BHCU BH Credit. $

                  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)

                            Transparency Reporting

                                24 October 2014

As an investor in Brevan Howard Credit Catalysts Master Fund Limited (the
"Master Fund"), the Company has received from International Fund Services, the
administrator of the Master Fund, an Investor Transparency Report relating to
the Net Asset Value of the Master Fund as at 30 September 2014. The report is
available on the Company's website, which can be accessed at
www.bhcreditcatalysts.com.

Enquiries:

Company website:        www.bhcreditcatalysts.com

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