TR-1: Notifications of Major Interests in Shares

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

Third Point Offshore Investors Limited

2. Reason for notification (yes/no)

An acquisition or disposal of voting rights

YES

An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached 

An event changing the breakdown of voting rights

Other (please specify): 

3. Full name of person(s) subject to notification obligation:

1. Third Point LLC.

2. Daniel Loeb.

3. Third Point Offshore Master Fund L.P. 

4. Third Point Opportunities Master Fund L.P.

4. Full name of shareholder(s) (if different from 3):

Goldman Sachs & Co. for all shares except 42,500 USD shares

Chase Nominees Ltd for 42,500 USD shares

5. Date of transaction (and date on which the threshold is crossed or reached if different):

Transaction and 5% threshold crossed for Third Point Offshore Master Fund L.P. on 1 January 2009

5% threshold crossed for Third Point LLC, Daniel Loeb and Third Point Opportunities Master Fund on 14 January 2008 (as previously notified)

6. Date on which issuer notified:

5 January 2009

7. Threshold(s) that is/are crossed or reached:

5% 

8: Notified Details

A: Voting rights attached to shares

Class/type of shares

If possible use ISIN code

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of shares

Number of voting rights

Number of shares

Number of voting rights

Percentage of voting rights

Direct

Indirect

Direct

Indirect

On 1 January 2009, Third Point Offshore Fund Limited transferred its interest in shares to Third Point Offshore Master Fund L.P. Third Point Offshore Master Fund L.P. was not interested in the shares prior to the transaction. Third Point LLC and Daniel Loeb were interested in these shares before and after the transaction - see box 9.

USD - 

GG00B1YQ7219

4,301,370

4,301,370

4,301,370

4,301,370

4.853%

(the interest of Third Point Offshore Master Fund L.P. is direct and the interests of Third Point LLC and     Daniel Loeb are indirect - see box 9 below)

USD - 

GG00B1YQ7219

300,000

300,000

300,000

300,000

0.338%

(the interest of Third Point Opportunities Master Fund L.P. is direct and the interests of Third Point LLC and Daniel Loeb are indirect - see box 9 below)

USD - 

GG00B1YQ7219

42,500

42,500

42,500

42,500

0.048%

(Daniel Loeb is the beneficial owner of these shares - see box 9 below)

EUR - 

GG00B1YQ6Y64

1,511,000

2,266,500

1,511,000

2,266,500

2.557%

(the interest of Third Point Offshore Master Fund L.P is direct and the interests of Third Point LLC and Daniel Loeb are indirect - see box 9 below)

B: Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date

Exercise/ conversion period/date 

No. of voting rights that may be acquired (if the instrument exercised/converted)

Percentage of voting rights

N/A

N/A

N/A

N/A

N/A

Total (A+B)

Number of voting rights

Percentage of voting rights

6,910,370   

7.796%

9. Chain of controlled undertakings through which the voting rights and /or the financial instruments are effectively held, if applicable:

Third Point LLC is the discretionary manager of various discretionary managed accounts including Third Point Offshore Master Fund L.P. and Third Point Opportunities Master Fund L.P., and therefore indirectly controls 6,112,370 shares and 7.748% of the total voting rights (1,511,000 EUR shares and 4,601,370 USD shares).  Daniel Loeb wholly owns Third Point LLC. Daniel Loeb is also the beneficial owner of 42,500 USD shares in his personal capacity.

On 1 January 2009, Third Point Offshore Fund Limited transferred its interest in shares to Third Point Offshore Master Fund L.P. (Third Point Offshore Master Fund Limited is wholly owned (other than nominal general partner interests) by Third Point Offshore Fund Limited.) As Third Point LLC is also the discretionary manager of Third Point Offshore Fund Limited, the aggregate interests of Third Point LLC and Daniel Loeb have not changed, although they are now held through a different chain of controlled undertakings.

Proxy Voting:

10. Name of proxy holder:

N/A

11. Number of voting rights proxy holder will cease to hold:

N/A

12. Date on which proxy holder will cease to hold voting rights:

N/A

13. Additional information:

Form resubmitted on 6 January 2009 to correct a typographical error and column formatting in box 8 above

14 Contact name:

William Song

15. Contact telephone name:

+ 1 (212) 224-7400