Tetragon Financial Group Limited (Tfg) Announces Update on its Share Repurchase Program

LONDON, January 28, 2011 - TFGtoday announces in furtherance of its share repurchase program
announced on November 30, 2007, that for the period of January 24, 2011
through January 28, 2011 TFG purchased 50,000of its shares for an average
price of U.S. $6.60per share.

About Tetragon:

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

Tetragon Financial Group Limited (TFG) is a Guernsey closed-ended
investment company traded on Euronext Amsterdam by NYSE Euronext under the
ticker symbol "TFG" that currently invests primarily through long-term
funding vehicles such as collateralized loan obligations 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 as a collective investment scheme from a designated
country.

    For further information, please contact:
    TFG:                            Press Inquiries:
    David Wishnow/Yuko Thomas       Citigate Dewe Rogerson
    Investor Relations              Michael Berkeley/Justin Griffiths/
    ir@tetragoninv.com              Clare Simonds
                                    +44(0)20-7638-9571
                                    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)20-7638-9571, tetragon at citigatedr.co.uk