2014 Mortgage REIT Day – October 1, 2014

Presentations

AGNC: The Value Proposition Gary Kain View the presentation

Understanding Our Risk Management Philosophy Peter Federico View the presentation

External Panel: MBS and Housing within the Broader Fixed Income Landscape Mortgages: The Big Picture* Chris Flanagan, Bank of America Merrill Lynch View the presentation  US Housing Outlook Marty Young, Goldman Sachs Focus on Agency MBS Vipul Jain, Morgan Stanley

US Economic Outlook Jan Hatzius, Goldman Sachs

Internal Panel: A Deep Dive into Financing and Dollar Rolls View the presentation  Financing Summary Peter Federico The Tradeoff Between Specified Pools and Dollar Rolls Chris Kuehl Accounting Treatment and Tax Implications of Dollar Rolls Bernie Bell

What Does the Future Hold for AGNC and MTGE Gary Kain View the presentation

*The attached 2014 Mortgage REIT Day presentation of American Capital Agency Corp. ("AGNC") and American Capital Mortgage Investment Corp. ("MTGE") includes portions prepared by certain unaffiliated third parties. AGNC and MTGE are not responsible for the material prepared by such unaffiliated third parties. Inclusion of the third party materials on this site is solely for your informational purposes, and does not imply any approval or endorsement of such material by AGNC or MTGE. Such third party material has not been checked for accuracy, adequacy or completeness by AGNC or MTGE.

For further information or questions, please do not hesitate to call our Investor Relations Department at (301) 968-9300 or send an email to IR@AGNC.com.