Anworth to Make Presentation at FBR Capital Markets 2009 Fall Investor Conference

Anworth Mortgage Asset Corporation (NYSE: ANH) announced today that Lloyd McAdams, Anworth’s Chairman of the Board and Chief Executive Officer, is scheduled to make a company presentation at the FBR Capital Markets 2009 Fall Investor Conference at The Grand Hyatt Hotel in New York, NY on Wednesday, December 2 at 11:30 a.m. Eastern Time, 8:30 a.m. Pacific Time. The presentation will be webcast live on the Internet and a copy of the presentation will also be available through Anworth’s website.

To listen to the live audio-only webcast and view the presentation, select the "Webcast” link at the top of the "Investor Calendar” page of the Anworth website at http://www.anworth.com. An archive of the audio-only webcast and presentation will be available on the Anworth website within 24 hours of the live webcast and will be archived for a 90-day period.

About Anworth Mortgage Asset Corporation

Anworth is a mortgage real estate investment trust which invests primarily in securities guaranteed by the U.S. Government, such as Ginnie Mae, or guaranteed by federally sponsored enterprises, such as Fannie Mae or Freddie Mac. Anworth generates income for distribution to shareholders primarily based on the difference between the yield on its mortgage assets and the cost of its borrowings. The Company’s common stock is traded on the New York Stock Exchange under the symbol ANH.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements are based upon our current expectations and speak only as of the date hereof. Our actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties, including increases in the prepayment rates on the mortgage loans securing our mortgage-backed securities, our ability to use borrowings to finance our assets, risks associated with investing in mortgage-related assets including changes in business conditions and the general economy, our ability to maintain our qualification as a real estate investment trust for federal income tax purposes, and management's ability to manage our growth. Our Annual Report on Form 10-K, recent and forthcoming Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K, and other SEC filings discuss some of the important risk factors that may affect our business, results of operations and financial condition. We undertake no obligation to revise or update publicly any forward-looking statements for any reason.