Annaly Capital Management, Inc. and Its FIDAC and RCap Securities Units Expand Management Team.

NEW YORK -- Annaly Capital Management, Inc. (NYSE: NLY) today announced the addition of several new members to its management team over the last several months. They are involved in a range of activities at Annaly and its wholly-owned subsidiaries RCap Securities, Inc., a broker-dealer, and Fixed Income Discount Advisory Company, a registered investment advisor.

"Annaly continues to grow the scope of its asset management and broker dealer activities," said Michael A.J. Farrell, Chairman, CEO and President of Annaly, "and I am pleased that we are able to add such capable professionals to help drive that growth. Our subsidiaries diversify and enhance our business profile, and I am confident that these individuals will make a positive contribution to our team."

The new personnel include:

* Kevin Keyes, Managing Director--Capital Markets. Mr. Keyes has 19 years of experience in the capital markets, most recently as head of global real estate, technology and clean energy capital markets at Bank of America Merrill Lynch. He has served in a number of capacities in his career, including originating, structuring and executing transactions.

* Robert Karner, Executive Vice President and Head of Investments for CreXus Investment Corp. Mr. Karner has over 25 years of experience in commercial real estate finance, most recently as co-head of Morgan Stanley's domestic CMBS syndication desk. He has held a wide range of roles in structuring and marketing CMBS and commercial mortgage portfolio management.

* Jeff Conti, Executive Vice President and Head of Underwriting for CreXus Investment Corp. Mr. Conti has over 20 years of experience in commercial real estate finance, most notably as a managing director in the fixed income and real estate group of TIAA-CREF, where he was a regional head of commercial mortgage originations. He has held a number of positions in real estate acquisitions, portfolio management, loan surveillance and restructuring.

* Laura Zwak DeMare, Executive Vice President. Ms. DeMare has 18 years of experience in financial markets, most recently as head of global marketing for distressed structured products at Bank of America Merrill Lynch. She has considerable expertise in residential, commercial, consumer and other securitized product markets in a variety of roles and capacities, including institutional fixed income sales, trading and research.

* Mary Rooney, Executive Vice President. Ms. Rooney has 20 years of experience as a financial markets strategist, research analyst and economist, most recently as the head of global credit strategy at Bank of America Merrill Lynch. Her body of work touches upon a wide range of markets, including corporates, Agencies and derivatives.

* Anthony Green, Deputy General Counsel. Mr. Green was a partner at the law firm K&L Gates LLP in Washington, D.C. He has a broad range of experience in complex corporate, securities, and financing transactions and corporate governance matters.

* John Frost, Vice President. Mr. Frost has over 25 years of experience in fixed income and equity lending activities. He has managed trading operations, trading positions and client relationships for these activities, most recently at Morgan Stanley.

* Mike Iannetta, Vice President. Mr. Iannetta's career spans over 20 years of experience in securities lending activities, predominantly at Morgan Stanley. He has managed teams of professionals in trading, sales and operations and successfully overseen operations in both the U.S. and London.

Annaly manages assets on behalf of institutional and individual investors worldwide. The Company's principal business objective is to generate net income for distribution to investors from its investment securities and from dividends it receives from its subsidiaries, FIDAC, Merganser Capital Management and RCap. FIDAC and Merganser are registered investment advisors that earn investment advisory fees and other service fee income. RCap is a broker dealer. 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 within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. 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 financing, changes in the market value of our assets, changes in business conditions and the general economy, changes in government regulations affecting our business, our ability to maintain our qualification as a REIT for federal income tax purposes, risks associated with the broker-dealer business of our subsidiary, as well as risks associated with the investment advisory business of our subsidiaries, including the removal by clients of assets they manage, their regulatory requirements and competition in the investment advisory 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 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.