Tetragon Financial Group Limited (TFG):Performance Report for Period Ended 30 June 2009

LONDON - 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 quarterly update, unless otherwise stated, we report on the consolidated business incorporating TFG and Tetragon Financial Group Master Fund Limited.(1) References to “we” are to Polygon Credit Management LP, TFG’s investment manager.

Q2 2009 results at a glance:

Overview: The second quarter was generally characterized by continued pressure on TFG’s investment portfolio emanating from, among other factors, underlying collateral losses. The pace of underlying collateral deterioration, however, was slower than in the previous quarter, which is reflected in both a reduced earnings loss and reduced utilization of the Accelerated Loss Reserve in Q2 2009 as compared to Q1 2009. Against this challenging backdrop, TFG continued to focus on the preservation of its existing investment portfolio and mainly used cash receipts to help strengthen its balance sheet.

Financial Results:

Net Income: Q2 2009 saw a reduced consolidated net loss of $(26.7) million, compared to a loss of $(414.3) million in Q1 2009.

Cash Receipts: The investment portfolio generated $31.9 million of cash during Q2 2009, or approximately $0.25 per share (calculated using the average number of shares outstanding in TFGMF during the period based on quarter-end holdings). This compares to $47.1 million of cash generated during Q1 2009.

Earnings per Share: EPS for Q2 2009 was approximately $(0.21) per share resulting in a consolidated EPS of approximately $(3.51) for the first half of 2009.

Net Assets and NAV per Share: Consolidated net assets were $693.1 million, or $5.50 per share, as of June 30, 2009, down from $723.4 million as of March 31, 2009, or $5.75 per share.

Cash Balance: Cash holdings increased during Q2 to $123.8 million at June 30, 2009, or approximately $0.98 per outstanding share, compared to $94.3 million at the end of Q1 2009. TFG continued to have no outstanding borrowings.

Dividend: On July 29, 2009, the Board of TFG declared a dividend of $0.03 per share in respect of Q2 2009, which will be payable on August 24, 2009. Please refer to the website (www.tetragoninv.com) for additional information regarding the dividend, including the Optional Stock Dividend Plan.

IRRs: The weighted-average IRR ended the quarter at 9.2%, down 1.4% from the end of Q1 2009. This reflected, among other factors, continued downward pressure from collateral losses on O/C cushions in certain investments.

Life-to-Date Net Loss Reserves:(2) Excess loss reserves fell in Q2 2009, with approximately $38.9 million of excess loss reserves having been factored into our IRR calculations as of June 30, 2009. At the end of Q1 2009, excess loss reserves were approximately $50.3 million.

Accelerated Loss Reserve:(3) As of the end of Q2 2009, the Accelerated Loss Reserve totaled $254.1 million, compared to $315.0 million at the end of the prior quarter. Overall, Accelerated Loss Reserves of approximately $60.9 million were released against certain investments in the portfolio due to, among other factors, collateral losses.

Hurdle Rate: The hurdle rate for Q3 2009 incentive fee has been reset at 3.2354% (Q2: 3.8247%) as per the process outlined in TFG’s 2008 Audited Financial Statements and in accordance with TFG’s investment management agreement.(4) No incentive fee was paid for Q1 or Q2 2009.

Portfolio Summary:

Portfolio Size: As of the end of Q2 2009, the estimated fair value of the investment portfolio totaled $565.0 million, with look-through exposure to over $17.0 billion of leveraged loans. No new collateralized loan obligation (”CLO”) investments were made during the quarter.

Portfolio Composition: The portfolio currently consists of 61 CLO investments managed by 32 CLO managers.(5)

Collateral Performance: As of the end of Q2 2009, 25 or approximately 41.7% of our CLO investments were failing their most junior O/C test.(6) This was an increase from 24 investments or 40.0% at the end of the prior quarter. As O/C tests are breached, CLO structures may divert excess interest cash flows away from the equity tranche holders, such as TFG, to pay down the CLO’s debt thereby curing the O/C breach through deleveraging. Accordingly, the aforementioned 25 investments have ceased to generate cash flows to TFG or are expected to cease generating cash flows on the next applicable payment date. Once enough debt has been repaid to cure the O/C test breach, however, distributions of excess interest cash flows to equity tranche holders could resume to the extent not precluded due to the investments’ realized or unrealized losses.

