Dividend Declaration

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) Dividend Declaration 18 December 2014 The Boardof Third Point Offshore Investors Limited is pleased to announce that ithas approved the third annual dividend of approximately 5% of the net asset valueof each share class. The declaration follows the adoption of a long-term dividend policy by theBoard, as announced on 24 October 2012. This policy anticipates that theCompany will pay a cash dividend of 4-5% of NAV to the extent that the positiveNAV performance of the Company would support such a dividend and absent other,exigent circumstances relating to the Investment Manager and otherwise. The Company is pleased to announce the following share class rates and dates: Dividend per USD Share 90 cents (USD) Dividend per GBP Share 87 pence (GBP) Ex-Date 29 December 2014 Record Date 30 December 2014 PayDate 16 January 2015 The dividend yield per share, based on the current share price,isapproximately 5.1%. Shareholders will receive their dividend in the respectiveclass currency. The Company also announces the payment of the annual dividend to B shareholdersat fixed rate of 0.0000001 pence (Sterling) per B Share, irrespective ofwhether their B Shares are denominated in Sterling or in any other currency.This dividend will be paid on 16 January 2015. Enquiries:Company website: www.thirdpointpublic.com Andrew MaidenNorthern Trust International Fund Administration Services (Guernsey) LimitedTel: +44 (0)1481 745368