Update on Conversion Error

HIGHBRIDGE MULTI-STRATEGY FUND LIMITED (THE "COMPANY")

UPDATE ON CONVERSION ERROR

The Company is pleased to announce that, following rectification of the register, settlement of the Company's shares (the "Shares") has been re-enabled within CREST by Euroclear UK & Ireland. Accordingly the Company has made a request to the Financial Conduct Authority to restore the listing of the Shares on the Official List.

14 March 2016

For further information about this announcement contact:

JTC (Guernsey) Limited

Secretary

Tel: 44 (0) 1481 702 400

Email: fundservicesgsy@jtcgroup.com

END OF ANNOUNCEMENT

E&OE - in transmission.