Third Poi. E Regulatory News (TPOE)

Third Point Offshore Investors Limited (the" Company")

(a closed-ended investment company incorporated with limited liability under the laws of Guernsey with registered number 47181)

Third Point February Performance

3/1/2012

The following figures are estimated net returns of Third Point Offshore Fund, Ltd. for the month of February and for the year 2012:

February          YTD 2012

+1.1%               +5.0%

Performance results are based on the net asset value of fee paying investors only and are presented net of management fees, brokerage commissions, administrative expenses, and accrued performance allocation, if any, and include the reinvestment of all dividends, interest, and capital gains.  The performance above represents fund-level returns, and is not an estimate of any specific investor's actual performance, which may be materially different from such performance depending on numerous factors.  All performance results are estimates and should not be regarded as final until audited financial statements are issued.   Past performance is not necessarily indicative of future results.  All information provided herein is for informational purposes only and should not be deemed as a recommendation to buy or sell securities.  All investments involve risk including the loss of principal.  This transmission is confidential and may not be redistributed without the express written consent of Third Point LLC and does not constitute an offer to sell or the solicitation of an offer to purchase any security or investment product.  Any such offer or solicitation may only be made by means of delivery of an approved confidential offering memorandum.

Website:   www.thirdpointpublic.com

Enquiries:

Company Secretary - Northern Trust International Fund Administration Services (Guernsey) Limited

Tel:       +44 (0) 1481 745368

Email:   tl45@ntrs.com