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MANAGEMENT TEAM

Annaly's management team guides the Company's overall business strategy and oversees our investment portfolio and financial services processes and solutions. Our team instills our corporate values of transparency and prudent risk management in all aspects of our business, and provides market and economic insight to all of our shareholders, investors and clients in our management discussions, commentaries and investor calls. As Annaly has grown, the strength and experience of our management team has enabled the Company to generate a consistent and proven track record of performance through a wide range of market environments.

EXECUTIVE BIOGRAPHIES

Wellington J. Denahan - Chairman and Chief Executive Officer

Kathryn F. Fagan - Chief Financial Officer and Treasurer

James P. Fortescue - Chief Operating Officer

Kevin G. Keyes - President

Kristopher R. Konrad - Co-Chief Investment Officer

Rose-Marie Lyght - Co-Chief Investment Officer

R. Nicholas Singh - Chief Legal Officer