X0306 4 2020-03-04 0 0001630472 TPG RE Finance Trust, Inc. TRTX 0001425872 Davis Kelvin L. C/O TPG RE FINANCE TRUST, INC. 888 SEVENTH AVENUE, 35TH FLOOR NEW YORK NY 10106 1 0 0 0 Common Stock 2020-03-04 4 J 0 1752 0.00 A 18820 I See Explanation of Responses Common Stock 169061 I See Explanation of Responses Common Stock 23014 D On March 4, 2020, Mr. Kelvin L. Davis acquired 1,752 shares of common stock ("Common Stock") of TPG RE Finance Trust, Inc. (the "Issuer") from TPG RE Finance Trust Management, L.P. (the "Manager"), the Issuer's external manager, pursuant to a grant made by the Manager to Mr. Davis in accordance with the terms of a compensatory plan adopted by the Manager. The shares of Common Stock awarded to Mr. Davis will vest ratably in four annual instalments beginning on July 31, 2020. Upon vesting, the shares of Common Stock will be delivered to Mr. Davis. Held through Mr. Davis's personal investment vehicles. (3) Matthew Coleman is signing on behalf of Mr. Davis pursuant to the power of attorney dated January 16, 2020, which was previously filed with the Securities and Exchange Commission. /s/ Matthew Coleman **By: Matthew Coleman, on behalf of Kelvin L. Davis (3) 2020-03-06