The Board of Macro 4 notes the movement in Macro 4's share price and confirms that it has received an approach from a third party which may or may not lead to an offer being made for the whole of the issued share capital of Macro 4. The Board of Macro 4 would like to point out, however, that discussions are at a very early stage and there can be no certainty that an offer will be made.

In accordance with Rule 2.10 of the City Code on Takeovers and Mergers, Macro 4 confirms that, as at the close of business on 28th August 2008, it has 22,191,603 ordinary shares, net of 868,682 shares held in treasury, of 5 pence each in issue and admitted to trading on the London Stock Exchange under ISIN code GB0005541106.

A further announcement will be made when appropriate.

Dealing Disclosure Requirements

Under the provisions of Rule 8.3 of the Code, if any person is, or becomes, 'interested' (directly or indirectly) in 1% or more of any class of 'relevant securities' of Macro 4, all 'dealings' in any 'relevant securities' of Macro 4 (including by means of an option in respect of, or a derivative referenced to, any such 'relevant securities') must be publicly disclosed by no later than 3.30 pm (London time) on the London business day following the date of the relevant transaction. This requirement will continue until the date on which the offer becomes, or is declared, unconditional as to acceptances, lapses or is otherwise withdrawn or on which the 'offer period' otherwise ends. If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire an 'interest' in 'relevant securities' of Macro 4, they will be deemed to be a single person for the purpose of Rule 8.3. 

Under the provisions of Rule 8.1 of the Code, all 'dealings' in 'relevant securities' of Macro 4 by the offeror or Macro 4, or by any of their respective 'associates', must be disclosed by no later than 12.00 noon (London time) on the London business day following the date of the relevant transaction.

A disclosure table, giving details of the companies in whose 'relevant securities' 'dealings' should be disclosed, and the number of such securities in issue, can be found on the Takeover Panel's website http://www.thetakeoverpanel.org.uk/new/.

'Interests in securities' arise, in summary, when a person has long economic exposure, whether conditional or absolute, to changes in the price of securities. In particular, a person will be treated as having an 'interest' by virtue of the ownership or control of securities, or by virtue of any option in respect of, or derivative referenced to, securities. Terms in quotation marks are defined in the Code, which can also be found on the Panel's website. If you are in any doubt as to whether or not you are required to disclose a 'dealing' under Rule 8, you should consult the Panel.

Enquiries:

N M Rothschild & Sons Limited is acting for Macro 4 and no one else in connection with this announcement and will not be responsible to anyone other than Macro 4 for providing the protections afforded to clients of N M Rothschild & Sons Limited or for providing advice in relation to the contents of this announcement, or for any other transaction, arrangement or matters referred to in this announcement.