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 22 May 2015 the Company repurchased 50,000 of its ordinary shares at a price of 34.75p per share, representing approximately 0.07 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 73,338,709 ordinary shares outstanding with voting rights.

For further information please contact:

International Administration Group (Guernsey) Limited

Company Secretary

+44 (0)1481 723450

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