obligation(iii):                |                              |
+---------------------------------------------+------------------------------+
|4. Full name of shareholder(s) (if different |Foreign & Colonial Investment |
|from 3.)(iv):                                |Trust plc                     |
|                                             |                              |
|                                             |                              |
+---------------------------------------------+------------------------------+
|5. Date of the transaction (and date on which|09/03/07                      |
|the threshold is crossed or reached if       |                              |
|different)(v):                               |                              |
+---------------------------------------------+------------------------------+
|6. Date on which issuer notified:            |15/03/2007                    |
+---------------------------------------------+------------------------------+
|7. Threshold(s) that is/are crossed or       |                              |
|reached:                                     |                              |
|                                             |5,10,11,12,13,14%             |
+---------------------------------------------+------------------------------+
|8. Notified details:                         |              -               |
+---------------------------------------------+----------------------+-------+
+---------------------------------------------+----------------------+-------+



+---------------------------------------------------------------------------------+
|                                                                                 |
|                                                                                 |
|                                                                                 |
|A: Voting rights attached to shares                                              |
+------------+-----------------+--------------------------------------------------+
|Class/type  |Situation        |Resulting situation after the triggering          |
|of shares   |previous to the  |transaction(vii)                                  |
|            |Triggering       |                                                  |
|if possible |transaction (vi) |                                                  |
|using the   +--------+--------+----------+-------------------+-------------------+
|ISIN CODE   |Number  |Number  |Number of |Number of voting   |% of voting rights |
|            |of      |of      |shares    |rights ix          |                   |
|            |Shares  |Voting  +----------+--------+----------+-------+-----------+
|            |        |Rights  |Direct    |Direct x|Indirect  |Direct |Indirect   |
|            |        |viii    |          |        |xi        |       |           |
+------------+--------+--------+----------+--------+----------+-------+-----------+
|GG00B1NP5142|0       |0       |1,500,000 |-       |1,500,000 |-      |14.22      |
|            |        |        |          |        |          |       |           |
|            |        |        |          |        |          |       |           |
+------------+--------+--------+----------+--------+----------+-------+-----------+

+------------------------------------------------------------------------------+
|B: Financial Instruments                                                      |
+------------------------------------------------------------------------------+
|Resulting situation after the triggering transaction xii                      |
+---------------+-----------+------------------+-------------------+-----------+
|Type of        |Expiration |Exercise/         |Number of voting   |% of voting|
|financial      |date xiii  |Conversion Period/|rights that may be |rights     |
|instrument     |           |Date xiv          |acquired if the    |           |
|               |           |                  |instrument is      |           |
|               |           |                  |exercised/         |           |
|               |           |                  |converted.         |           |
+---------------+-----------+------------------+-------------------+-----------+
|       -       |           |                  |                   |           |
+---------------+-----------+------------------+-------------------+-----------+

+-----------------------------------------------------------------------------+
|Total (A+B)                                                                  |
+-------------------------------------+---------------------------------------+
|Number of voting rights              |% of voting rights                     |
+-------------------------------------+---------------------------------------+
|1,500,000                            |14.22                                  |
+-------------------------------------+---------------------------------------+


+-----------------------------------------------------------------------------+
|9. Chain of controlled undertakings through which the voting rights and/or   |
|the financial instruments are effectively held, if applicable xv:            |
+-----------------------------------------------------------------------------+
|F&C Asset Management plc                                                     |
|Client                       No. of voting % of total  Registration name     |
|                             rights        voting                            |
|                                           rights                            |
|Foreign & Colonial           1,500,000     14.22       Chase Nominees        |
|Investment Trust plc                                   Limited               |
|                                                                             |
+-----------------------------------------------------------------------------+

+-----------------------------------------------------------------------------+
|Proxy Voting:                                                                |
+------------------------------------------------+----------------------------+
|10. Name of the proxy holder:                   |F&C Asset Management plc    |
+------------------------------------------------+----------------------------+
|11. Number of voting rights proxy holder will   |n/a                         |
|cease to hold:                                  |                            |
+------------------------------------------------+----------------------------+
|12. Date on which proxy holder will cease to    |n/a                         |
|hold voting rights:                             |                            |
+------------------------------------------------+----------------------------+

+-------------------------------------+---------------------------------------+
|13. Additional information:          |-                                      |
+-------------------------------------+---------------------------------------+
|14. Contact name:                    |Mike Bassi, F&C Asset Management plc   |
+-------------------------------------+---------------------------------------+
|15. Contact telephone number:        |0131 718 1093                          |
+-------------------------------------+---------------------------------------+


+----------------------------------------------------------------------------------------------+
|Annex Notification Of Major Interests In Shares xvi                                           |
+----------------------------------------------------------------------------------------------+
|A: Identity of the person or legal entity subject to the notification obligation              |
+--------------+-------------------------------------------------------------------------------+
|Full name     |BH Macro Limited                                                               |
|(including    |                                                                               |
|legal form for|                                                                               |
|legal         |                                                                               |
|entities)     |                                                                               |
+--------------+-------------------------------------------------------------------------------+
|Contact       |Trafalgar Court, Les Banques, St. Peter Port, Guernsey GY1 3QL, Channel Islands|
|address       |                                                                               |
|(registered   |                                                                               |
|office for    |                                                                               |
|legal         |                                                                               |
|entities)     |                                                                               |
+--------------+-------------------------------------------------------------------------------+
|Phone number  |Tel: [phone]                                                             |
|              |Fax: [phone]                                                              |
|              |                                                                               |
|              |[e-mail]                                                        |
+--------------+-------------------------------------------------------------------------------+
|Other useful  |                                                                               |
|information   |                                                                               |
|(at least     |                                                                               |
|legal         |                                                                               |
|representative|                                                                               |
|for legal     |                                                                               |
|persons)      |                                                                               |
+--------------+-------------------------------------------------------------------------------+

+----------------------------------------------------------------------------+
|B: Identity of the notifier, if applicable xvii                             |
+------------------------------------------------+---------------------------+
|Full name                                       |F&C Asset Management plc   |
+------------------------------------------------+---------------------------+
|Contact address                                 |80 George Street, Edinburgh|
|                                                |EH2 3BU                    |
+------------------------------------------------+---------------------------+
|Phone number                                    |0131 718 1093              |
+------------------------------------------------+---------------------------+
|Other useful information (e.g. functional       |                           |
|relationship with the person or legal entity    |                           |
|subject to the notification obligation)         |                           |
+------------------------------------------------+---------------------------+

+---------------------------------------------------------------------------+
|C: Additional information                                                  |
+---------------------------------------------------------------------------+
|                                                                           |
+---------------------------------------------------------------------------+



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