Monthly Shareholder Report

BH Macro Limited
18 June 2007


BH Macro Limited

18th June 2007

BH Macro Limited ('BHML'), which is a feeder fund investing in the Brevan Howard
Master Fund Limited ('BHMF'), has been supplied by Brevan Howard Asset
Management LLP ('BHAM') with the information regarding BHMF's May 2007
performance and outlook. This information has been included in the following
BHML shareholder report.

http://www.rns-pdf.londonstockexchange.com/rns/5466y_-2007-6-18.pdf



Enquiries:

Northern Trust International Fund Administration Services (Guernsey) Limited
Christopher Copperwaite [phone]




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