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SHAREHOLDER UPDATES

Q3 2008 Shareholder Presentation

2007 Annual Report

AMERICAN CAPITAL NEWS

American Capital to Present at Merrill Lynch Banking & Financial Services Conference

American Capital Announces Plan To Acquire European Capital, Revises Dividend Policy and Reports Q3 2008 Earnings

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PRESS COVERAGE

American Capital Dons Debt Hat, Promenades To A Stronger Exit, Dow Jones Private Equity Analyst

Buyouts Beat: Five Questions with Bowen Diehl, Buyouts

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NEWSLETTER

American Capital Newsletter

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OUR PEOPLE

(212) 444-9361Chris H. Carey

Principal, Sponsor Finance

Chris joined American Capital in March 2007 from Prudential Capital Group, the private placement investing area of Prudential Financial, where he was Senior Vice President. At Prudential, he ran a team that originated, underwrote and managed a portfolio of debt investments ranging from senior debt to mezzanine and equity investments. During the last five years of his nine year tenure with Prudential, Chris managed sponsor and company relationships in the Northeast with a focus on making investments in middle market manufacturing, distribution and service related businesses.

He received a B.A. in Economics and an M.B.A. from Duke University and is a Chartered Financial Analyst.