Five Oaks Prices 4.033M Share IPO at $15.00/Share

Five Oaks Investment Corp.

("Five Oaks" or the "Company") announced today that it has priced its initial public offering of 4,033,333 shares of common stock at $15.00 per share.  The Company is also selling 1,666,667 shares of common stock at $15.00 per share in a concurrent private placement to an indirect wholly owned subsidiary of XL Group plc

, for a total expected sale of 5,700,000 shares. The expected sale would raise an aggregate of $85.5 million in gross proceeds, $60.5 million from the public offering and $25.0 million from the concurrent private placement.  These proceed amounts do not include any proceeds from a 30-day option granted by the Company to the underwriters to purchase up to an additional 604,999 shares of common stock. Shares of Five Oaks' common stock are expected to begin trading Friday, March 22, 2013 on the New York Stock Exchange under the ticker symbol OAKS.  The offering and concurrent private placement are expected to close on March 27, 2013. Barclays Capital Inc., Credit Suisse Securities (USA) LLC, UBS Securities LLC and Keefe, Bruyette & Woods, Inc. are serving as joint book-running managers. Ladenburg Thalmann & Co. Inc., Mitsubishi UFJ Securities