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SHAREHOLDER UPDATES

Q1 2009 Earnings Presentation

2009 Annual Meeting of Shareholders

2009 Proxy Materials

Q1 2009 Investor Fact Sheet

2008 Annual Report

AMERICAN CAPITAL NEWS

American Capital Provides Additional Information on Dividend

American Capital Declares $1.07 Dividend Per Share

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OUR PEOPLE

Tom McHale

Senior Vice President, Finance

Tom McHale joined American Capital in December 1998. Prior to joining American Capital, he served as Controller of Silver Diner, Inc., a publicly traded restaurant company. Tom began his career as an auditor with Price Waterhouse working with financial institutions and technology companies.

Mr. McHale received a Bachelor of Science in Business Administration in Accounting and Management from Georgetown University. He is a Certified Public Accountant.