INVESTOR RELATIONS

Brokers Participating in American Capital's Third Amended Dividend Reinvestment Plan

In appreciation of the loyal support of our shareholders, American Capital has amended the Dividend Reinvestment Plan to grant a 2% discount to the market price for reinvested dividends*. Brokerages that have confirmed participation in the amended DRIP include**:

AG Edwards
Citigroup - Smith Barney
Fidelity
Merrill Lynch
Morgan Keegan
RBC Dain Rauscher
UBS Financial
Wachovia Securities
Wedbush Morgan

If you hold your shares with a participating brokerage, please contact them directly for enrollment information.

If you hold your shares in certificate form and are on record with American Capital's transfer agent, you must obtain an Enrollment Form from Computershare, complete and return it to enroll. To obtain an Enrollment Form, write or call:

Computershare
Investor Services
P.O. Box 43078
Providence, RI 02940-3078
(800) 733-5001
www.computershare.com/equiserve

*Applicable when the market price per share equals or exceeds 110% of NAV. Please see DRIP Prospectus for information.
**Other brokerages may elect to participate, please contact your broker if they are not listed.

Last updated March 31, 2008.