TIDMBHCG TIDMBHCU 
 
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) 
 
                Completion of 31 October 2014 Share Conversion 
 
                               25 November 2014 
 
Following the publication on 24 November 2014 of the final month-end net asset 
values for 31 October 2014, the following share conversion ratios have been 
determined in accordance with the articles of incorporation of the Company for 
the purposes of the 31 October 2014 share conversion date: 
 
0.622567 GBP shares for each USD share 
 
1.606252 USD shares for each GBP share 
 
On the basis of aggregate applications received and using the conversion ratios 
listed above, the following shares will be issued: 
 
  * 803 New US Dollar shares of no par value 
 
and the following shares will be cancelled: 
 
  * 500 Sterling shares of no par value; 
 
all with effect from 25 November 2014. 
 
Application has been made to the Financial Conduct Authority ("FCA") for the 
new shares to be admitted to the Official List of the UK Listing Authority and 
admitted to trading on the London Stock Exchange's main market for listed 
securities. 
 
Admission is expected to occur on 1 December 2014. Shareholder CREST accounts 
for converting shareholders are expected to be updated by 5.00pm on 1 December 
2014. 
 
Following issue and cancellation of the relevant shares, the total number of 
shares in issue in each class will be as follows: 
 
- 3,024,729US Dollar Shares 
 
- 8,332,877 Sterling Shares 
 
The number of votes each share in the Company is entitled to on a poll at any 
general meeting of the Company waspublished by the Company on 15 December 2010 
and will not change as a result of the conversions.These are: 
 
US Dollar Share 1.0000 
 
Sterling Share  1.5774 
 
From25 November 2014, the total number of voting rights in the Company (rounded 
down to the whole number) is16,169,009. 
 
Enquiries: 
 
Website: www.bhcreditcatalysts.com 
Northern Trust International Fund Administration Services (Guernsey) Limited 
Andrew Maiden 
Tel: +44 (0)1481 745368 
 
 
 
END 
 

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