X0306 4 2013-03-12 0 0001045425 RAIT Financial Trust RAS 0001007546 BATINOVICH ANDREW C/O RAIT FINANCIAL TRUST 2929 ARCH ST., 17TH FL. PHILADELPHIA PA 19104 0 0 0 1 Trustee Common Shares of Beneficial Interest 2013-03-12 4 P 0 10000 7.1896 A 10000 D The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions on the transaction date at prices ranging from $7.189 to $7.19, inclusive. The reporting person undertakes to provide to RAIT Financial Trust ("RAIT"), any security holder of RAIT or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote. /s/ Anders Laren, attorney-in-fact 2013-03-13