About Vestin Realty Mortgage II

Vestin Realty Mortgage II ("VRTB") was organized as a corporation on January 3, 2006 by Vestin Fund II, LLC ("Fund II") to succeed to the business of Vestin Fund II, a $500 million mortgage fund established in December 2000. We are not a mutual fund or an investment company within the meaning of the Investment Company Act of 1940, nor are we subject to any regulation there under. Fund II merged into VRTB in order to provide liquidity to Fund II's Unit Holders while maintaining the business operations, investment objectives and assets of Fund II.

To the extent practicable, we distribute our income, consistent with Fund II's practice of distributing all of its net income available for distribution. Distributions will be paid on a regular basis from cash available for distribution (generally equal to cash from operations, other than repayment of mortgage loan principal, less an amount set aside for creation or restoration of reserves). However, the actual amount and timing of any dividends will be determined and declared by our board of directors.

Our board of directors decided to suspend dividends during June 2008. Our board of directors will closely monitor our operating results in order to determine when dividends should be reinstated; however, we do not anticipate paying dividends in the foreseeable future.

We are a publicly traded company, and our shares of common stock are listed on the Nasdaq National Market under the symbol "VRTB".

We invest in loans secured by real estate through deeds of trust or mortgages which are defined in our management agreement as mortgage assets. The loans typically fall into the following categories: raw and unimproved land, acquisition and development, construction, commercial and residential. In addition we invest in, acquire, manage or sell real property and acquire entities involved in the ownership or management of real property. When making any investment decision, we will take into account the rules and regulations applicable to our company and our investment guidelines.