Annaly Capital Management, Inc. Announces Public Offering of Common Stock

Annaly Capital Management, Inc. (NYSE: NLY) (the “Company” or “Annaly”) today announced that it intends to make a public offering of 100,000,000 shares of its common stock.

In connection with the offering, Annaly intends to grant the underwriters a thirty-day option to purchase up to an additional 15,000,000 shares of common stock.

Annaly intends to use the net proceeds of this offering to acquire targeted assets under the Company’s capital allocation policy, which may include further diversification of its investments in Agency assets as well as residential credit assets. These investments include, without limitation, Agency MBS pools, to-be-announced forward contracts, mortgage servicing rights and residential credit assets (including residential mortgage loans). Annaly also intends to use the net proceeds for general corporate purposes, including, without limitation, to pay down obligations and other working capital items.

Goldman Sachs & Co. LLC, Barclays, BofA Securities, J.P. Morgan, RBC Capital Markets, UBS Investment Bank and Wells Fargo Securities are acting as joint book-running managers and Loop Capital Markets and Roberts & Ryan are acting as co-managers for the offering.

The offering is being conducted pursuant to the Company’s currently effective shelf registration statement, which was previously filed with the Securities and Exchange Commission (the “SEC”). A preliminary prospectus supplement related to the offering and the accompanying prospectus can be obtained from the SEC. Before you invest in the offering, you should read the prospectus supplement and the accompanying prospectus and other documents Annaly has filed with the SEC for more complete information about Annaly and the offering. You may obtain these documents for free by visiting EDGAR on the SEC website at http://www.sec.gov. Alternatively, copies of these documents may be obtained by contacting:

Goldman Sachs & Co. LLC
Attention: Prospectus Department
200 West Street
New York, NY 10282
Telephone: [phone]
Or by email: [e-mail]

This press release does not constitute an offer to sell or the solicitation of an offer to buy shares of common stock, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.