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August 11, 2009

Dear Investor in Atticus Global, Ltd. and Atticus Global, LP:

I am writing to inform you of my decision to close the funds I manage, including Atticus
Global, Ltd. and Atticus Global, LP (together, the “Atticus Global Fund”). This decision
will come as a surprise to most of you, especially given that we have received
redemptions of less than 5% of capital and your loyal support over the past 15 years.

I have used the market’s recent strength to begin liquidating a significant amount of our
holdings. We currently expect that the portfolio will be fully liquidated by September 30th
and that we will be in a position to return approximately 95% of your capital in early
October. The balance of investor capital will be returned after the final audit is
completed, which should be later this year.

My decision is solely a personal one. After fifteen years of being singularly focused on
building and managing Atticus, I believe it is time to reassess my future. I intend to
spend more time with my family, pursue my philanthropic interests and establish a family
office to manage my own capital and charitable foundation.

Atticus (the management company) will continue to operate, and the Atticus partnership
will remain intact. In addition, it is my partner David Slager’s intention to continue to
manage the Atticus European Fund.

I founded Atticus in 1995 and launched our first fund in January 1996 with less than $6
million under management. The Atticus Global strategy was launched in December 1996
and has compounded investor’s capital at over 19% net annually since inception.1 I am
very proud of the Atticus Global track record and our net returns through July 2009 are
shown below:

Atticus Global S&P 500

1 year -13.3% -20.0%
3 year 0.8% -6.2%
5 year 9.3% -0.1%
10 year 13.6% -1.2%
Inception 19.3% 3.9%
Cumulative 835.3% 62.3%

The Atticus Global Fund was formed in April 1999. The statistics set forth in this letter include the period
from the inception of the Atticus Global strategy in December 1996 as a managed account.
I am also very proud of Atticus’ overall investment results: from the inception of our first
fund in January 1996 through July 2009, funds managed by Atticus have generated
almost $7 billion of profits for our investors.

I have been blessed with great investors, partners, employees, and a lot of good luck. I
am thankful and sincerely appreciative of the trust and confidence you have placed in me
and our organization.


/s/ Timothy R. Barakett

Timothy R. Barakett
Founder, Chairman & CEO