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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 July 2015 Performance

8/4/2015

Monthly Performance

Historical Performance¹

Exposure and Performance²

Geographic Exposure – Long/Short Equity Only

Long Exposure
Americas:  117%
EMEA:  8%
Asia: 4%

Short Exposure
Americas:  -33%
EMEA:  -4%
Asia: -8%

Net Exposure
Americas:  84%
EMEA:  4%
Asia: -4%

Market Capitalization³
<$5B: 8%
$5-10B: 6%
>10B: 86%

Position Concentration

             Top 10    Top 20

Long        52%         67%

Short        25%         29%

1          All performance since inception, December 1996 (net of fees).         

2          Relates to the Third Point Offshore Master Fund L.P.

3          Market capitalization reflects only those holdings that are exchange-listed equity or any synthetic equity with an underlying reference instrument market capitalization.

Explanatory Note

Third Point Offshore Investors Limited is a feeder fund listed on the London Stock Exchange that invests substantially all of its assets in Third Point Offshore Fund, Ltd (“Third Point Offshore”).  Third Point Offshore is managed by Third Point LLC (“Third Point” or “Investment Manager”), an SEC-registered investment adviser headquartered in New York.  Third Point is primarily engaged in providing discretionary investment advisory services to its proprietary private investment funds (each a “Fund” collectively, the “Funds”).  Third Point’s Funds currently consist of Third Point Offshore, Third Point Ultra Ltd. (“Third Point Ultra”), Third Point Partners L.P. (“TP Partners LP”) and Third Point Partners Qualified L.P.  Third Point also currently manages three separate accounts.  The Funds and any separate accounts managed by Third Point are generally managed as a single strategy while Third Point Ultra has the ability to leverage the market exposure of Third Point Offshore.

All performance results are based on the NAV 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.  While performance allocations are accrued monthly, they are deducted from investor balances only annually (quarterly for Third Point Ultra) or upon withdrawal.  The performance results represent fund-level returns, and are 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.

The performance data presented represents that of Third Point Offshore unless otherwise noted.  Exposure data represents that of Third Point Offshore Master Fund L.P. unless otherwise noted.

While the performances of the Funds have been compared here with the performance of a well-known and widely recognized index, the index has not been selected to represent an appropriate benchmark for the Funds whose holdings, performance and volatility may differ significantly from the securities that comprise the index.  Investors cannot invest directly in an index (although one can invest in an index fund designed to closely track such index).

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.

Specific companies or securities shown in this presentation are meant to demonstrate Third Point’s investment style and the types of industries and instruments in which we invest and are not selected based on past performance.  The analyses and conclusions of Third Point contained in this presentation include certain statements, assumptions, estimates and projections that reflect various assumptions by Third Point concerning anticipated results that are inherently subject to significant economic, competitive, and other uncertainties and contingencies and have been included solely for illustrative purposes.  No representations, express or implied, are made as to the accuracy or completeness of such statements, assumptions, estimates or projections or with respect to any other materials herein.

Information provided herein, or otherwise provided with respect to a potential investment in the Funds, may constitute non-public information regarding Third Point Offshore Investors Limited, a feeder fund listed on the London Stock Exchange, and accordingly dealing or trading in the shares of that fund on the basis of such information may violate securities laws in the United Kingdom and elsewhere.

Website:      www.thirdpointpublic.com

Enquiries:
Company Secretary – Northern Trust International Fund Administration Services (Guernsey) Limited
Tel:              +44 (0) 1481 745640
Email:         AL184@ntrs.com