Robert Rush Assumes Role of Chief Risk Officer of Two Harbors Investment Corp.

Two Harbors Investment Corp. (NYSE: TWO) announced today that, effective January 1, 2015, Robert Rush will assume the role of the company’s Chief Risk Officer. Paul Richardson, who has served as the company’s Chief Risk Officer over the past several years, will remain in his role as Partner and Chief Risk Officer for Pine River Capital Management L.P., the parent of the company’s external manager.

“We are excited to congratulate Bob on his promotion to Chief Risk Officer. He has done an outstanding job as our Managing Director, Risk Management, and this is a natural transition for Bob and Paul,” stated Thomas Siering, Two Harbors’ President and Chief Executive Officer. “We wish to sincerely thank Paul for his invaluable service to Two Harbors and we look forward to continuing to collaborate with him in the future.”

Mr. Rush has served as Two Harbors’ Managing Director, Risk Management, since September 2013. Prior to joining the company, Mr. Rush held a variety of positions at UBS AG in New York. During 2013, he was a Managing Director and Director of Risk Strategy for the Non-Core and Legacy Group, the unit established to oversee UBS’ exit from capital-inefficient businesses. From 2009 to 2012, he served as Head of Risk Analytics for the StabFund Investment Management Group, focusing on fundamental/technical analytics and interest rate risk management for a multi-billion portfolio of residential and commercial loans, RMBS, CMBS and ABS. From 2007 to 2008, Mr. Rush served as the Head CDO and Esoteric Asset Trader for the UBS Workout Group, and from 2006 to 2007, he co-managed the ABS/CMBS Derivatives Structuring Team within the Global CDO Group. Prior to his time at UBS, he served in various investment management and research positions. Mr. Rush holds a B.S. in Mathematics from Fordham University, an M.S. in Operations Research & Statistics from Rensselaer Polytechnic Institute, and a Ph.D. in Decision Sciences & Engineering Systems from Rensselaer Polytechnic Institute.

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 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., 590 Madison Avenue, 36th floor, New York, NY 10022, telephone [phone].

Two Harbors Investment Corp.Investors:July Hugen, Investor Relations, [e-mail]