BLACKSTONE MORTGAGE TRUST, INC.

Evaluation of Disclosure Controls and Procedures

We maintain disclosure controls and procedures (as that term is defined in Rules 13a–15(e) and 15d–15(e) under the

Exchange Act) that are designed to ensure that information required to be disclosed in our reports under the Exchange Act

is recorded, processed, and summarized and reported within the time periods specified in the SEC’s rules and forms, and

that such information is accumulated and communicated to our management, including our Chief Executive Officer and

Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosures. Any controls and

procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired

control objectives. An evaluation of the effectiveness of the design and operation of our disclosure controls and procedures

as of the end of the period covered by this Quarterly Report on Form 10-Q was made under the supervision and with the

participation of our management, including our Chief Executive Officer and Chief Financial Officer. Based upon this

evaluation, our Chief Executive Officer and Chief Financial Officer have concluded that our disclosure controls and

procedures (a) are effective to ensure that information required to be disclosed by us in reports filed or submitted under the

Exchange Act is recorded, processed, summarized and reported within the time periods specified by SEC rules and forms

and (b) include, without limitation, controls and procedures designed to ensure that information required to be disclosed by

us in reports filed or submitted under the Exchange Act is accumulated and communicated to our management, including

our Chief Executive Officer and Chief Financial Officer, as appropriate to allow timely decisions regarding required

disclosure.

Changes in Internal Control Over Financial Reporting

There have been no changes in our “internal control over financial reporting” (as defined in Rule 13a–15(f) of the

Exchange Act) that occurred during our most recent quarter that have materially affected, or are reasonably likely to

materially affect, our internal control over financial reporting.

PART II. OTHER INFORMATION