Recent Investment Announcement

FOR IMMEDIATE RELEASE

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES, ANY MEMBER STATE OF THE EUROPEAN ECONOMIC AREA (OTHER THAN THE REPUBLIC OF IRELAND), AUSTRALIA, CANADA, SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DO SO.

10 July 2026

EJF Investments Ltd

("EJFI" or the "Company")

Recent Investment Announcement

The Board of EJF Investments Ltd ("EJFI"), which provides investors exposure to a diversified portfolio of regulated debt issued by smaller US banks and insurance companies and participation in certain management fee income streams of EJF Capital ("EJF"), is pleased to announce that on 9 July 2026, the Company via its subsidiary invested in the CDO Equity Tranche of TruPS Financials Note Securitization 2026-3 ("TFINS 2026-3"), a securitisation sponsored by EJF. This represents the sixteenth risk retention investment made by the Company since its inception in 2017 and third such investment of 2026.

The Company's total investment in TFINS 2026-3 was approximately $14.9m (c.11% of the Company's latest reported NAV). The Manager expects that the investment in TFINS 2026-3 will generate an approximate yield to maturity of c.14%.

The underlying collateral of TFINS 2026-3 mainly consists of trust preferred securities and subordinated debt issued by 61 US bank and 8 insurance company unique issuers with an aggregate par value of approximately $327.9 million. TFINS 2026-3 has a final maturity date in 2039 and is callable after July 2028 at the option of the CDO Equity Tranche holders.

EJF CDO Manager LLC (the "CDO Manager") will serve as the collateral manager for TFINS 2026-3 and will earn an annual collateral management fee equal to 0.30% of the notional value of the performing collateral, payable quarterly. The Company will benefit from the economics generated by the CDO Manager through the Company's 49% ownership interest in the CDO Manager.

ENQUIRIES

For the Manager / Investment Manager

EJF Investments Manager LLC

Mungo Hargreaves / Jay Ghatalia

MHargreaves@ejfcap.com / jghatalia@ejfcap.com

+44 203 752 6775 / +44 203 752 6776

For the Company Secretary and Administrator

Apex Financial Services (Alternative Funds) Limited ejficosec@apexgroup.com

+44 203 3828 2283

For the Broker

Panmure Liberum

Darren Vickers

ejfinvestments@panmureliberum.com

+44 203 100 2222

Barclays Bank PLC

Dion Di Miceli/James Atkinson BarclaysInvestmentCompanies@barclays.com

+44 207 623 2323

About EJF Investments Ltd

EJFI's objective is to provide shareholders with attractive risk adjusted returns through regular dividends and capital growth over the long term. EJFI generates exposure primarily to a diversified portfolio of loans issued by financial institutions and related or similar assets in the U.S., U.K. and Europe.

EJFI currently invests primarily in CDO Equity Tranches structured by an affiliate of EJF Capital LLC, providing levered exposure to a highly diversified portfolio of securities issued by U.S. financial institutions (banks and insurance companies), these being Risk Retention Investments.

EJFI is a registered closed-ended limited liability company incorporated in Jersey under the Companies (Jersey) Law 1991, as amended, on 20 October 2016 with registered number 122353. The Company is regulated by the Jersey Financial Services Commission (the "JFSC"). The JFSC is protected by both the Collective Investment Funds (Jersey) Law 1988 and the Financial Services (Jersey) Law 1998, as amended, against liability arising from the discharge of its functions under such laws.

The JFSC has not reviewed or approved this announcement.

LEI: 549300XZYEQCLA1ZAT25

Investor information & warnings

The latest available information on the Company can be accessed via its website at www.ejfi.com.

This communication has been issued by, and is the sole responsibility of, the Company and is for information purposes only. It is not, and is not intended to be an invitation, inducement, offer or solicitation to deal in the shares of the Company. The price and value of shares in the Company and the income from them may go down as well as up and investors may not get back the full amount invested on disposal of shares in the Company. An investment in the Company should be considered only as part of a balanced portfolio of which it should not form a disproportionate part. Prospective investors are advised to seek expert legal, financial, tax and other professional advice before making any investment decision.