BH CREDIT CATALYSTS LIMITED - Net Asset Value(s)

                 BH CREDIT CATALYSTS LIMITED (the "Company")

      (a closed-ended investment collective investment scheme registered
         and incorporated in Guernsey with registration number 52520)

Announcement of Month-End Final Net Asset Values

As at the close of business on 31st October 2014 the Final Net Asset Values of
each class of the Company's shares are as follows:

                             MTD           YTD
Fund Name     Sedol   NAV    Performance   Performance    NAV Date

BH Credit
Catalysts Ltd B4T5WS5 $13.66 -0.72%        +4.99%       31st October 2014
BH Credit
Catalysts Ltd B4XV933 1371p  -0.71%        +5.12%       31st October 2014


The Net Asset Value figures in this announcement are final, and are
based on unaudited final valuations. The final month-end Net Asset Value of
BHCCFL may be materially different from the 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.

Month to date performance figures are calculated by reference to
the previous estimated month end NAV or, if published, the previous month end
confirmed NAV. The year to date performance figures are calculated by
reference to the NAV at the end of the last calendar year. MTD and YTD
performance figures are based on the NAV per share calculated to four decimal
places.

Enquiries:

Northern Trust International Fund Administration Services (Guernsey) Limited
Harry Rouillard 44 (0)1481 745315

Date: 24th November 2014

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