Portfolio Credit Quality: As of June 30, 2009, the weighted-average percentage of corporate obligors rated Caa1/CCC+ or below in our 61 CLO investments was 11.6% compared to an approximate 7.8% weighted-average maximum level permitted under the terms of our investments.(7) The weighted-average WARF stood at approximately 2,800. Each of these foregoing statistics represents a weighted-average summary of all of our 61 investments.(8) Each individual investment’s metrics will differ from this average and vary across the portfolio.

TFG Investment Weighted-Average Summary Q2 2009 Q1 2009 Q4 2008 Q3 2008 Q2 2008 Q1 2008 Caa1/CCC+ or Below Obligors: 11.6% 11.4% 7.6% 4.9% 4.4% 3.4% WARF: 2,800 2,758 2,577 2,490 2,472 2,443

Portfolio Summary (continued):

TFG and Market Default Rate: The lagging 12-month U.S. institutional loan default rate increased to 9.15% by principal amount as of June 30, 2009,(9) according to S&P/LCD, up from approximately 8.0% during the prior quarter.(10) TFG’s lagging 12-month corporate loan default rate increased to 5.1% during the second quarter.(11)

Q2 2009 Q1 2009 Q4 2008 Q3 2008 Q2 2008 Q1 2008 TFG Trailing 12-Month Default Rate: (10) 5.1% 4.0% 2.5% 1.5% 1.3% 0.8%

Market Summary:

Broad-based secondary loan price improvement: The second quarter of 2009 saw continued improvement in secondary loan market conditions. The S&P/LSTA Index rose 26% during the first half of 2009 as the average bid price of Index loans increased to approximately $77.8, up $16.2 from year-end.(12) Furthermore, compared to the first quarter, the gains recorded during Q2 2009 were more broad-based, reaching across the credit spectrum to Caa1/CCC+ or below rated credits, second-liens and covenant-lite loans. We believe that investors were likely attracted to these lower-quality credits given their potential for greater upside, inflows from high yield funds and hedge funds, as well as CLOs.

Refinancing activity drives primary loan issuance: The U.S. primary institutional loan market held its ground relative to the first quarter of 2009, with institutional new issue volumes increasing to $7.0 billion during Q2 2009, up from $5.1 billion in Q1 2009 and $3.3 billion during Q4 2008.(13) In Europe, Q2 2009 new issue volume registered at approximately EUR9.6 billion, up from EUR1.2 billion during Q1 2009, however, this figure was dominated by the EUR8.9 billion all pro-rata Heidelberg Cement loan.(14) We believe that the majority of both U.S. and European loan issuance was motivated by refinancing. Transactions brought to market tended to be highly rated and, in our view, attractively priced and structured, with features such as LIBOR floors.

Bond refinancing swaps and amendments contribute to improved loan performance: We believe two themes of Q2 2009 were the continued strength of the high yield bond markets and significant volume of refinancing swaps, maturity extensions and other amendments. In our view, high yield bond take-outs of institutional loans represented a key driver of loan performance during the second quarter. During Q2 2009, 10 obligors issued a total of $5.6 billion of bonds and used those proceeds to repay institutional loans.(15) Additionally, amendments to extend upcoming debt maturities were a prevalent feature in restructuring activity. Amendment activity was accompanied by significant pay-down and re-pricing activity; of the 206 amendments completed in the U.S. during 1H 2009, 20 or approximately 10% offered partial pay-downs in an average amount of 16% of the loan outstanding.(16) Finally, due to among other factors, the continued rally in secondary loan prices and increased corporate borrower access to high yield bond take-outs, the pace of below-par loan buybacks slowed noticeably during the second quarter with a volume of only $1.3 billion as compared with $5.1 billion during Q1 2009.(17)

Loan repayments increase in Europe: Repayments for issuers represented in the S&P European Loan Index rose to EUR1.6 billion during Q2 2009, up from a low of EUR412 million during Q1 2009. This level translated to a quarterly repayment rate of 1.1% (as of July 2, 2009), up from 0.3% at the end of Q1 2009. Q2 2009 U.S. institutional loan prepayments on the other hand, decreased to $16.0 billion, down from $21.2 billion during Q1 2009, amounting to a repayment rate of 2.8% for Q2 2009 based on the S&P/LSTA Leveraged Loan Index, versus 3.65% during Q1 2009.(18)

