Investor Presentation March 2019

FOOTNOTES (CONT'D) Page 23 ColonyCredit REAL ESTATE 1. Debt based on the unpaid principal balance at CLNC share as of December 31, 2018 2. CMBS credit facilities do not have specified maximum available capacity. Borrowings and interest rates are asset-specific and determined at the time of borrowing. These credit facilities are indexed to the one- month or three-month LIBOR. Maturity dates are dependent on asset type and typically range from one to two month rolling periods Page 29 1. 2. 3. 4. Non-controlling interest ("NCI") represent interests in assets held by third party partners Represents the proportionate share attributed to CLNC based on CLNC's ownership by asset At CLNC share represents total assets adjusted for the net impact of securitization assets and related obligations which are consolidated for accounting purposes The Company calculates undepreciated book value per share, a non-GAAP financial measure, based on the total number of common shares and OP units (held by members other than the Company or its subsidiaries) outstanding at the end of the reporting period. As of December 31, 2018, the total number of common shares and OP units outstanding was approximately 130.9 million 33

View entire presentation