Net Asset Value(s)

RNS Number : 6541Z

BH Macro Limited

22 July 2008

 

BH MACRO LIMITED (the 'Company')

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

Weekly Announcement of Estimated Net Asset Values

As at the close of business on 18th July 2008 the estimated Net Asset Values of each class of the Company's shares are as follows:  

FUND NAME	NAV	SEDOL	NAV DATE
BH Macro Limited	$14.02	B1NPGV1	18th July 2008
BH Macro Limited	1423p	B1NP514	18th July 2008
BH Macro Limited	€13.94	B1NPGZ5	18th July 2008

The Net Asset Value figures in this announcement are an estimate, and are based on unaudited estimated valuations. The final month-end Net Asset Value may be materially different from these estimated weekly values, and should only be taken as indicative values which have been provided for information only and no reliance should be placed on them. Estimated results, performance or achievements may differ materially from any actual results, performance or achievements. Except as required by applicable law, the Company expressly disclaims any obligations to update or revise such estimates to reflect any change in expectations, new information, subsequent events or otherwise. 

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. 

The Company also announces that it has agreed to the removal of the restriction imposed at the time of the Company's initial public offering on each of the Company's manager, Brevan Howard Offshore Management Limited ('Brevan Howard'), Brevan Howard Master Fund Limited (the 'Master Fund') and the two other feeder funds in the Master Fund, being Brevan Howard Fund Limited and Brevan Howard Fund L.P., that each of them will not establish any closed-ended, listed or publicly traded funds whose purpose in each case is to invest more than 33% in the Master Fund.

Enquiries:

Northern Trust International Fund Administration Services (Guernsey) Limited

Harry Rouillard     44 (0)1481 745315

Date: 22nd July 2008

 

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