Overseas Fund, Ltd.

Fund Investment Objectives

Scoggin Overseas Fund, Ltd. (Scoggin Overseas) is a global, opportunistic, multi-strategy event fund focused on identifying fundamental long/short investments. Scoggin Overseas carries out its investment objective through the Scoggin International Fund, Ltd (the Master Fund, collectively with Scoggin Overseas, the Fund). The Fund invests in three primary strategies including event driven equities, special situations and distressed credit opportunities. The Fund's Investment Manager employs a research-intensive, bottom up approach to building the portfolio while adhering to a conservative risk profile. The investment objective of the Fund is to maximize capital appreciation while investing across the entire capital structure with minimal leverage. The Fund has historically achieved attractive, absolute non- correlated returns with significant out-performance even during periods of extreme market dislocations. The Fund's actual Inception date is January 7, 2000.