BRIEF

on Starwood European Real Estate Finance Ltd (isin : GG00B79WC100)

SWEF: Sixth Capital Distribution

Starwood European Real Estate Finance Limited (SWEF) has announced its sixth capital distribution of £80 million. This distribution is primarily funded by significant repayments received in Q2 2024 and additional cash. In total, £64.1 million, over 28% of the Company's total funded loan portfolio as of 31 March 2024, was repaid across four investments.

The Board decided on a compulsory partial redemption of shares at £1.0492 per share. This will be executed pro rata to holdings on the share register as of 25 July 2024. Around 28.22% of the Company's issued share capital will be redeemed. Payments are expected by 31 July 2024 through CREST or by cheque.

The redemption of the shares will result in their cancellation, making them non-transferable. The existing ISIN, GG00BRC3R375, will expire and a new ISIN, GG00BPLZ2K28, will be enabled from 26 July 2024. The share price TIDM will remain “SWEF.L”.

John Whittle, Chairman of SWEF, commented on the strong progress in returning capital to shareholders. This follows £45 million in distributions made in Q1 2024. SWEF continues to manage eight loan investments in its portfolio.

R. E.

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