EUROPEAN CAPITAL OBTAINS EURO 400 MLN CREDIT FACILITY.

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LUXEMBOURG, Feb. 28 /PRNewswire-AsiaNet/ --

European Capital, SA SICAR ("European Capital") announced today that it has obtained commitments from affiliates of Wachovia Bank, NA and Harris Nesbitt Corp. for a euro 400 million multi-currency revolving credit facility, denominated in Euros, Pounds Sterling and U.S. Dollars. The ability to make draws under the facility expires in February 2008, unless the facility is extended prior to such date for an additional one or two years. Interest on borrowings under the facility is charged at either the applicable base rate, EURIBOR or LIBOR, plus 110 basis points. The facility is secured by investments made by European Capital and has a variable advance rate. At closing, European Capital borrowed euro 111 million under the facility to repay intercompany debts to its affiliate, American Capital, associated with the formation of European Capital.

European Capital has invested approximately euro 300 million ($356 million) in 14 companies since its formation in August of 2005. For more information about European Capital's portfolio, go to http://www.EuropeanCapital.com.

"We are pleased to announce the establishment of European Capital's first external credit facility, an expression of our lenders' confidence in us and our future," said Malon Wilkus, European Capital Chairman of the Board of Directors. "With this facility, European Capital has one of the lowest costs of capital in the industry, giving us a powerful competitive advantage. Together with our ability to provide senior debt, mezzanine debt and equity and One Stop Buyouts(TM), European Capital is in an excellent position to invest in the very best European companies."

"We are excited about European Capital's new working relationship with Wachovia and Harris Nesbitt, both of whom have been very supportive of American Capital," said Tom McHale, American Capital Senior Vice President, Finance. "We look forward to continuing our long-term relationship with them as we meet our capital needs in the most cost-effective manner."

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