Net Asset Value(s)

BH Macro Limited
27 November 2007


                        BH MACRO LIMITED (the 'Company')

 (a closed-ended investment company incorporated in Guernsey with registration
                                 number 46235)



Announcement of Final Month-End Net Asset Values


As at the close of business on 31st October 2007 the month-end Net Asset Values
of each class of the Company's shares are as follows:



        FUND NAME            NAV                     SEDOL            NAV DATE
     BH Macro Limited      $11.59                   B1NPGV1         31st October
                                                                        2007
     BH Macro Limited      1160p                    B1NP514         31st October
                                                                        2007
     BH Macro Limited      €11.49                   B1NPGZ5         31st October
                                                                        2007



The Net Asset Value figures in this announcement have been calculated by
Northern Trust International Fund Administration Services (Guernsey) Limited and
are based on unaudited valuations.


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.



Enquiries:


Northern Trust International Fund Administration Services (Guernsey) Limited


Harry Rouillard 44 (0)1481 745315


Date: 20th November 2007




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