27 January 2015

Replaces RNS 1823D

Amendment to net asset value from 100.04p to 100.08p

Starwood European Real Estate Finance Limited

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

Net Asset Value, 31 December 2014

As at the close of business on 31 December 2014, the unaudited net asset value of the Company's Ordinary Shares was 100.08p    

Capital amounts advanced as at 31 December 2014 and amounts committed but undrawn as at 31 December 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