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SHAREHOLDER UPDATES

Q2 2008 Shareholder Presentation

Investor Fact Sheet

Investor Conference and Annual Meeting – New York, NY – May 19th

2007 Annual Report

AMERICAN CAPITAL NEWS

American Capital Provides Details of $63 Million Net Realized Portfolio Gains from Second Quarter 2008 Exits

American Capital Realizes a Gain of $19 Million from Sale of PaR Systems

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PRESS COVERAGE

Buyouts Beat: Five Questions with Bowen Diehl, Buyouts

American Capital Portfolio Company Confluence's new CEO aims to boost sales, The Greenville News

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NEWSLETTER

American Capital Newsletter

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OUR PEOPLE

Todd Friant

Vice President, American Capital Energy

Todd Friant joined American Capital in July 2005 as part of Energy Team in the Dallas office. Prior to joining American Capital, Mr. Friant was a Director at Hunt Resources, where he spent two years assisting in the build-out of Hunt Consolidated's (holding company for the oil and real estate businesses of Ray Hunt) energy-focused private equity initiative. While at Hunt, Mr. Friant originated, evaluated and managed a broad range of investments across all energy sectors. Prior to Hunt, Mr. Friant worked at Simmons and Company International in Houston, Texas where he specialized in merger and acquisition advisory assignments principally for oil field service companies. Before this, Mr. Friant worked at Salomon Smith Barney in the Financial Entrepreneur's Investment Banking Division in New York. At Salomon, Mr. Friant specialized in equity and debt underwriting and merger and acquisition advisory assignments for private equity groups across all industries. Mr. Friant's responsibilities included serving on the Boards of Directors of Consolidated Utility Services, Inc. and BPWest, Inc.

Todd earned a B.B.A. in Accounting and an M.S. in Finance, summa cum laude from Texas A&M University.

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