Tetragon Financial Group Limited (TFG) Announces Continuation of Its Share Repurchase Program

LONDON, October 1, 2010 - TFG today announces that it will continue its share repurchase
program. The Board of TFG continues to be confident in the long-term
prospects of TFG. The Board also believes that the purchase of shares in the
market may at appropriate price levels below Net Asset Value represent an
attractive use of TFG's excess cash and an efficient means to return cash to
its shareholders.

The updated share repurchase program will commence on October
4, 2010 and will continue for a period of up to October 31, 2011, until 5% of
the Company's outstanding shares have been repurchased under the updated
program or until terminated by the Board. Other than as described below, the
updated share repurchase program shall be conducted on the same terms as the
previously announced program on October 23, 2009. Accordingly, the maximum
price to be paid per share under the share repurchase program shall not
exceed the higher of the price of the last independent trade and the highest
current independent bid on Eurolist by NYSE Euronext Amsterdam. TFG's maximum
daily trading volume for such purchases shall be based on the average daily
volume traded in September 2010 and shall be fixed for the duration of the
program.

About Tetragon:

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

Tetragon Financial Group Limited (TFG) currently invests
primarily through long-term funding vehicles such as collateralized loan
obligations (CLOs) in selected securitized asset classes and aims to provide
stable returns to investors across various interest rate and credit cycles.

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 (the 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
    +44(0)20-7282-1080
    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, +44(0)20-7282-1080, tetragon at citigatedr.co.uk