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 10,545,400 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 (GBP) of BH Macro
   Limited;
2. Security Identifier: GG00B1NP5142;
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: 1000p per share; and
7. Over-allotment option is equivalent to 10% of the offering.

Yours faithfully



JPMorgan Cazenove Limited






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