BHCG BH Credit. £

                  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 30th November 2014 the Final Net Asset Values of
each class of the Company's shares are as follows:

Fund Name    Sedol      NAV       MTD           YTD          NAV Date
                                  Performance   Performance

BH Credit    B4T5WS5    $13.66    0.04%         +5.02%       30th November 2014
Catalysts
Ltd

BH Credit    B4XV933    1372p     0.03%         +5.15%       30th November 2014
Catalysts
Ltd


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: 18th December 2014