Net Asset Value(s)

RNS Number : 5137G

Starwood European Real Estate Finan

20 November 2015

Starwood European Real Estate Finance Limited

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

Net Asset Value, 31 October 2015

As at the close of business on 31 October 2015, the unaudited net asset value of the Company's Ordinary Shares was 99.47p. Further to an announcement released on 22 October 2015, please note this NAV has been calculated on an ex-dividend basis.

Loans advanced

£274.7m

Financial Assets at fair value through Profit or Loss

£9.8m

Cash and Cash Equivalents

£25.4m

Borrowing Facilities

£(0.6m)

Other Net Assets/Liabilities

£(6.7m)

Net Assets

£302.6m

Capital amounts drawn as at 31 October 2015 and amounts committed but undrawn as at 31

October 2015 is shown below.

Local Currency

Sterling*

Amounts drawn £m

£175.3m

Amounts drawn €m

€92.3m

£66.2m

Amounts drawn Kr.m

Kr327.36m

£31.3m

Committed but undrawn Loans £m

£5.2m

Committed but undrawn Loans €m

€4.9m

£3.5m

Committed but undrawn Loans Kr.m

Kr22.95m

£2.2m

* Euro and Danish Krone 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.