Two Harbors Investment Corp. Completes Public Offering of Common Stock

  Two Harbors Investment Corp. Completes Public Offering of Common Stock

Business Wire

NEW YORK -- March 22, 2013

Two Harbors Investment Corp. (NYSE: TWO; NYSE MKT: TWO.WS) today announced the
completion of its public offering of 50,000,000 shares of its common stock and
issuance of an additional 7,500,000 shares of common stock pursuant to the
underwriters’ full exercise of their over-allotment option. The total offering
of 57,500,000 shares produced net proceeds of approximately $763 million,
after deducting underwriting discounts and estimated offering expenses.

The company expects to use the net proceeds from this offering to make
additional acquisitions of its target assets, including residential
mortgage-backed securities, prime jumbo residential mortgage loans, credit
sensitive residential mortgage loans and mortgage servicing rights, and for
other general corporate purposes.

Credit Suisse Securities (USA) LLC is acting as the lead book-running manager
for the offering. Barclays Capital Inc., BofA Merrill Lynch and Goldman, Sachs
& Co. are also acting as book-running managers.

This press release shall not constitute an offer to sell, or a solicitation of
an offer to buy, nor shall there be any sale of the company’s securities in
any state or jurisdiction in which such an offer, solicitation or sale would
be unlawful prior to registration or qualification under the securities laws
of such state or jurisdiction.

About Two Harbors Investment Corp.

Two Harbors Investment Corp., a Maryland corporation, is a real estate
investment trust that invests in residential mortgage-backed securities,
residential mortgage loans, mortgage servicing rights and other financial

Cautionary Notice Regarding Forward-Looking Statements

This release may include statements and information that constitute
“forward-looking statements” within the meaning of section 27A of the
Securities Act of 1933, as amended, and section 21E of the Securities Exchange
Act of 1934, as amended, and we intend such forward-looking statements to be
covered by the safe harbor provisions therein and are included in this
statement for purposes of invoking these safe harbor provisions.
Forward-looking statements include statements with respect to our beliefs,
plans, objectives, goals, targets, expectations, anticipations, assumptions,
estimates, intentions and future performance. The forward-looking statements
made in this release include, but may not be limited to, expectations
regarding the use of proceeds from the offering.

Forward-looking statements are not guarantees, and they involve risks,
uncertainties and assumptions. There can be no assurance that actual results
will not differ materially from our expectations. We caution investors not to
rely unduly on any forward-looking statements and urge you to carefully
consider the risks identified under the captions “Risk Factors,”
“Forward-Looking Statements” and “Management’s Discussion and Analysis of
Financial Condition and Results of Operations” in our public filings with the
SEC, which are available on the SEC’s website at

All written or oral forward-looking statements that we make, or that are
attributable to us, are expressly qualified by this cautionary notice. We
expressly disclaim any obligation to update the information in any public
disclosure if any forward-looking statement later turns out to be inaccurate.


Two Harbors Investment Corp.
July Hugen, 612-629-2514
Investor Relations
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