X0306 4 2019-07-01 0 0001630472 TPG RE Finance Trust, Inc. TRTX 0001712073 Ginsberg Deborah J. C/O TPG RE FINANCE TRUST, INC. 888 SEVENTH AVENUE, 35TH FLOOR NEW YORK NY 10106 0 1 0 0 See Remarks Class A Common Stock 2019-07-01 4 J 0 3944 19.28 D Common Stock 3944 8285 D Class A Common Stock Common Stock 6019.52 6019.52 I See explanation of responses Class A Common Stock Common Stock 4171 4171 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 3,944 shares of Class A Common Stock from Ms. Deborah Ginsberg 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. TPG RE Finance Trust Equity, L.P. ("TPG RE Finance Trust Equity") directly holds 926,951 shares of Class A Common Stock, including 6,019.52 shares of Class A Common Stock indirectly beneficially owned by Ms. Ginsberg (through her limited partnership interest in TPG RE Finance Trust Equity). Represents shares of Class A Common Stock that have been awarded by the Manager to Ms. Ginsberg 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 Ms. Ginsberg. Vice President, General Counsel & Secretary (5) Matthew Coleman is signing on behalf of Ms. Ginsberg 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 Deborah Ginsberg (5) 2019-07-03