Subject: FW: Third Point February Monthly Report
From: "Arlene Busch" <[email-masked]>
To: "Eric Schwerin" <[email-masked]>, "Hunter Biden" <[email-masked]>
Cc: "Joan Peugh" <[email-masked]>
Date: Fri, 2 Mar 2012 10:23:09 -0500

Greg and Larry should be happy with results…

Arlene Busch

202-333-1880

[email-masked]

*From:* Third Point Investor Relations [mailto:[email-masked]]
*Sent:* Thursday, March 01, 2012 6:32 PM
*To:* [email-masked]
*Subject:* Third Point February Monthly Report

Dear Investor,

Please find the February 2012 report of funds managed by Third Point LLC.

*February*

*2012*

Third Point Offshore Fund, Ltd.

+1.0%

+4.9%

Third Point Partners L.P.

+1.1%

+5.4%

Third Point Partners Qualified L.P.

+0.9%

+4.4%

Third Point Ultra Ltd.

+1.6%

+7.5%

Sincerely,

Investor Relations
Third Point LLC Email <../portal/_bwid_1043930/_rs_>
390 Park Avenue
New York, New York 10022
Tel  212-224-7416
Fax 212-318-3851
Email: [email-masked]

Performance results are based on the net asset value of fee paying
investors only and are presented net of management fees, brokerage
commissions, administrative expenses, and accrued performance allocation,
if any, and include the reinvestment of all dividends, interest, and
capital gains.  The performance above represents fund-level returns, and is
not an estimate of any specific investor’s actual performance, which may be
materially different from such performance depending on numerous factors.
All performance results are estimates and should not be regarded as final
until audited financial statements are issued. Past performance is not
necessarily indicative of future results.  All information provided herein
is for informational purposes only and should not be deemed as a
recommendation to buy or sell securities.  All investments involve risk
including the loss of principal.  This transmission is confidential and may
not be redistributed without the express written consent of Third Point LLC
and does not constitute an offer to sell or the solicitation of an offer to
purchase any security or investment product.  Any such offer or
solicitation may only be made by means of delivery of an approved
confidential offering memorandum