Annaly Marks the 10th Anniversary of NYSE Listing

NEW YORK--(BUSINESS WIRE)--

Annaly Capital Management, Inc. (NYSE: NLY) is pleased to mark the tenth anniversary of its initial public offering on October 8, 1997.

Michael A.J. Farrell, Annaly's Chairman, CEO and President, commented on the milestone. "Our tenth anniversary is a proud moment for me and for the rest of the employees of Annaly. To reflect on the occasion I reread my annual letters to shareholders from the past decade. What struck me was not the details on performance, but the discussion of the volatile market and economic events we have experienced, including the Russian ruble devaluation, the collapse of Long Term Capital, the stock market meltdown, the horror of September 11, the mortgage refinancing wave of 2003, the 17 straight interest rate hikes from 2004 to 2006, and today's housing and credit troubles. If anyone wants to know how Annaly managed through a period of rising rates or falling rates, increasing prepayment speeds, or a credit crunch, it's all in those letters. We would be pleased to provide them to anyone interested.

"Through all the turbulence of the past ten years, I'd like to think that we delivered on our investment proposition, and for that I want to thank the men and women of Annaly who are at the heart of our success. In particular, I want to thank Wellington Denahan-Norris, the company's co-founder and its Vice Chairman, Chief Investment Officer and Chief Operating Officer. I couldn't ask for a better business partner or friend. Together, we look forward to the next ten years and beyond. Prodesse Non Nocere."

Annaly manages assets on behalf of institutional and individual investors worldwide through Annaly and through the funds managed by its wholly-owned registered investment advisor, FIDAC. At June 30, 2007, Annaly and FIDAC had gross assets under management of approximately $55 billion. The Company's principal business objective is to generate net income for distribution to investors from the spread between the interest income on its mortgage-backed securities and the cost of borrowing to finance their acquisition and from dividends the Company receives from FIDAC, which earns investment advisory fee income. The Company, a Maryland corporation, 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 within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. 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 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 financing, FIDAC's clients removal of assets FIDAC manages, FIDAC's regulatory requirements, and competition in the investment management business. 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 Annual Report on Form 10-K for the fiscal year ended December 31, 2006 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.

Source: Annaly Capital Management, Inc.