^{(1) Investment returns are calculated monthly and compounded to calculate the annual returns. Actual investment income may vary depending on cash flows into or out of the investment account. Past performance is not necessarily indicative of future results.
(2) The annual performance calculation for 2013 includes the monthly performance returns for the entire calendar year although the monthly returns are only displayed from the time of the TPRE Initial Public Offering in August 2013.}

All information provided herein has been prepared by Third Point LLC at the request of Third Point Reinsurance Ltd. (“TP Re”). Sector and geographic categories are determined by Third Point LLC in its sole discretion. All P&L and performance results are based on the net asset value of the two investment accounts of TP Re prior to the transition date of August 31, 2018 and the investment in the Third Point Enhanced LP and collateral assets from the date of transition (together, the "Accounts") 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. Performance allocation is accrued monthly but deducted annually. 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. See additional information regarding risk factors in our public filings with the Securities and Exchange Commission. This communication does not constitute an offer to sell or the solicitation of an offer to purchase any security or investment product.