Two Harbors Investment Corp. Announces Chief Financial Officer Transition

NEW YORK–(BUSINESS WIRE)–Two Harbors Investment Corp. (NYSE: TWO) today announced Brad
Farrell’s intention to resign from his position as Vice President, Chief
Financial Officer and Treasurer in order to pursue other opportunities.
Mr. Farrell’s resignation is not the result of any disagreement with
respect to any matter relating to the operations, financial reporting,
policies or practices of Two Harbors or Pine River. Mr. Farrell has
agreed to stay on with the Company through January 31, 2019 to assist in
the transition of his duties and responsibilities. Effective
immediately, the Board of Directors has appointed Mary Riskey to serve
as Vice President, Acting Chief Financial Officer and Treasurer, in
which role Ms. Riskey will assume the day-to-day duties and
responsibilities of the chief financial officer. The Board of Directors
intends to appoint Ms. Riskey as Vice President, Chief Financial Officer
and Treasurer upon the effectiveness of Mr. Farrell’s resignation.

Ms. Riskey joined Two Harbors in 2011 as Director, Loan Accounting. From
2013 to 2016, Ms. Riskey served as Director, Corporate Controller of the
company. Since 2016, Ms. Riskey has served as Managing Director, Chief
Accounting Officer of the company. Ms. Riskey has spent the breadth of
her career in financial reporting and accounting roles for public
financial services companies. From 2000 to 2011, Ms. Riskey served in
leadership roles at GMAC ResCap, a global diversified real estate
company, advancing to Senior Director, Accounting and Reporting. From
1995 to 2000, Ms. Riskey held several positions at Arcadia Financial
LTD, serving most recently as Assistant Controller. Ms. Riskey received
a B.B.A. in Accounting from the University of North Dakota.

Under Brad’s leadership, we have developed a first-class finance team
with a keen focus on financial transparency and accuracy. We would like
to thank Brad for his leadership and service to the company,” stated
Thomas Siering, Two Harbors’ President and Chief Executive Officer. “We
are also pleased to announce the planned appointment of Mary as Chief
Financial Officer and expect that her transition to the role will be
seamless given her expertise and years of experience with the company.
We have assembled a great team to take the company forward and are very
excited about the opportunities ahead for Two Harbors.”

Two Harbors Investment Corp.

Two Harbors Investment Corp., a Maryland corporation, is a real estate
investment trust that invests in residential mortgage-backed securities,
mortgage servicing rights and other financial assets. Two Harbors is
headquartered in New York, New York, and is externally managed and
advised by PRCM Advisers LLC, a wholly owned subsidiary of Pine River
Capital Management L.P. Additional information is available at www.twoharborsinvestment.com.

Additional Information

Stockholders of Two Harbors and other interested persons may find
additional information regarding the company at the Securities and
Exchange Commission’s Internet site at www.sec.gov
or by directing requests to: Two Harbors Investment Corp., 575 Lexington
Avenue, Suite 2930, New York, NY 10022, telephone 612-629-2500.

Contacts

Two Harbors Investment Corp.
Investors:
Margaret Field,
212-364-3663
Investor Relations
margaret.field@twoharborsinvestment.com.

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