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

                                Dealings by a Director                             
                                    8 February 2016                                

    Pursuant to Disclosure Rule 3.1, the Company is obliged to notify the market of
    Director's holdings or interests of the Directors or their connected persons in
    shares of the Company.

    The Company was notified on 8 February 2016 that the following holding of
    Ordinary Shares was acquired and is beneficially held by Chris Legge, a
    Director of the Company:

    Purchased

      * 3,000 US Dollar shares at USD 14.0167 per share.

    Following this purchase, Mr Legge now holds a total of 3,000 US Dollar shares
    in the Company.

    Enquiries:
    Company website:        www.thirdpointpublic.com

    Company Secretary
    Northern Trust International Fund Administration Services (Guernsey) Limited
    Franczeska Hanford
    Tel:          +44 (0) 1481 745918