Starwood European Real Estate Finance Limited

(the “Company”)

Transaction in Own Shares

The Company announces that it has purchased (through Jefferies International Limited acting as the Company's broker) the following number of its ordinary shares of 1p nominal value each on the London Stock Exchange, to be held in treasury.

Following the purchase of these shares, the Company will have 413,219,398 shares in issue. The Company holds 15,998,579 shares in treasury. Therefore, the total number of voting rights in the Company is 397,220,819, which may be used by shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

For further information, please contact:

Buchanan        +44 (0) 20 7466 5000

Helen Tarbet        +44 (0) 07788 528143

Henry Wilson

Hannah Ratcliff

Notes:

Starwood European Real Estate Finance Limited is an investment company listed on the premium segment of the main market of the London Stock Exchange with an investment objective to provide Shareholders with regular dividends and an attractive total return while limiting downside risk, through the origination, execution, acquisition and servicing of a diversified portfolio of real estate debt investments in the UK and the wider European Union's internal market. .

The Company is the largest London-listed vehicle to provide investors with pure play exposure to real estate lending.

The Group's assets are managed by Starwood European Finance Partners Limited, an indirect wholly-owned subsidiary of the Starwood Capital Group.