The offering is expected to close on September 22, 2009. Concurrent with this offering, Annaly will acquire 4,527,778 shares of CreXus Investment Corp. common stock at a price of $15.00 per share. The shares of CreXus Investment Corp. common stock are scheduled to begin trading on September 17, 2009, on the New York Stock Exchange under the symbol "CXS".

Deutsche Bank Securities and BofA Merrill Lynch are acting as joint book-running managers, with JMP Securities, Keefe, Bruyette & Woods, and RBC Capital Markets acting as co-managers. CreXus Investment Corp. has granted the underwriters a 30-day option to purchase up to an additional 2,000,000 shares of CreXus Investment Corp.'s common stock to cover over-allotments, if any.

A registration statement relating to the common stock was filed with, and declared effective by, the U.S. Securities and Exchange Commission on September 16, 2009. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the common shares in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering is being made solely by means of a prospectus. Copies of the prospectus can be obtained from Deutsche Bank Securities, Attention: Prospectus Department, 100 Plaza One, Jersey City, New Jersey 07311, or by calling 1-800-503-4611; or BofA Merrill Lynch, Attention: Prospectus Department, 4 World Financial Center, New York, New York 10080, or by calling 1-212-449-1000.

About CreXus Investment Corp.

CreXus Investment Corp. is a specialty finance company that will acquire, manage, and finance, directly or through its subsidiaries, commercial mortgage loans and other commercial real estate debt, commercial mortgage-backed securities, and other commercial real estate-related assets. CreXus Investment Corp.