Crexus Investment Corp. Board of Directors Under Investigation for Potential Breaches of Fiduciary Duty by Glancy Binkow &

  Crexus Investment Corp. Board of Directors Under Investigation for Potential
  Breaches of Fiduciary Duty by Glancy Binkow & Goldberg LLP

Business Wire

LOS ANGELES -- November 13, 2012

Glancy Binkow & Goldberg LLP announces that it is investigating potential
claims against the Board of Directors of Crexus Investment Corp. (“Crexus” or
the “Company”) (NYSE: CXS) related to the proposed acquisition of the Company
by Annaly Capital Management. The transaction is valued at approximately $839
million or $12.50 per share.

This investigation concerns the Board of Directors’ process for consideration
of the proposed acquisition, and whether Crexus is acting in its shareholders’
best interests. The Company has seen substantial recent growth. Further, at
least one analyst has set a target price for the Company’s stock at $13.00 per
share.

If you are a shareholder of Crexus, if you have information or would like to
learn more about our investigation, or if you wish to discuss these matters or
have any questions concerning this announcement or your rights or interests
with respect to these matters, please contact Louis Boyarsky, Esquire, Glancy
Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, CA
90067, by telephone at (310) 201-9150 or Toll Free at (888) 773-9224 or by
email to shareholders@glancylaw.com.

This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.

Contact:

Glancy Binkow & Goldberg LLP
Louis Boyarsky, Esquire
310-201-9150 or Toll Free: 888-773-9224
shareholders@glancylaw.com