New Residential Investment Corp ("NRZ" / NYSE): Block Trade Offering Announcement

ISSUER:  NEW RESIDENTIAL INVESTMENT CORP

TICKER / EXCHANGE:  "NRZ" / NYSE

BASE SHARES:  20 MILLION SHARES (100% PRIMARY)

GREENSHOE:  15% (100% PRIMARY)

OFFERING SIZE:  ~$285 MILLION

RE-OFFER RANGE:  $14.15 - $14.35

RE-OFFER DISCOUNT:  0.9% - 2.3%

INDICATIVE DIVIDEND YIELD:  12.9%

USE OF PROCEEDS:  FUND WALTER INVESTMENT ACQUISITIONS

JOINT BOOKRUNNERS:  CITIGROUP, BARCLAYS, JP MORGAN & UBS