12 October 2017

Starwood European Real Estate Finance Limited

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

Net Asset Value, 30 September 2017

This announcement contains price sensitive information.

As at the close of business on 30 September 2017, the unaudited cum-dividend net asset value of the Company's Ordinary Shares was 101.45p.

Capital amounts drawn as at 30 September 2017 and amounts committed but undrawn as at 30 September 2017 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 as Company Secretary

Jon Jehan

T: +44 1481 735814

E: Jon.Jehan@ipes.com