Conversion of Securities

THIRD POINT OFFSHORE INVESTORS LIMITED - Conversion of Securities

PR Newswire

London, June 22

Third Point Offshore Investors Limited (the “Company”)

(a closed-ended investment company incorporated with limited liability under the laws of Guernsey with registered number 47161)

Completion of 31 May 2015 Share Conversion

22 June 2015

Following the publication on 18 June 2015 final month-end net asset values for 31 May 2015 the following share conversion ratios have been determined in accordance with the Articles of Association of the Company for the purposes of the 31 May 2015 share conversion date:

On the basis of aggregate applications received and using the conversion ratios listed above, the following shares will be issued:

and the following shares will be cancelled:

The Company’s Articles of Incorporation provide that whenever a number of shares are converted from one currency class to another, a corresponding number of unlisted B shares shall be converted so as to maintain the set ratio of B shares to ordinary shares. On this basis, the following B shares will be issued:

and the following B shares will be cancelled:

Application has been made to the Financial Conduct Authority (“FCA”) for the 78,295 new US Dollar 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.

In addition, application has also been made for 90,177 US Dollar shares of no par value, issued pursuant to the 30 April 2015 and 28 February 2015 share conversions, 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. These shares represent shares issued in excess of the remaining number of US Dollar shares which were available under the Company’s block listing facility.

Admission is expected to occur on 26 June 2015. Shareholder CREST accounts for converting shareholders are expected to be updated by 5.00pm on 26 June 2015.

Following issue and cancellation of the relevant shares, the total number of shares in issue in each class will be as follows:

The number of votes each share in the Company is entitled to on a poll at any general meeting of the Company will not change as a result of the conversions. These are:

US Dollar Share 1.0000

Sterling Share 2.0000

From 22 June 2015, the total number of voting rights in the Company (rounded down to the whole number) is 85,790,164.

Enquiries:

Website: www.thirdpointpublic.com

Company SecretaryNorthern Trust International Fund Administration Services (Guernsey) LimitedFranczeska KingTel: +44 (0) 1481 745918