Effective on June 19, 2019, the board of directors (the “Board”) of Colony Capital, Inc. (the “Company”) appointed Dale Anne Reiss to serve as an independent member of the Board. Concurrently with Ms. Reiss’ appointment, the size of the Board was increased to twelve (12) directors.

Ms. Reiss’ appointment was mutually agreed to by the Company and Blackwells Capital LLC to the Cooperation Agreement dated February 10, 2019, as previously disclosed in the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on February 14, 2019. Other than the foregoing, there are no arrangements or understandings between Ms. Reiss and any other person to which Ms. Reiss was appointed as a director.

Ms. Reiss, age 71, currently serves as Senior Managing Director of Brock Capital Group LLC, a full-service investment bank, and Chairman of Brock Real Estate LLC, its equity and mezzanine financing arm. Ms. Reiss also serves as a member of the board of directors and chair of the audit committee of Tutor Perini Corporation, a leading civil and building construction company; and a member of the board of directors and chair of the audit committee of Starwood Real Estate Income Trust, a non-publicly traded REIT. Until her retirement in 2008, she served as Senior Partner as well as Global and America’s director of real estate, hospitality and construction at Ernst & Young LLP, and its predecessor Kenneth Leventhal & Company, and was subsequently senior consultant to their Global Real Estate Center until 2011. From 1980 to 1985, Ms. Reiss was senior vice president and controller at Urban Investment & Development Company. Since 1998, Ms. Reiss has served as a governor and past Trustee of Urban Land Institute. She is a former member of the board of directors of iStar Inc., Post Properties, Inc., Care Capital Properties Inc., until its merger with Sabra Health Care REIT, Inc., and CYS Investments, Inc. until its merger with Two Harbors Investment Corp. Ms. Reiss brings to the Board extensive expertise in financial and accounting matters from her experience over an extended period at several major public accounting firms, her leadership experience in management and operations at those firms, and her experience as a director of other public and private companies. Ms. Reiss holds a Bachelor of Science from the Illinois Institute of Technology and a Master of Business Administration from the University of Chicago. Ms. Reiss is a Certified Public Accountant.

In accordance with the Company’s non-employee director compensation policy as described in the Company’s definitive proxy statement on Schedule 14A filed on March 28, 2019 with the Securities and Exchange Commission, Ms. Reiss’ compensation for her services as a non-employee director will be consistent with that of the Company’s other non-employee directors, subject to pro-ration to reflect the commencement date of her service on the Board. Ms. Reiss is not a party to any transaction that would require disclosure under Item 404(a) of Regulation S-K.

About COLONY CAPITAL, INC. (NYSE:CLNY)

Colony Capital, Inc., formerly Colony Financial, Inc., is a global real estate and investment management company. The Company operates through five segments: Real Estate Equity, including Light industrial real estate assets and operating platform; Single-family residential rentals through an investment in Colony Starwood Homes and Other real estate equity investments; Real Estate Debt, which includes loan originations and acquisitions, and Investment Management, which includes investment management of the Company-sponsored funds and other investment vehicles. Through its global investment management business, it has over $18.8 billion of assets under management. Its business objective is to provide risk-adjusted returns to its investors through a diversified portfolio of direct and indirect real estate-related equity and real estate debt investments, and fee bearing management contracts on investment funds that it manages.