SWEF: Dealings by Investment Adviser

12 February 2021

Starwood European Real Estate Finance Limited: Dealings by Investment Adviser

The Company announces the purchase of 116,667 and 22,585 ordinary shares respectively in the capital of the Company ("Ordinary Shares") by Duncan MacPherson and Lorcain Egan of Starwood Capital Europe Advisers LLP, the Investment Adviser to the Company, at an average price of 88.56 pence and 88.55 pence per Ordinary Share respectively. Following these transactions, Mr. MacPherson has an interest in 250,000 Ordinary Shares and Mr. Egan has an interest in 83,678 Ordinary Shares.

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Notes:

Starwood European Real Estate Finance Limited is an investment company listed on 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. www.starwoodeuropeanfinance.com.

The Group 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.