X0306 4 2017-12-13 0 0001630472 TPG RE Finance Trust, Inc. TRTX 0001696998 Coleman Matthew C/O TPG RE FINANCE TRUST, INC. 888 SEVENTH AVENUE, 35TH FLOOR NEW YORK NY 10106 0 1 0 0 Vice President Class A Common Stock 2017-12-13 4 J 0 5144 0.00 A Common Stock 5144 9447 I See Explanation of Responses On December 13, 2017, Mr. Matthew Coleman acquired shares of Class A common stock ("Class A 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. Coleman in accordance with the terms of a compensatory plan adopted by the Manager. The Manager acquired the shares of Class A Common Stock prior to the completion of the Issuer's initial public offering and granted the shares to Mr. Coleman as compensation for services Mr. Coleman provided to the Issuer. The shares of Class A Common Stock are subject to the terms of a lock-up agreement entered into by Mr. Coleman in connection with the Issuer's initial public offering. The shares of Class A Common Stock awarded to Mr. Coleman will vest ratably in four annual installments beginning on June 30, 2018. Upon vesting, the shares of Class A Common Stock will be delivered to Mr. Coleman. TPG RE Finance Trust Equity, L.P. ("TPG RE Finance Trust Equity") directly holds 926,951 shares of Class A Common Stock, including 4,303 shares of Class A Common Stock indirectly beneficially owned by Mr. Coleman (through his indirect limited partnership interest in TPG RE Finance Trust Equity). Pursuant to the Articles of Amendment and Restatement of the Issuer, each share of 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. /s/ Matthew Coleman 2017-12-14