TIDMBHCG TIDMBHCU 
 
BH CREDIT CATALYSTS LIMITED (the "Company") 
 
      (a closed-ended investment collective investment scheme registered 
         and incorporated in Guernsey with registration number 52520) 
 
Weekly Announcement of Estimated Net Asset Values 
 
As at the close of business on 12th December 2014 the estimated 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   $13.50  -0.66%        +3.77%       12th December 2014 
 
BH Credit 
Catalysts Ltd   B4XV933   1355p   -0.66%        +3.87%       12th December 2014 
 
 
The Net Asset Value figures in this announcement are an estimate, 
and are based on unaudited estimated valuations. The final month-end Net Asset 
Value of BHCCFL may be materially different from these 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: 16th December 2014
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