BH CREDIT CATALYSTS LIMITED - Notice of EGM

BH Credit Catalysts Limited (the "Company")

 Extraordinary General Meeting regarding proposed transfer of management from
               Brevan Howard to DW Partners and related matters

                               28 November 2014

Further to the announcement made on 11 November 2014, a circular is today being
published (the "Circular") which includes a notice convening an extraordinary
general meeting of the Company at 10 a.m. on 19 December 2014 (the
"Extraordinary General Meeting") to approve certain matters regarding the
assumption of the management of the Company by DW Investment Management, LP (to
be renamed DW Partners, LP) ("DW") from the Company's existing manager, Brevan
Howard Capital Management LP ("Brevan Howard") and the reinvestment of the
Company's assets (net of funds required for short-term working capital
requirements) into Brevan Howard Credit Catalysts Fund Limited (to be renamed
DW Catalyst Offshore Fund, Ltd) (the "Feeder Fund"), which is a feeder fund
into Brevan Howard Credit Catalysts Master Fund Limited (to be renamed DW
Catalyst Master Fund, Ltd) (the "Master Fund"). The Company is currently
invested in the Master Fund.

The resolutions to be proposed at the Extraordinary General Meeting (the
"Resolutions"), all of which must be approved to become effective, address the
change of the Company's investment policy to permit investment in the Feeder
Fund, approval of a new management agreement with DW, the change of the
Company's name to DW Catalyst Fund Limited and certain amendments to the
Company's articles of incorporation.

The Circular includes a recommendation from the Company's board of directors to
shareholders to vote in favour of each of the Resolutions.

Effectiveness of the Resolutions is conditional on the boards of directors and
shareholders of each of the Feeder Fund and the Master Fund also approving the
transfer of the management of the Feeder Fund and the Master Fund respectively
from Brevan Howard to DW (the "Underlying Approvals").

Assuming that the Underlying Approvals are obtained and the Resolutions are
passed, the change in management of the Company and reinvestment by the Company
into the Feeder Fund will be effective from 1 January 2015.

If the Underlying Approvals are obtained but the Resolutions are not passed,
the Company's existing investment in the Master Fund will be redeemed with
effect from 31 December 2014.

A copy of the Circular will shortly be available on the Company's website at
www.bhcreditcatalysts.com. The Circular will also be submitted to the National
Storage Mechanism and will shortly be available for inspection at
www.morningstar.co.uk/uk/nsm.

Enquiries:

Company website:        www.bhcreditcatalysts.com

Northern Trust International Fund Administration Services (Guernsey) Limited
Andrew Maiden
Tel: [phone]

Brevan Howard
Daniel Riggs
Tel: [phone]

DW
Jen Drake
[e-mail]