Starwood Eur Regulatory News (SWEF)

24 November 2014

The following amendment has been made to the NAV announcement released on 21 November 2014. under RNS No.7330X.

The original announcement omitted to state that the Company's net asset value at 31 October 2014 had been calculated on an ex-dividend basis.

All other details remain unchanged.

Starwood European Real Estate Finance Limited

(the "Company") (Ticker: "SWEF")

Net Asset Value, 31 October 2014

As at the close of business on 31 October 2014, the unaudited net asset value of the Company's Ordinary Shares was 98.69p. Further to an announcement released on 27 October 2014, please note this NAV has been calculated on an ex-dividend basis

Capital amounts advanced as at 31 October 2014 and amounts committed but undrawn as at 31 October 2014 is shown below.

* Euro amounts drawn and commitments converted at the month end spot rate. The difference between amounts drawn in the table above and "Loans advanced" in the first table is accrued income.

Enquiries:

Ipes (Guernsey) Limited

Gillian Newton

T: +44 1481 713869

E: Gillian.Newton@ipes.com