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SHAREHOLDER UPDATES

Q3 2008 Shareholder Presentation

2007 Annual Report

AMERICAN CAPITAL NEWS

American Capital Provides Details of $73 Million Net Realized Portfolio Gains from Third Quarter 2008 Exits

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

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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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OUR PEOPLE

+49 (0) 69 71 71 297 0Robert von Finckenstein

Managing Director, Germany

Robert von Finckenstein joined European Capital in 2007 as Managing Director in European Capital's Frankfurt office. Prior to European Capital, Robert had been at Dresdner Anschutz Mezzinvest, where he was Managing Director and Co-Head of DAM Advisors Ltd. in London. At DAM Advisors he originated mezzanine and subordinated debt transactions for German Mittelstand companies totaling approximately € 300 million.

Prior to DAM Advisors, Robert was at Dresdner Kleinwort Benson's Leveraged Finance Team in New York, where he worked closely with numerous North American Private Equity sponsors on LBOs, acquisition financings and recapitalizations. He later continued with Dresdner Kleinwort's Acquisition Finance Group in Frankfurt where he structured and arranged notable transactions for both investment grade and non-investment grade borrowers, particularly in the technology sector.

Robert holds a Bachelor of Arts Honours (Economics) degree from Carleton University in Ottawa, Ontario.