This press release contains ”forward-looking statements” within the meaning of the Safe Harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations, estimates and forecasts, and readers should therefore not rely on these forward-looking statements to predict future events. Words such as ”expect,” ”target,” ”accept,” ”estimate,” ”project,” ”budget,” ”forecast,” ”anticipate,” ”plan,” ”may,” ”could,” ”could,” ”should,” ”believe,” ”anticipate,” ”potential,” ”continue,” and similar expressions must identify such forward-looking statements. These statements include, among other things, those relating to the termination of the administrative agreement, the expectation of the company to retain its management and staff, and the transfer of all functions necessary for the indefactive operation of the company. These forward-looking statements involve significant risks and uncertainties that could lead to a significant deviation from expected results. Two Harbor Investments Sued Under the Management Agreement The press release states that the agreement expires on August 14, 2020. PrCM will not pay a termination fee as part of the termination, Two Harbors said. Previously, two had decided not to renew the administrative agreement on the basis of an undue compensation that PRCM had to pay, which meant that the agreement should have ended on September 19, 2020 with a termination fee of $144 million. Certain items in this Report on Form 8-K, including the press release below in Appendix 99.1, may constitute ”forward-looking statements” within the meaning of the provisions of the U.S. Private Securities Litigation Reform Act of 1995.

Actual results may differ from expectations, estimates and forecasts, and readers should therefore not rely on these forward-looking statements to predict future events. Words such as ”expect,” ”target,” ”accept,” ”estimate,” ”project,” ”budget,” ”forecast,” ”anticipate,” ”plan,” ”may,” ”could,” ”could,” ”should,” ”believe,” ”anticipate,” ”potential,” ”continue,” and similar expressions must identify such forward-looking statements. These statements include, among other things, those relating to the company`s expectations, namely that the company will be able to maintain its senior managers and other employees and ensure a smooth transition after the end of the management agreement, and that the non-renewal of the management agreement and the transition to a stand-alone structure are up to the profit. , will reduce the company`s costs and expenses, create the potential for higher returns in terms of future capital growth, further strengthen the focus of the management team`s interests and the interests of the company and its shareholders, and make investment in the business more attractive to some investors.