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Annaly Capital Management, Inc. Announces the Appointment of New Chief Financial Officer

  Annaly Capital Management, Inc. Announces the Appointment of New Chief
  Financial Officer

Business Wire

NEW YORK -- August 19, 2013

The Board of Directors (the “Board”) of Annaly Capital Management, Inc. (NYSE:
NLY) (“Annaly” or the “Company”) today announced that it has appointed Glenn
A. Votek, 55, as Chief Financial Officer of the Company. Mr. Votek will also
serve as a member of Annaly’s Operating Committee. Mr. Votek was previously
the Company’s Chief Administrative Officer.

Following an impressive career, including serving as Chief Financial Officer
of the Company since its founding, Kathryn F. Fagan has decided to retire. The
Board thanks Ms. Fagan for her many years of service and valuable
contributions to the Company.

“I want to personally thank Kathryn for all she has done for the Company over
the past 16 years and I wish her all the best in her retirement” said
Wellington Denahan, Chairman and Chief Executive Officer of Annaly.

Mr. Votek has over 20 years of financial and operational experience with
particular expertise in risk management, capital raising, liability management
and regulatory oversight. Mr. Votek joined the Company in May 2013 from CIT
Group where he was an Executive Vice President and Treasurer since 1999 and
President of Consumer Finance since 2012. At CIT, Mr. Votek was responsible
for all functional areas of CIT’s treasury group, including capital markets,
securitization, asset/liability management, hedging, international treasury,
cash management, and banking and rating agency relations. He was also actively
involved in the investor marketing activities at CIT. Included among his
committee memberships were: Asset Liability Management Committee, Financial
Disclosure Committee, Pension Investments Committee and the Employee Benefit
Plans Committee. He also previously served as Chairman of the Board of CIT
Bank.

Mr. Votek joined CIT in November 1999 following its acquisition of Newcourt
Credit Group, at which time he was appointed Treasurer. Prior to the
acquisition, he was the Treasurer of Newcourt Credit Corp. and AT&T Capital
Corporation. Mr. Votek has also held various treasury and financial management
positions within AT&T Corporation, Amerada Hess Corporation and Westinghouse
Credit Corporation. Mr. Votek earned a Masters of Business Administration in
Finance from Rutgers University, where he remains active as an executive
mentor for MBA students, and attended the Executive Education Program of the
Colgate W. Darden Graduate School of Business Administration at the University
of Virginia.

Annaly’s principal business objective is to generate net income for
distribution to its shareholders from its investments. Annaly is a Maryland
corporation that has elected to be taxed as a real estate investment trust
(“REIT”).

This news release and our public documents to which we refer contain or
incorporate by reference certain forward-looking statements which are based on
various assumptions (some of which are beyond our control) may be identified
by reference to a future period or periods or by the use of forward-looking
terminology, such as "may," "will," "believe," "expect," "anticipate,"
"continue," or similar terms or variations on those terms or the negative of
those terms. Actual results could differ materially from those set forth in
forward-looking statements due to a variety of factors, including, but not
limited to, changes in interest rates; changes in the yield curve; changes in
prepayment rates; the availability of mortgage-backed securities for purchase;
the availability of financing and, if available, the terms of any financings;
changes in the market value of our assets; changes in business conditions and
the general economy; our ability to integrate the commercial mortgage
business; our ability to consummate any contemplated investment opportunities;
risks associated with the businesses of our subsidiaries, including the
investment advisory business of our wholly-owned subsidiaries, including: the
removal by clients of assets managed, their regulatory requirements, and
competition in the investment advisory business; risks associated with the
broker-dealer business of our wholly-owned subsidiary; changes in government
regulations affecting our business; our ability to maintain our qualification
as a REIT for federal income tax purposes; and our ability to maintain our
exemption from registration under the Investment Company Act of 1940, as
amended. For a discussion of the risks and uncertainties which could cause
actual results to differ from those contained in the forward-looking
statements, see "Risk Factors" in our most recent Annual Report on Form 10-K
and any subsequent Quarterly Reports on Form 10-Q. We do not undertake, and
specifically disclaim any obligation, to publicly release the result of any
revisions which may be made to any forward-looking statements to reflect the
occurrence of anticipated or unanticipated events or circumstances after the
date of such statements.

Contact:

Annaly Capital Management, Inc.
Investor Relations, 888-8Annaly
www.annaly.com
 
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