BH Credit Catalysts Limited (the "Company")

    (a closed-ended investment scheme established as a company with limited
      liability under the laws of Guernsey with registered number 52520)

                           July 2014 Share Conversion

                                 1 August 2014

The Company has received (in aggregate) the following share conversion requests
from shareholders for the 31 July 2014 Share Conversion Date:

- 36,205 Sterling shares to be converted to US Dollar shares

- 280,000 US Dollar shares to be converted to Sterling shares

Conversions will take place as soon as practicable after the Company's
month-end net asset value figures for July 2014 are released. Converting
shareholders will be notified upon conversion taking place, which will be no
later than 25 business days after 31 July2014.

Company website: www.bhcreditcatalyts.com

Enquiries:

Northern Trust International Fund Administration Services (Guernsey) Limited
Andrew Maiden
Tel: +44 (0)1481 745368