X0306 4 2019-07-01 0 0001630472 TPG RE Finance Trust, Inc. TRTX 0001298783 Foley Robert C/O TPG RE FINANCE TRUST, INC. 888 SEVENTH AVENUE, 35TH FLOOR NEW YORK NY 10106 0 1 0 0 Chief Financial & Risk Officer Class A Common Stock 2019-07-01 4 J 0 7377 19.28 D Common Stock 7377 19164 D Class A Common Stock Common Stock 10496 10496 I See explanation of responses Pursuant to the Articles of Amendment and Restatement of TPG RE Finance Trust, Inc. (the "Issuer"), each share of Class A common stock of the Issuer ("Class A Common Stock") is convertible at any time or from time to time, at the option of the holder, for one share of common stock of the Issuer ("Common Stock"). On July 1, 2019, TPG RE Finance Trust Management, L.P. (the "Manager"), the external manager of the Issuer, withheld 7,377 shares of Class A Common Stock from Mr. Robert Foley for payment of the tax liability incident to the vesting of shares of Class A Common Stock granted by the Manager pursuant to the terms of a compensatory plan adopted by the Manager. Represents shares of Class A Common Stock that have been awarded by the Manager to Mr. Foley in accordance with the terms of a compensatory plan adopted by the Manager. Upon vesting, the shares of Class A Common Stock will be delivered to Mr. Foley. (4) Matthew Coleman is signing on behalf of Mr. Foley pursuant to the power of attorney dated July 5, 2017, which was previously filed with the Securities and Exchange Commission. /s/ Matthew Coleman, **By: Matthew Coleman, on behalf of Robert Foley (4) 2019-07-03