REG-Third Point Investors: Update on 2022 Exchange Facility

Third Point InvestorsAnnouncement

06/04/2022 07:15

6 April 2022

Update on 2022 Exchange Facility

Third Point Investors Limited (“TPIL” or the “Company”) on 18 March
(https://thirdpointlimited.com/wp-content/uploads/2022/03/2022-03-18-TPIL-Announcement.pdf)
announced the preliminary results of its 2022 exchange facility (the
“Exchange Facility”), whereby eligible investors had the opportunity to
elect to convert ordinary shares of TPIL (“TPIL Shares”) into shares of
Third Point’s flagship Cayman Fund (“Master Fund Shares”) at a 2 per
cent. discount to NAV per TPIL Share.

Based on the estimated NAV per TPIL share of $28.12 as at 31 March 2022, the
Company estimates that approximately 43% of the TPIL Shares that were subject
to valid exchange requests will be exchanged into Master Fund Shares.

The Company’s registrar will, as soon as is practicable, return from escrow
approximately 50% of TPIL Shares to validly electing shareholders, leaving a
small reserve to be held until the finalisation of the 31 March 2022 NAV in
the third week of April. At that time, the precise number of Master Fund
Shares exchanged will be disclosed to participating shareholders and the
balance of TPIL Shares held as a reserve will be returned.  

A further update will be provided once the 31 March 2022 NAV is finalised the
third week of April.

- Ends -

Press Enquiries

 Third Point Elissa Doyle, Chief Communications Officer and Head of ESG Engagement edoyle@thirdpoint.com Tel: +1 212-715-4907  Buchanan PR  Charles Ryland charlesr@buchanan.uk.com Tel: +44 (0)20 7466 5107 Henry Wilson henryw@buchanan.uk.com Tel: +44 (0)20 7466 5111  

Notes to Editors

About Third Point Investors Limited

www.thirdpointlimited.com

Third Point Investors Limited (LSE: TPOU) was listed on the London Stock
Exchange in 2007 and is a feeder fund that invests in the Third Point Offshore
Fund (the Master Fund), offering investors a unique opportunity to gain direct
exposure to founder Daniel S. Loeb’s investment strategy. The Master Fund
employs an event-driven, opportunistic strategy to invest globally across the
capital structure and in diversified asset classes to optimize risk-reward
through a market cycle. TPIL’s portfolio is 100% aligned with the Master
Fund, which is Third Point’s largest investment strategy. TPIL’s assets
under management are currently $900 million.

About Third Point LLC

Third Point LLC is an institutional investment manager that actively engages
with companies across their lifecycle, using dynamic asset allocation and an
ethos of continuous learning to drive long-term shareholder return. Led by
Daniel S. Loeb since its inception in 1995, the Firm has a 36-person
investment team, a robust quantitative data and analytics team, and a deep,
tenured business team. As of 31 March 2022, Third Point manages approximately
$16.0 billion in assets for sovereign wealth funds, endowments, foundations,
corporate & public pensions, high-net-worth individuals, and employees.



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