BH Credit Catalysts Limited (the "Company") (a closed-ended collective investment scheme established as a company with limited liability under the laws of Guernsey with registered number 52520) Arrangements regarding Brevan Howard and DWIM 11 November 2014 The Company notes that the Company's existing manager, Brevan Howard Capital Management L.P. ("Brevan Howard") and DW Investment Management LP ("DWIM"), the investment management of the Brevan Howard Credit Catalysts Master Fund (the "Master Fund") have sent papers to investors in the private feeder funds into the Master Fund regarding the proposed transfer of management of the Master Fund from Brevan Howard to DWIM. The Board of the Company is supportive of the proposed assumption by DWIM from Brevan Howard of the wider management responsibilities of the Master Fund and also of the assumption by DWIM of management responsibilities in relation to the Company itself. The Company is in the process of finalising with DWIM the specific terms on which DWIM will act as manager of the Company and the Company will continue its investment exposure to the Master Fund. It is anticipated that a meeting of the Company's shareholders will be held in December to approve changes to the Company's investment policy and name to facilitate the transfer of management and that a circular setting out the proposed changes will be sent to shareholders towards the end of November. Enquiries: Company website: www.bhcreditcatalysts.com Northern Trust International Fund Administration Services (Guernsey) Limited Andrew Maiden Tel: +44 (0) 1481 745368 DWIM Jen Drake Jennifer.Drake@dwim.us Brevan Howard Daniel Riggs Tel: +44 (0) 207 022 6236
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- BH CREDIT $ ORD RED SHS NPV $ : CATALYSTS LIMITED - Arrangements regarding BH and DWIM