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Form of Proxy

REDWOOD TRUST, INC.

Notes

No. Proposition For Against Abstain
1

Election of Director: Greg H. Kubicek

2

Election of Director: Christopher J. Abate

3

Election of Director: Doneene K. Damon

4

Election of Director: Armando Falcon

5

Election of Director: Douglas B. Hansen

6

Election of Director: Debora D. Horvath

7

Election of Director: Dashiell I. Robinson

8

Election of Director: Faith A. Schwartz

9

To consider and vote upon the ratification of the appointment of Grant Thornton LLP as our independent registered public accounting firm for 2026.

10

To consider and vote upon a non-binding advisory resolution to approve named executive officer compensation.

11

To vote on an amendment to our Second Amended and Restated 2014 Incentive Award Plan.