15 April 2013

Starwood European Real Estate Finance Limited

(the "Company")

Director Declaration

In compliance with Listing Rule 9.6.14(2), the Company announces that Jonathan Bridel, a Non-Executive Director, has informed the Company of his appointment to the Board of Aurora Russia Limited as a Non-Executive Director, with effect from 12 April 2013.

Aurora Russia Limited is a Guernsey registered closed ended investment company listed on the Alternative Investment Market ('AIM') of the London Stock Exchange.

Enquiries:

Ipes (Guernsey) Limited

John Ellman-Brown   

T: +44 1481 713843       

Notes:

Starwood European Real Estate Finance 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 Continental European markets. www.starwoodeuropeanfinance.com