Spirit Realty Capital, Inc. Announces Public Offering of 8,000,000 Shares of Common Stock - Seite 2

Pursuant to the terms of the forward sale agreement and any additional forward sale agreement, and subject to its right to elect cash or net share settlement, the Company intends to issue and sell, upon physical settlement of the forward sale agreement or such additional forward sale agreement up to an aggregate of 8,000,000 shares of common stock (or an aggregate of up to 9,200,000 shares of common stock if the underwriters exercise their option to purchase additional shares in full) to the forward purchaser. The Company expects to physically settle the forward sale agreement in full and any additional forward sale agreement on one or more dates no later than 18 months from the date of the prospectus.

The Company will not initially receive any proceeds from the sale of shares of its common stock by the forward purchaser. The Company intends to contribute any cash proceeds that it receives upon settlement of the forward sale agreement and any additional forward sale agreement to its operating partnership, which intends to use such proceeds to fund potential property acquisitions and for general corporate purposes, which may include repaying or repurchasing indebtedness (including amounts outstanding from time to time under its revolving credit facility and term loan facility), working capital and capital expenditures.

All of the shares of common stock will be offered under the Company’s effective shelf registration statement filed with the Securities and Exchange Commission (“SEC”). A preliminary prospectus supplement and accompanying prospectus relating to the offering will be filed with the SEC and will be available on the SEC’s website. When available, a copy of the preliminary prospectus supplement and accompanying prospectus relating to the offering may be obtained from J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, Telephone: [phone]; SunTrust Robinson Humphrey, Inc., 3333 Peachtree Road NE, 9^th Floor, Atlanta, Georgia 30326, Attention: Prospectus Department, Telephone: [phone]; Email: [e-mail]; or by visiting the EDGAR database on the SEC’s web site at www.sec.gov.