23 October 2018

Starwood European Real Estate Finance Limited: Dividend Declaration

This announcement contains price sensitive information.

Starwood European Real Estate Finance Limited (the "Company") has declared a dividend in respect of the third quarter of 1.625 pence per Share, payable on 16 November 2018 to Shareholders on the register at 2 November 2018. The ex-dividend date will be 1 November 2018.

For further information, please contact:

Ipes (Guernsey) Limited as Company Secretary

Sarah Newton

T: +44 1481 735810

Notes:

Starwood European Real Estate Finance Limited is an investment company listed on the main market of the London Stock Exchange with an investment objective to provide Shareholders with regular dividends and an attractive total return while limiting downside risk, through the origination, execution, acquisition and servicing of a diversified portfolio of real estate debt investments in the UK and the wider European Union's internal market. www.starwoodeuropeanfinance.com.

The Group is the largest London-listed vehicle to provide investors with pure play exposure to real estate lending.

The Group's assets are managed by Starwood European Finance Partners Limited, an indirect wholly-owned subsidiary of the Starwood Capital Group.