Thornburg Mortgage Announces Conference Call and Webcast

Business Wire,  June 18, 2008  

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Company Will Discuss Valuation and Accounting for Recent Financing Transaction

SANTA FE, N.M. -- Thornburg Mortgage, Inc. (NYSE: TMA), announced today that on Wednesday, June 25, 2008, it will hold a conference call to explain the valuation and accounting for the recent $1.35 billion financing transaction and Override Agreement.

Larry Goldstone, president and chief executive officer of the company, will host the conference call on Wednesday, June 25, 2008, from 10:00 a.m. to 11:30 a.m. EDT. The conference call will also be web cast live through a link at the company's web site at www.thornburgmortgage.com.

The teleconference dial-in number is (866) 356-3377 and (617) 597-5392 internationally. The access code for the call is 31633226. A replay of the call will be available beginning at 2:00 p.m. on June 25, 2008, and ending at 11:59 p.m. on July 25, 2008. The replay dial-in number is (888) 286-8010 in the U.S. and (617) 801-6888 internationally. The access code for both replay numbers is 41035784. The conference call will also be archived on the company's web site throughout the second quarter of 2008.

The company will also host a live webcast during this conference call. The webcast can be viewed live through a link at http://phx.corporate-ir.net/phoenix.zhtml?p=irol-eventDetails&c=117476 &eventID=1880630.

(Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.)

Thornburg Mortgage is a leading single-family residential mortgage lender focused principally on prime and super-prime borrowers seeking jumbo and super-jumbo adjustable-rate mortgages.

This press release contains forward-looking statements. These forward-looking statements are based on management's current expectations and are subject to uncertainty and changes in circumstance due to a number of factors, including but not limited to: the impact of the accounting for the senior notes financing and Override Agreement; general economic conditions; ongoing volatility in the mortgage and mortgage-backed securities industry; the company's ability to meet the ongoing conditions of the Override Agreement; the company's ability to complete the tender offer for all of its outstanding preferred stock; the company's ability to raise additional capital; the company's ability to retain or sell additional assets; market prices for mortgage securities, interest rates, the availability of ARM securities and loans for acquisition and other risk factors discussed in the company's SEC reports, including its most recent quarterly report on Form 10-Q, annual report on Form 10-K/A, its Proxy Statement for its Annual Meeting held on June 12, 2008 and its Registration Statement on Form S-3. These forward-looking statements speak only as of the date on which they are made and except as required by law, the company does not intend to update such statements to reflect events or circumstances arising after such date.

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