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Colony Financial To Participate At Citi’s 2013 Global Property CEO Conference

Title of the panel discussion in first paragraph, first sentence should read: "Private Capital."

The corrected release reads:

COLONY FINANCIAL TO PARTICIPATE AT CITI’S 2013 GLOBAL PROPERTY CEO CONFERENCE

Colony Financial, Inc. (the "Company") (NYSE: CLNY) today announced that Richard Saltzman, the Company's Chief Executive Officer, will be participating in a panel discussion entitled, "Private Capital," on Tuesday, March 5, 2013, at 12:10 p.m. ET at Citi's 2013 Global Property CEO Conference, at The Westin Diplomat in Hollywood, FL.

Investors may listen to the live discussion by dialing 646-490-2858 (Passcode: 6227307509).

About Colony Financial, Inc.

Colony Financial, Inc. is a real estate finance and investment company that is focused on acquiring, originating and managing a diversified portfolio of real estate-related debt and equity investments, including single family homes to be rented to tenants, at attractive risk-adjusted returns. Our investment portfolio and target assets are primarily composed of interests in: (i) secondary loans acquired at a discount to par; (ii) new originations; and (iii) equity partnership interests in single family homes to be held for investment and rented to tenants. Secondary debt purchases may include performing, sub-performing or non-performing loans (including loan-to-own strategies). The Company has elected to be taxed as a real estate investment trust, or REIT, for U.S. federal income tax purposes. The Company is a component of the Russell 2000® and the Russell 3000® indices.

Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as "may," "will," "should," "expects," "intends," "plans," "anticipates," "believes," "estimates," "predicts," or "potential" or the negative of these words and phrases or similar words or phrases which are predictions of or indicate future events or trends and which do not relate solely to historical matters. Forward-looking statements involve known and unknown risks, uncertainties, assumptions and contingencies, many of which are beyond the Company's control, that may cause actual results to differ significantly from those expressed in any forward-looking statement.

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