Starwood Eur Regulatory News (SWEF)

29 September 2015

Starwood European Real Estate Finance Limited

("SWEF" or the "Company")

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS

1. Name of company

Starwood European Real Estate Finance Limited

2. State whether notification is in respect of a transaction notified in accordance with DTR3.1.4R(1)(a), DTR3.1.4R(1)(c) or DTR3.1.4R(1)(d)

DTR3.1.4R (1) (a)

3. Name of director

Stephen Smith

4. State whether notification relates to a person(s) connected with a person discharging managerial responsibilities/director named in 3 above and identify the connected person(s)

N/A

5. Indicate whether notification is in respect of a holding of the person named in 3 or 4 above or in respect of a non-beneficial interest

As in 3 above

6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares

Ordinary shares of no par value

7. Name of the registered shareholder(s) and, if more than one holder, the number of shares held by each of them (if notified)

As in 3 above

8. State the nature of the transaction.

Acquisition of ordinary shares of no par value

9. Number of shares, debentures or financial instruments relating to shares acquired

38,929 ordinary shares

10. Percentage of issued class acquired (any treasury shares of class should not be taken into account when calculating percentage)

0.012%

11. Number of shares, debentures or financial instruments relating to shares disposed

N/A

12. Percentage of issued class disposed (any treasury shares of class should not be taken into account when calculating percentage)

N/A

13. Price per share or value of transaction

102.75p per ordinary share

14. Date of transaction

29 September 2015

15. Total holding and total percentage holding of issued class following this notification (any treasury shares of class should not be taken into account when calculating percentage)

78,929 ordinary shares/0.026%

16. Date Company informed

24 September 2015

If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes

17. Date of grant

N/A

18. Period during which or date on which exercisable

N/A

19. Total amount paid (if any) for grant of the option

N/A

20. Description of shares or debentures involved (class and number)

N/A

21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise

N/A

22. Total number of shares or debentures over which options held following notification

N/A

23. Any additional information

N/A

24. Name of contact and telephone number for queries

Ipes (Guernsey) Limited +44 1481 713843

Faye Brouard

END