Anworth Announces Entry into Management Agreement with Anworth Management, LLC

Anworth Mortgage Asset Corporation (NYSE: ANH) announced today that, on December 31, 2011, it entered into a Management Agreement with Anworth Management, LLC, pursuant to which the Manager will administer the business activities and day-to-day operations of the Company and perform services for the Company in the manner and on the terms set forth in the Management Agreement and pursuant to policies established by the Company's board of directors.