Key loan market challenges remain: Despite these positive loan market developments, we believe key challenges continue to loom on the horizon for the loan market. Firstly, to-date, high yield bond and broader capital markets access has generally been limited to the stronger, “blue-chip” leveraged loan issuers. Lower-tier companies, therefore, continue to face tight covenants and liquidity pressures, which could leave them vulnerable to future earnings volatility. Secondly, overall market leverage has increased 0.7x as of Q1 2009 to 3.9x, or as high as 5.0x adjusting for private names, as quarterly EBITDA fell by over 20%.(19) Finally, we believe margin contraction may continue to outpace cost-reduction activities leading to further interest coverage and leverage cushion erosion. These and other factors can be expected to have a negative effect on obligor and facility ratings, leading in turn to potential incremental O/C coverage erosion inside CLOs, including those in TFG’s investment portfolio.

CLO issuance volumes driven mainly by balance sheet securitizations: New issue CLO volumes remained weak during the second quarter of 2009, totaling approximately $22.8 billion in the U.S. and $95.6 billion in Europe, largely in balance sheet and Small and Medium Enterprise (”SME”) CLOs.(20) We believe that this trend will continue as in our view current financing costs may render arbitrage-driven transactions uneconomical.

Secondary CLO market may signal potential stabilization: The secondary CLO market, particularly in the U.S., experienced a positive trend shift during Q2 2009, on the heels of improved underlying loan prices, spread tightening in comparable asset classes, and increased risk appetite among market participants. JP Morgan estimates that more than $2.8 billion of CLO bid lists were announced since early May 2009 with $1.5 billion in the last two weeks of June.(19) Although the pick-up in traded volumes and price improvements in CLO debt may signal some near-term stabilization in the secondary CLO market, participants will likely pay close attention to the effect of senior CLO debt ratings downgrades and collateral performance on CLO market dynamics going forward.

TFG Outlook:

We anticipate that the remainder of 2009 will continue to be challenging for TFG and also characterized by significant potential performance volatility. Although a number of CLO performance drivers or metrics are stabilizing or improving (such as loan prices and O/C cushions), other drivers and metrics (such as defaults and losses) may continue to exert negative pressure on TFG’s investments. Furthermore, the interaction of the multiple factors affecting CLO performance, such as the size and carrying value of excess CCC and default baskets as well as LIBOR levels and volatility, may lead to material performance variation. We intend to continue to focus on the preservation of our existing investments during the remainder of the year and expect to evaluate any potential secondary CLO debt and/or equity investments on an opportunistic basis, as we seek to weigh their potential costs and benefits against our near-term goals.

Directors’ Statements:

The Directors of TFG confirm that (i) this Performance Report constitutes the TFG management review for the six month period ended 30 June 2009 and contains a fair review of that period and (ii) the financial statements in the accompanying unaudited interim report for the six month period ended 30 June 2009 for TFG have been prepared in accordance with applicable laws and in conformity with accounting principles generally accepted in the United States of America.

This Performance Report constitutes TFG’s half-yearly financial report as required pursuant to Section 5:25d of the Netherlands Financial Markets Supervision Act (Wet op het financieel toezicht, “FMSA”). Pursuant to Section 5:25d and 5:25m of the FMSA, this report is made public by means of a press release and has been filed with the Netherlands Authority for the Financial Markets (Autoriteit Financiele Marketen) and also made available to the public by way of publication on the TFG website (www.tetragoninv.com).

An investment in TFG involves substantial risks. Please refer to TFG’s website at www.tetragoninv.com for a description of the risks and uncertainties pertaining to an investment in TFG.

(1) TFG invests substantially all its capital through a master fund, Tetragon Financial Group Master Fund Limited (”TFGMF”), in which it holds 100% of the issued shares. Tetragon Financial Group LP (TFGLP), a U.S. “feeder fund”, has previously held an interest in TFGMF and accordingly, received a pro-rata allocation of the performance of TFGMF.

