/C O R R E C T I O N — Tetragon Financial Group Limited/

By Tetragon Financial Group Limited, PRNE
Tuesday, February 15, 2011

LONDON, February 16, 2011 - In the news release, "Tetragon Financial Group Limited (TFG) Monthly Update
for January 2011" issued on 16 Feb 2011 07:55 GMT, by Tetragon Financial
Group Limited AEX:TFG over PR Newswire, we are advised by a representative
of the company that where "2010" appeared throughout the release it has been
changed to "2011".
Complete, corrected release follows:

Tetragon Financial Group Limited (TFG) is a Guernsey
closed-ended investment company traded on Euronext Amsterdam by NYSE Euronext
under the ticker symbol "TFG".

In this monthly update, unless otherwise stated, we report on
the consolidated business incorporating TFG and Tetragon Financial Group
Master Fund Limited. [1]

    Net Asset Value Estimates as of January 31, 2011

    (Amounts provided are unaudited and subject to change)

                                          (in millions except per share data)
    Estimated Fair Value of Investments:  $1,053.8
    Cash and Cash Equivalents:              $150.8
    Net Other Assets/ (Liabilities):        ($26.2)
    Estimated Net Asset Value:            $1,178.4
    TFG Shares Outstanding:                  131.2
    Net Asset Value per Share: [2]           $9.82

———————————

[1]TFG invests substantially all its capital through a master fund,
Tetragon Financial Group Master Fund Limited ("TFGMF") in which it holds a
100.0% share.

[2]Excludes 7.30 million shares held in treasury and 3.91 million
shares held by a subsidiary.

                             Portfolio Composition

         Portfolio Held by Tetragon Financial Group Master Fund Limited
                            (unless otherwise stated)
                             As of January 31, 2011

    Report Date        TFG     TFG      TFG           No. of Closed CLO
                      Share   group    group             Transactions
                      Price   Market    Net
                       ($)     Cap     Assets
                             ($MM)(1)  ($MM)
    31 January 2011   $6.78   $889.3  $1,178.4              70(2)

    Capital Allocation by Asset Class                     Risk    Investment
                                                         Capital    - Fair
                                                       Allocation    Value
                                                                  ($MM)(3)(4)

    Broadly Syndicated Senior Secured Loans: US            73.8%      $773.9
    Broadly Syndicated Senior Secured Loans: Europe        10.4%      $109.2
    Middle Market Senior Secured Loans: US                 15.8%      $165.6
    CDOs Squared: US                                        0.0%        $0.0
    ABS and Structured Finance: US                          0.0%        $0.0

                    Total                                 100.0%    $1,048.7

    Geographic Allocation by Asset Class       USA   Europe  Asia   Total
                                                            Pacific

    Broadly Syndicated Senior Secured Loans    87.6%  12.4%   0.0%   100.0%
    Middle Market Senior Secured Loans        100.0%   0.0%   0.0%   100.0%
    CDOs Squared                                0.0%   0.0%   0.0%     0.0%
    ABS and Structured Finance                  0.0%   0.0%   0.0%     0.0%

                                               89.6%  10.4%   0.0%   100.0%

    Top 15 Underlying Bank Loan Credits                     Bank Loan
                                                            Exposure
                                                               (5)

    Community Health                                          0.96%
    Charter Communications                                    0.90%
    Univision Communications                                  0.86%
    TXU Corp                                                  0.85%
    HCA Inc                                                   0.80%
    First Data Corp                                           0.75%
    Cablevision Systems Corp                                  0.68%
    Aramark Corp                                              0.68%
    SunGard Data Systems Inc                                  0.68%
    Sabre Holdings Corp                                       0.66%
    UPC Broadband                                             0.66%
    Federal-Mogul                                             0.61%
    Georgia Pacific Corp                                      0.59%
    Las Vegas Sands                                           0.59%
    Health Management Associates                              0.58%

    TOP 10 INDUSTRY
    Healthcare, Education & Childcare                        12.0%
    Broadcasting & Entertainment                              7.8%
    Diversified/Conglomerate Service                          7.2%
    Telecommunications                                        6.3%
    Chemicals, Plastics & Rubber                              5.1%
    Retail Stores                                             4.3%
    Printing & Publishing                                     3.9%
    Finance                                                   3.8%
    Personal, Food & Miscellaneous                            3.6%
    Leisure, Amusement, Motion Pictures & Entertainment       3.6%

    Expected Upcoming Events                     Date
    Q3 Dividend Payment Date                     November 18, 2008
    Bank of America Credit Conference (Florida)  November 20, 2008
    FBR Global Equity Conference (New York)      December 3, 2008
    November 2008 Monthly Report                 December 16, 2008 (approx)

EUR-USD FX: 1.37

(1) Calculated using TFG shares outstanding and month end exchange price.

(2) Excludes CDO-squared and ABS CDO transactions which were written off
in October 2007.

TFG continues to hold the economic rights to 3 of these written-off
transactions.

(3) Excludes TFG's investment in LCM Asset Management LLC.

(4) Equivalent to Investment in Securities at Fair Value in the US GAAP
Financial Statements.

(5) Includes par amount of loans held directly by TFG and also loan
exposures via TFG's investments in CLOs. With respect to CLO investments,
calculated as a percentage of total corporate loan assets that TFG has
exposure to based on its equity-based pro-rata share of each CLO's total
portfolio. All calculations are net of any single name CDS hedges held
against that credit.

                     Tetragon Financial Group Limited (TFG)
                         Monthly Update For January 2011

    Expected Upcoming Events                     Date

    2010 audited financial statements            March 2, 2011 (approx)
    Q4 dividend ex date                          March 2, 2011
    Q4 dividend record date                      March 4, 2011
    Quarterly investor call                      March 7, 2011
    February 2010 Monthly Report                 March 17, 2011 (approx)
    Q4 dividend payment date                     March 25, 2011

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 US 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.

    For further information, please contact:

    TFG:
    David Wishnow/Yuko Thomas
    Investor Relations
    ir@tetragoninv.com

    Press Inquiries:
    Citigate Dewe Rogerson
    Michael Berkeley/Justin Griffiths/Clare Simonds
    tetragon@citigatedr.co.uk

PRN NLD

For further information, please contact: TFG: David Wishnow/Yuko Thomas, Investor Relations, ir at tetragoninv.com; Press Inquiries: Citigate Dewe Rogerson, Michael Berkeley/Justin Griffiths/Clare Simonds, tetragon at citigatedr.co.uk

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