X0306 4 2020-03-18 0000826675 DYNEX CAPITAL INC DX 0001235663 BENEDETTI STEPHEN J C/O DYNEX CAPITAL, INC. 4991 LAKE BROOK DRIVE, SUITE 100 GLEN ALLEN VA 23060 0 1 0 0 EVP, CFO and COO Common Stock 2020-03-18 4 P 0 4500 8.5104 A 119378.53 D Common Stock 22475.664 I Through 401(k) Plan The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $8.25 to $8.85, inclusive. The reporting person undertakes to provide to Dynex Capital, Inc. ("Dynex"), any security holder of Dynex, 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. Alison G. Griffin, attorney-in-fact 2020-03-19