(2) The life-to-date net loss reserve is transaction-specific. It is calculated by subtracting the actual collateral loss for each transaction from the expected collateral loss, where the expected loss is a function of expected collateral size, TFG’s loss assumptions and the length of time the investment has been held.

(3) The Accelerated Loss Reserve like the life-to-date net loss reserve is transaction specific. Whereas the life-to-date net loss reserve is an adjustment embedded in TFG’s modeling assumptions, the Accelerated Loss Reserve is a direct adjustment to the fair value of an investment to account for the potential impact of certain losses and the cumulative value of such adjustments will be and is evidenced in TFG’s financial statements.

(4) The hurdle rate is reset each quarter using 3M USD LIBOR plus a spread of 2.647858%.

(5) Excludes CDO-squared and ABS CDO transactions which were written off in October 2007. TFG continues to hold the economic rights to four of these written-off transactions.

(6) Based on the most recent trustee reports available for our investments as of June 30, 2009.

(7) Excess Caa/CCC+ or below rated assets above the transaction specific permitted maximum holding levels are generally haircut in our transactions at market value for purposes of the over-collateralization and/or interest reinvestment test ratios.

(8) Weighted by the original USD cost of each investment.

(9) Source: S&P / LSTA Leveraged Commentary and Data, “Panolam cut to D; lender restructuring discussions continue,” July 6, 2009.

(10) Source: S&P / LSTA Leveraged Commentary and Data, “2Q09 Summary: Record returns (19.9%), slack volume ($14.8B),” June 29, 2009.

(11) Please note that the calculation of TFG’s lagging 12-month corporate loan default rate does not include certain underlying investment collateral that due to, among other things, the occurrence of an applicable issuer debt repurchase or exchange was assigned a “Selective Default” rating by one or more of the applicable rating agencies. Such Selected Defaults are included the S&P/LCD lagging 12-month U.S. institutional loan default rate discussed above. Furthermore, TFG’s investment portfolio includes approximately 22.9% CLOs with primary exposure to European broadly syndicated senior secured loans and such loans are included in the calculation of TFG’s corporate default rate.

(12) Source: S&P / LSTA Leveraged Commentary and Data, “Index Preview: Loans Return 4.38% in June,” July 1, 2009.

(13) Source: S&P / LSTA Leveraged Commentary and Data, “2Q09 Summary: Record returns (19.9%), slack volume ($14.8B),” July 1, 2009.

(14) Source: S&P / LSTA Leveraged Commentary and Data, “(EUR) 1H09 primary volume sporadic; maturity management in focus,” July 10, 2009.

(15) Source: S&P / LSTA Leveraged Commentary and Data, “2Q09 Summary: Record returns (19.9%), slack volume ($14.8B),” July 1, 2009.

(16) Source: S&P / LSTA Leveraged Commentary and Data, “Amendments ease in June; fewer loans left to fix,” July 1, 2009.

(17) Source: S&P / LSTA Leveraged Commentary and Data, “Amendments ease in June; fewer loans left to fix,” July 1, 2009.

(18) Source: S&P / LSTA Leveraged Commentary and Data, “(EUR) Repayments Jump in 2Q, Boosted by Partial Paydowns,” July 15, 2009.

(19) Source: Morgan Stanley Leveraged Finance Strategy Insights, June 19, 2009.

(20) Source: JP Morgan US Fixed Income Markets Weekly, “Collateralized Debt Obligations,” June 26, 2009. SME CLOs refer to CLOs backed by loans to small and medium enterprises. Quarterly Investor Call

We will host a conference call for investors on August 3, 2009 at 15:00 BST/16:00 CET/10:00 EDT to discuss Q2 2009 results and to provide a company update.

The conference call may be accessed by dialing +44-207-162-0025 and +1-334-323-6201 (a passcode is not required). Participants may also register for the conference call in advance by going to:

https://eventreg1.conferencing.com/webportal3/reg.html?Acc=084793&Conf =167129

(Due to the length of this URL, it may be necessary to copy and paste this hyperlink into your Internet browser’s URL address field. Remove the space if one exists.)

or by going to the TFG website, www.tetragoninv.com.

A replay of the call will be available for 30 days by dialing +44(0)20-7031-4064 and +1-954-334-0342, access code 839335 and as an MP3 recording on the TFG website.

