AMENDED: Carlyle Capital Corporation Ltd. Increases Liquidity to Weather Market Volatility

Guernsey, England (ots/PRNewswire) - Carlyle Capital Corporation
Limited (Amsterdam: CCC; GG00B1VYV826) (the "Company") today
announced that it has taken several steps to create additional
liquidity in the event of continued market volatility. The Company
sold certain assets and has strengthened its credit lines with its
repurchase agreement counterparties.

John Stomber, Chief Executive Officer of Carlyle Capital
Corporation, said, "This additional liquidity will help us better
weather the market conditions we are facing. We have determined that
it is in the best interest of our investors to maximize our liquidity
by selling certain assets, following careful consideration with our
Investment Committee and Board of Directors. We intend to keep our
high quality AAA-rated U.S. agency mortgage backed securities issued
by Fannie Mae or Freddie Mac, representing approximately 95% of our
assets, and benefit from their substantial inherent value, but sold
certain non-mortgage backed investments to help sustain a suitable
liquidity position."

To provide additional liquidity, the Company has taken the
following actions:

- We sold our interests in four collateral loan obligations
sponsored by The Carlyle Group at our cost to certain affiliates of
The Carlyle Group.

- We sold our interests in mezzanine debt securities at our cost
to certain affiliates of The Carlyle Group.

- We sold a substantial portion of our bank loans at or above our
book value.

- The Company was released from its commitment to fund US$75
million to one of The Carlyle Group's distressed debt investment
funds.

- We have affirmed with certain of our lenders collateral levels
that reflect the high quality of our AAA-rated U.S. agency issued
floating rate capped mortgage backed securities.

As announced on August 20, The Carlyle Group committed to lend the
Company US$100 million for one-year on an unsecured, subordinated
basis. The Company has fully drawn on that commitment.

The Carlyle Group has also agreed to lend the Company up to an
additional US$100 million, at such time and in such amounts as agreed
to at the time between the parties, which will be repaid upon receipt
of the proceeds from the asset sales. This loan from The Carlyle
Group may be drawn in installments, is secured by assets including
the excess proceeds from the sale of a portion of the bank loan
portfolio, and bears interest at 7%. The loan is due on September 27,
2007, but may be extended for an additional 30 days with mutual
consent of the parties, and may be prepaid without penalty. This loan
has no fees associated with it.

The asset sales total approximately US$900 million, or less than
5% of total assets, and will provide between approximately US$140
million and US$150 million after meeting all our obligations for the
associated debt. We estimate a realized loss from asset sales of
between approximately US$30 million and US$40 million. This loss will
be partially offset by net interest income, but will result in a loss
for the third quarter. Net income for the six months ended June 30,
2007 was approximately US$33.4 million. Given the expectation of a
net loss in the third quarter, it is unlikely the Company will pay a
dividend for the third quarter of 2007, as the Board believes the
Company should focus on preserving capital and rebuilding its
liquidity cushion.

As announced last week, the Company has scheduled an analyst call
for Wednesday August 29, 2007 at 9:00 A.M. (EDT) (2:00 P.M. London)
to discuss current market conditions. The call may be accessed by
dialing 800-263-8506 (North America) or +1-719-457-2681
(International); a pass code is not required but callers should
reference "CCC's Quarterly Results Call." A replay of the call will
be available until midnight (EDT), August 31, 2007 by dialing
888-203-1112 (North America) or +1-719-457-0820 and using passcode
5122249.

(Correction: The press release published yesterday erroneously
reported the due date of the Carlyle Group loan as September 27,
2008. This has been corrected to read September 27, 2007. In
addition, the dial-in information for Wednesday's call has been
updated.)

About Carlyle Capital Corporation

The Company is a Guernsey limited company that was formed on
August 29, 2006. The Company's objective is to achieve attractive
risk-adjusted returns for shareholders through current income and, to
a lesser extent, capital appreciation. Management seeks to achieve
this objective by investing in a diversified portfolio of fixed
income assets consisting of mortgage products and leveraged finance
assets. Management employs leverage to finance the Company's
investments. Income is generated primarily from the difference
between the interest income earned on the Company's assets and the
costs of financing those assets as well as from capital gains
generated when the Company disposes of assets.

Carlyle Investment Management L.L.C. ("CIM") manages the Company
pursuant to a management agreement. CIM is a registered investment
adviser under the U.S. Investment Advisers Act of 1940 and is an
affiliate of TC Group, L.L.C. (TC Group, L.L.C. and its affiliates,
collectively, "The Carlyle Group").

This press release does not constitute or form part of any offer
or invitation to sell or issue, or any solicitation of any offer to
purchase or subscribe for, any shares or other securities of Carlyle
Capital Corporation Limited. Certain of the information contained in
this press release represents or is based upon forward looking
statements or information. Forward-looking statements are inherently
uncertain, and changing factors, such as those affecting the markets
generally, or those affecting particular industries or issuers, may
cause events or results to differ from those discussed. Therefore,
undue reliance should not be placed on such statements or the
conclusions drawn therefrom, which in no event shall be construed as
a guarantee of future performance, results or courses of action. The
Carlyle Group and the Company expressly disclaim any obligation or
undertaking to update or revise any such forward-looking statements.
No statement in this press release is intended to be nor may be
construed as a profit or dividend forecast and there can be no
assurance that the assumptions described herein, the returns and
targets indicated herein will be achieved.

The Class B shares and the related restricted depositary shares of
the Company are subject to a number of ownership and transfer
restrictions, including restrictions that limit the ability of U.S.
persons to acquire or hold such securities.

ots Originaltext: Carlyle Capital Corporation Limited
Im Internet recherchierbar: http://www.presseportal.de

Contact:
Contact: Emma Thorpe +44-207-894-1630