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ARMOUR Residential REIT, Inc. Reports Estimated Results and Selected Financial Data for Q4 2012

ARMOUR Residential REIT, Inc. Reports Estimated Results and Selected Financial
Data for Q4 2012

VERO BEACH, Fla., Feb. 13, 2013 (GLOBE NEWSWIRE) -- ARMOUR Residential REIT,
Inc. (NYSE: ARR, ARR PrA, and ARR PrB; NYSE MKT: ARR.WS) ("ARMOUR" or the
"Company") today announced the preliminary estimated results and selected
financial data provided below for the quarter ended December 31, 2012 and as
of December 31, 2012.

  *The Company expects to report taxable REIT income per share for the
    quarter and year ended December 31, 2012 in an amount that approximates
    dividends paid of $0.27 and $1.20 per share, respectively, for such
    periods.
  *Q4 2012 GAAP earnings of $114.0 million to $117.0 million, or $0.36 to
    $0.38 on a per diluted common share basis.
  *December 31, 2012 book value (shareholders' equity) of $7.28 to $7.30 per
    diluted common share.
  *As of December 31, 2012, there were 309,013,984 common shares and
    2,005,611 Series A Preferred shares outstanding.
  *As of February 12, 2013, there were 309,045,797 common shares, 2,180,572
    Series A Preferred shares and 5,400,000 Series B Preferred shares
    outstanding.The Company estimates that its current book value
    (shareholders' equity) is $6.70 to $6.76 per diluted common share.

The preliminary estimated GAAP earnings and book value, as well as taxable
REIT income, are subject to revision as we finalize our financial statements
for the year ended and as of December 31, 2012, including all disclosures
required by GAAP, and as our auditors conduct their audit of these financial
statements. Factors that could cause these preliminary estimates to differ
include, but are not limited to: (i) additional adjustments in the calculation
of financial results for, or portfolio values as of, the year-end date, or the
application of accounting principles, (ii) discovery of new information that
alters expectations about fourth quarter and year end results or impacts
valuation methodologies underlying these results, (iii) errors in the
assessment of portfolio value, and (iv) accounting changes required by GAAP.

ARMOUR Residential REIT, Inc.

ARMOUR is a Maryland corporation that invests primarily in hybrid adjustable
rate, adjustable rate and fixed rate residential mortgage backed securities.
These securities are issued or guaranteed by U.S. Government-chartered
entities. ARMOUR is externally managed and advised by ARMOUR Residential
Management LLC. ARMOUR Residential REIT, Inc. intends to qualify and has
elected to be taxed as a REIT under the Internal Revenue Code for U.S. federal
income tax purposes.

Safe Harbor

This press release includes "forward-looking statements" within the meaning of
the safe harbor provisions of the United States Private Securities Litigation
Reform Act of 1995.Actual results may differ from expectations, estimates
and projections and, consequently, you should not rely on these forward
looking statements as predictions of future events.Words such as "expect,"
"estimate," "project," "budget," "forecast," "anticipate," "intend," "plan,"
"may," "will," "could," "should," "believes," "predicts," "potential,"
"continue," and similar expressions are intended to identify such
forward-looking statements.These forward-looking statements involve
significant risks and uncertainties that could cause the actual results to
differ materially from the expected results. Additional information concerning
these and other risk factors are contained in the Company's most recent
filings with the Securities and Exchange Commission ("SEC").All subsequent
written and oral forward-looking statements concerning the Company are
expressly qualified in their entirety by the cautionary statements above.The
Company cautions readers not to place undue reliance upon any forward-looking
statements, which speak only as of the date made.The Company does not
undertake or accept any obligation or undertaking to release publicly any
updates or revisions to any forward-looking statements to reflect any change
in their expectations or any change in events, conditions or circumstances on
which any such statement is based.

Additional Information and Where to Find It

Investors, security holders and other interested persons may find additional
information regarding the Company at the SEC's Internet site at
http://www.sec.gov/, or the Company website www.armourreit.com or by directing
requests to: ARMOUR Residential REIT, Inc., 3001 Ocean Drive, Suite 201, Vero
Beach, Florida 32963, Attention: Investor Relations.

CONTACT: Investor Contact: investors@armourreit.com

         James R. Mountain
         Chief Financial Officer
         ARMOUR Residential REIT, Inc.
         (772) 617-4340
 
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