Expected Upcoming Events Date Q2 Dividend Record Date August 04, 2009 July 2009 Monthly Report August 18, 2009 (approximate) Q2 Dividend Payment Date August 24, 2009 Performance Metrics and Drivers Performance Metrics Q3 2008 Q4 2008 Q1 2009 Q2 2009 EPS ($) (1) $0.39 ($1.48) ($3.29) ($0.21) DPS ($) $0.15 $0.03 $0.03 $0.03 Operating cost - income ratio 35.0% 13.6% 11.2% 6.2% Performance Drivers Q3 2008 Q4 2008 Q1 2009 Q2 2009 Number of investments (2) 61 61 61 61 Weighted Average IRR on completed transactions 16.9% 13.8% 10.6% 9.2% Net assets ($MM) $1,348 $1,142 $723 $693 Number of shares outstanding (million) 126.2 126.0 125.7 125.9 Net excess life-to-date loss accruals ($MM) (3) ($158.0) ($114.6) ($50.0) ($39.0) (1) 1H 2009 EPS was $3.51 (difference due to rounding). (2) Excludes CDO-squared and ABS CDO transactions written off in October 2007. TFG continues to hold the economic rights to 4 of these written-off transactions. (3) Net excess life-to-date loss accrual is deal specific. It subtracts the actual collateral loss from the expected loss, where the expected loss is a function of expected collateral size, TFG’s loss assumption and length of time the investment has been held. Consolidated Performance Statement of Operations Q3 Q4 Q1 Q2 2008 2008 2009 2009 ($MM) ($MM) ($MM) ($MM) Interest Income from Investments 53.5 53.1 47.6 49.6 Interest Income from Cash 1.0 0.1 0.1 0.0 Other Income 0.0 0.0 0.5 0.2 Investment Income 54.5 53.2 48.2 49.8 Management Fees (5.0) (5.0) (4.2) (2.7) Admin/ Custody and Other Fees (0.8) (1.0) (0.6) (0.5) Interest Expense (3.0) (1.3) (0.6) - Total Operating Expenses Excluding Performance Fee (8.8) (7.3) (5.4) (3.2) Net Investment Income 45.7 45.9 42.8 46.6 Realised and Unrealised Gains/(Losses) From Hedging 3.4 2.0 0.1 (2.1) Net Increase/(Decrease) in Unrealised Appreciation/(Depreciation) in Investments 10.0 (235.0) (457.2) (71.2) Net Realised and Unrealised Gains/(Losses) from Investments and FX 13.4 (233.0) (457.1) (73.3) Net Increase/(Decrease) in Net Assets From Operation Before Performance Fees 59.1 (187.1) (414.3) (26.7) Performance Fees (10.3) 0.0 0.0 0.0 Net Increase/(Decrease) in Net Assets from Operations 48.8 (187.1) (414.3) (26.7)

Unaudited Balance Sheet as at 30 June 2009 TFG TFG TFG Total Master Fund ($MM) ($MM) ($MM) Assets Investments in securities, at fair value 565.0 565.0 Cash and cash equivalents 123.8 123.8 Amounts due from brokers 8.4 8.4 Unrealised gain on forward contracts 4.0 4.0 Derivative Financial Assets - Call Options 0.6 0.6 Other receivables 0.0 0.0 Total Assets 701.8 0.0 701.8 Liabilities Unrealised loss on forward contracts 8.5 8.5 Other payables and accrued expenses 0.2 0.2 Total Liabilities 8.7 0.0 8.7 Net Assets 693.1 0.0 693.1

“For the full financial statements, please see our website at www.tetragoninv.com/tfg/investor/reports/quarterly”

Portfolio Composition Portfolio Held by Tetragon Financial Group Master Fund Limited (unless otherwise stated) As of June 30, 2009 Report Date TFG Share TFG group TFG No. of Closed Price ($) Market Cap group CLO ($MM)(1) Net Transactions Assets ($MM) 30 June 2009 $1.18 $152.6 $693.1 61(2) Capital Allocation Risk Capital Investment Investment Overall by Asset Class Allocation - Fair Value Amortized Leverage(5) ($MM)(3) Cost B/Fwd ($MM)(4) Broadly Syndicated Senior Secured Loans: US 53.5% $302.0 $627.5 Broadly Syndicated Senior Secured Loans: Europe 22.9% $129.2 $215.2 Middle Market Senior Secured Loans: US 23.7% $133.8 $177.0 CDOs Squared: US 0.0% $0.0 $0.0 ABS and Structured Finance: US 0.0% $0.0 $0.0 Total 100.0% $565.0 $1,019.7 0.82

