THIRD POINT OFFSHORE INVESTORS LIMITED - Conversion of Securities

PR Newswire
London, November 24

Third Point Offshore Investors Limited (the "Company")
(A closed-ended investment company incorporated in Guernsey with registration number 47161)

24^th November 2015
Completion of 31^st October 2015 Share Conversion

Following the publication on 23^rd November 2015 final month-end net asset values for 31^st October 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^st October share conversion date:

1.479922	US Dollar shares for each Sterling share
0.675711	Sterling shares for each US Dollar share

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

USD 35,000 shares of no par value into 23,649 GBP shares

The Company's Articles of Association provide that whenever a number of shares is 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 converted:

USD 23,333 shares of no par value into 15,766 GBP shares

The 23,649 new Sterling shares, being the net amount of the conversion, will be listed in accordance with the existing block listing facility.

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

• 47,723,243 US Dollar shares; and
• 1,821,450 Sterling shares

• 31,815,517 US Dollar B shares; and
• 1,214,312 Sterling B shares

The Share conversion took place on 24^th November

Enquiries:
Company Secretary
Northern Trust International Fund Administration Services (Guernsey) Limited
Franczeska Hanford [phone]
Email: [e-mail]