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Friday 07 December, 2012

Tetragon Financial Group Limit

Tetragon Financial Group Master Fund Limited


    TFG today announced the final results of the "modified Dutch auction" tender
offer
(the "Offer") by its subsidiary, the Tetragon Financial Group Master Fund 
Limited (the
"Master Fund") to purchase a portion of the outstanding non-voting shares of TFG
for a
maximum aggregate payment of $150,000,000 in cash. The Offer expired at 5:30 
p.m., Central
European Time, on Tuesday, December 4, 2012.

    Deutsche Bank AG, London Branch ("Deutsche Bank") acted as dealer manager 
for the
Offer and KAS BANK N.V. acted as tender agent for the Offer. As dealer manager,
Deutsche
Bank determined the final purchase price at which the Master Fund will purchase
shares in
the Offer and the final proration factor.

    In accordance with the terms of the Offer, the Master Fund has accepted for
purchase
15,384,615 TFG non-voting shares at a purchase price of $9.75 per share. The 
aggregate
cost of this purchase is $149,999,996.25, excluding fees and expenses relating 
to the
Offer. A total of 18,143,697 TFG non-voting shares were properly tendered and 
not
withdrawn at or below the purchase price of $9.75 per share. Because more than
$150,000,000 in value of TFG non-voting shares was properly tendered and not 
properly
withdrawn, the Offer was subject to proration pursuant to the terms of the 
Offer, with
appropriate adjustments to avoid purchases of fractional shares. The final 
proration
factor for the Offer is 84.8%, rounded to the first decimal place.[1]

    The Master Fund will promptly make payment for the shares validly tendered 
and
accepted for purchase. All shares tendered and not purchased in the Offer will 
be promptly
returned to the tendering shareholders.

    About TFG

    TFG is a Guernsey closed-ended investment company traded on NYSE Euronext in
Amsterdam
under the ticker symbol "TFG" that aims to provide stable returns to investors 
across
various credit, equity, interest rate and real estate cycles. TFG maintains two
key
business segments: an investment portfolio and an asset-management platform. 
Both segments
cover a broad range of assets including bank loans, real estate, equities, 
credit and
convertible bonds.

    This release does not contain or constitute an offer to sell or a 
solicitation of an
offer to purchase securities in the United States or any other jurisdiction. The
securities of TFG have not been and will not be registered under the US 
Securities Act of
1933 (the "Securities Act"), as amended, and may not be offered or sold in the 
United
States or to U.S. persons unless they are registered under applicable law or 
exempt from
registration. TFG does not intend to register any portion of its securities in 
the United
States or to conduct a public offer of securities in the United States. In 
addition, TFG
has not been and will not be registered under the US Investment Company Act of 
1940, and
investors will not be entitled to the benefits of such Act. TFG is registered in
the
public register of the Netherlands Authority for the Financial Markets under 
Section 1:107
of the Financial Markets Supervision Act ("FMSA") as a collective investment 
scheme from a
designated country. This release constitutes regulated information 
("gereglementeerde
informatie") within the meaning of Section 1:1 of the FMSA.

    --------------------------------------------------

    1. The full final proration factor is 84.7931653620538%.

<pre>    
    Contacts
    For Investor Relations Inquiries:
    David Wishnow/Yuko Thomas
    [email protected]

    For Press Inquiries:
    Brunswick Group
    Andrew Garfield/Gill Ackers/Brian Buckley
    +44-20-7404-5959
    [email protected]
</pre>    PRN NLD



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