Geographic Allocation by Asset Class USA Europe Asia Total Pacific Broadly Syndicated Senior Secured Loans 70.0% 30.0% 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% 77.1% 22.9% 0.0% 100.0% Top 15 Underlying Bank Loan Credits Bank Loan Exposure (6) Community Health 0.89% HCA Inc 0.84% TXU Corp 0.83% Georgia Pacific Corp 0.82% Univision Communications 0.74% Cablevision Systems Corp 0.62% Idearc 0.61% SunGard Data Systems Inc 0.61% Aramark Corp 0.57% Nielsen Company 0.56% First Data Corp 0.55% Ineos Group Plc 0.52% Calpine Corp 0.52% Mylan Laboratories 0.49% Celanese US Holdings LLC 0.49%

EUR-USD FX: 1.40

(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 4 of these written-off transactions.

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

(4) Investments at Amortized Cost less interest accrued since last payment date. Internal Rate of Return (IRR) x Amortized Cost B/Fwd determines CDO income.

(5) Equals CDO Amortized Cost BFwd / Book Value.

(6) 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 (net of any single name CDS hedges held against that credit).

An investment in TFG involves substantial risks. Please refer to the Company’s website at www.tetragoninv.com for a description of the risks and uncertainties pertaining to an investment in TFG.

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.

Board of Directors Paddy Dear Reade Griffith David Jeffreys* Lee Olesky* Rupert Dorey* Alex Jackson Byron Knief* *Independent Director Shareholder Information Registered Office of TFG Sub-Registrar and Transfer Agent and the Master Fund The Bank of New York Tetragon Financial Group Limited One Wall Street Tetragon Financial Group Master New York, NY 10286 Fund Limited United States of America Tudor House Le Bordage St. Peter Port, Guernsey Channel Islands GYI 3PF Issuing Agent, Dutch Paying and Transfer Agent Investment Manager Kas Bank N.V. Polygon Credit Management LP Spuistraat 172 399 Park Avenue, 22nd Floor 1012 VT Amsterdam, The Netherlands New York, NY 10022 United States of America Legal Advisor (as to U.S. law) Cravath, Swaine & Moore LLP One Ropemaker Street General Partner of London EC2Y 9HR Investment Manager United Kingdom Polygon Credit Management GP LLC 399 Park Avenue, 22nd Floor New York, NY 10022 United States of America Legal Advisor (as to Guernsey law) Ogier Investor Relations Ogier House David Wishnow / Yuko Thomas St. Julian’s Avenue ir@polygoninv.com St. Peter Port, Guernsey Channel Islands GYI 1WA Press Inquiries Finsbury Legal Advisor (as to Dutch law) Charles Chichester/Talia Druker/ De Brauw Blackstone Westbroek N.V. Rollo Head Tripolis +44-20-7251-3801 Burgerweeshuispad 301 1076 HR Amsterdam, The Netherlands Auditors KPMG Channel Islands Ltd 20 New Street Stock Listing St. Peter Port, Guernsey NYSE EuroNext Channel Islands GYI 4AN Administrator and Registrar State Street Fund Services (Guernsey) Limited Tudor House Le Bordage St. Peter Port, Guernsey Channel Islands GYI 3PF For further information, please contact: TFG: David Wishnow/Yuko Thomas Investor Relations ir@polygoninv.com Press Inquiries: Finsbury Charles Chichester/Talia Druker/Rollo Head +44-20-7251-3801

PRN NLD

Source: Tetragon Financial Group Limited

For further information, please contact: TFG: David Wishnow/Yuko Thomas, Investor Relations, ir at polygoninv.com. Press Inquiries: Finsbury, Charles Chichester/Talia Druker/Rollo Head, +44-20-7251-3801