X0303 4 2009-06-17 1 0001396446 Cypress Sharpridge Investments, Inc. CYS 0001007614 TALON ASSET MANAGEMENT, LLC 1 N FRANKLIN SUITE 900 CHICAGO IL 60606 0 0 0 1 Former 10% owner 0001415492 TALON SHARPRIDGE, LLC ONE NORTH FRANKLIN STREET, SUITE 900 CHICAGO IL 60606 0 0 0 1 Former 10% owner Common Stock 879166 I By Talon Sharpridge, LLC Common Stock 293166 I By Talon Sharpridge QP, LLC Common Stock 128333 I By Talon Opportunity Partners, L.P. Warrant (right to buy) 15.6 2012-12-31 Common Stock 38500 38500 I By Talon Opportunity Partners, L.P. These securities are owned directly by Talon Sharpridge, LLC ("Sharpridge"). As the Manager to Sharpridge, Talon Asset Management, LLC may be deemed to be the beneficial owner of the Issuer's securities held by Sharpridge. Talon Asset Management, LLC disclaims any beneficial ownership of any of the Issuer's securities held by Sharpridge, except to the extent of Talon Asset Management, LLC's pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose. As the Manager of Talon Sharpridge QP, LLC ("Sharpridge QP"), Talon Asset Management, LLC may be deemed to be the beneficial owner of the Issuer's securities held by Sharpridge QP. Talon Asset Management, LLC disclaims any beneficial ownership of any of the Issuer's securities held by Sharpridge QP, except to the extent of Talon Asset Management, LLC's pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose. As the Manager of Talon Opportunity Managers, LLC ("TOM"), the General Partner of Talon Opportunity Partners, L.P. ("TOP"), Talon Asset Management, LLC may be deemed to be the beneficial owner of the Issuer's securities held by TOP. Talon Asset Management, LLC disclaims any beneficial ownership of any of the Issuer's securities held by TOP, except to the extent of Talon Asset Management, LLC's pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose. The warrants are currently exercisable. /s/ William Wolf, Chief Operating Officer, Talon Asset Management, LLC 2009-06-18 /s/ William Wolf, Chief Operating Officer, Talon Asset Management, LLC, as Manager of Talon Sharpridge, LLC 2009-06-18