Transaction in Own Shares

Duet Real Estate Finance Limited

(the "Company")

Repurchase of Shares

Duet Real Estate Finance Limited (LSE: DREF), a registered closed-ended investment company incorporated in Guernsey, announces that on 28 March 2013 the Company repurchased 35,000 of its ordinary shares at an average price of 86.1429 pence per share (maximum price of 86.5 pence and minimum price of 86 pence) representing approximately 0.05 per cent of the Company's current issued ordinary share capital.

The repurchased ordinary shares will be cancelled immediately, following which the Company will have 75,012,609 ordinary shares outstanding with voting rights.

For further information please contact:

International Administration Group (Guernsey) Limited

Company Secretary

+44 (0)1481 723450