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December 11, 2009</font><BR> <font face='Garmond,Helvetica,Times' size=1 color='#330066'> _________________________________________________________________________ </font> <BR><BR> <font face='Garmond,Helvetica,Times' size=2 color='#330066'> <!--PASTE ON THE LINE BELOW-->EXCERPT: RAIT Financial Trust (NYSE: RAS)( RAIT ) announced that on December 10, 2009, the United States District Court for the Eastern District of Pennsylvania granted final court approval of the settlement of the consolidated class action lawsuit captioned  In re RAIT Financial Trust Securities Litigation (No. 2:07-cv-03148). Under the terms of the settlement, the lawsuit was dismissed with prejudice and RAIT and all the other defendants received a full release of all claims asserted against them in the lawsuit in exchange for a cash payment of $32 million. The settlement payment is within the limits of RAIT s directors and officers liability insurance, and the settlement has been funded by RAIT's insurers. In connection with the settlement, RAIT and the other defendants have at all times denied and continue to deny wrongdoing of any kind. <!--PASTE ON THE LINE ABOVE--> </font> </td> </tr> </table> <TABLE witdh=100% align='left' valign='top'> <BR> <font FACE='Garmond,Helvetica,Times' size=1 color=#330066> Back to <A HREF='/news.html'> <font FACE='Garmond,Helvetica,Times' size=1 color=#330066> News</font></A>&nbsp;page | <font FACE='Garmond,Helvetica,Times' size=1 color=#330066> Back to <A HREF='/news-archive/2009/list-index.html'> <font FACE='Garmond,Helvetica,Times' size=1 color=#330066> Archived News 2009</font></A>&nbsp;page | <font FACE='Garmond,Helvetica,Times' size=1 color=#330066> Back to <A HREF='#top'><font FACE='Garmond,Helvetica,Times' size=1 color=#330066> Top</font></A>&nbsp; <!--we may use this space--> </font></font></font></TABLE><BR> </td> </tr> </table> <BR> </TD> </TR></TABLE> <BR> </BODY></HTML>