European Capital Renews Multi-Currency Secured Credit Facility

St. Peter Port, Guernsey (ots/PRNewswire) -

European Capital Limited (LSE: ECAS) and its subsidiaries,
European Capital S.A. SICAR and ECAS S.a.r.l. (collectively,
"European Capital") announced today the renewal of European Capital's
multi-currency revolving credit facility, denominated in Euros,
Pounds Sterling and U.S. Dollars. The renewal of the facility
resulted in a commitment of euro 580 million (US$905 million).
Wachovia Securities International Ltd. is the lead arranger and sole
bookrunner of the facility. The lenders in European Capital's
revolving credit facility are Wachovia Bank, N.A., London Branch,
Bank of Montreal Ireland p.l.c., Eureka Securitisation plc, an
affiliate of Citibank, N.A., London Branch and Alpine Securitization
Corp., an affiliate of Credit Suisse. The facility is secured by
certain debt investments made by European Capital, has a variable
advance rate and a spread of 250 bps.

European Capital currently has the following committed debt facilities:
EUROPEAN CAPITAL COMMITTED DEBT FACILITIES*
Total Commitment
Multicurrency Secured RLOC euro 580,000,000
Secured Term Notes euro 267,000,000
Multicurrency Unsecured RLOC euro 150,000,000
Unsecured RLOC US$400,000,000
Unsecured Private Placements
March 2007 US$37,500,000
January 2007 US$37,500,000
December 2006 euro 52,000,000
TOTAL COMMITTED DEBT FACILITIES** euro 1,353,500,000
* As of 27 June 2008.
** US Dollar facilities converted to Euros at 30 May 2008 exchange
rate.

"We are pleased with the renewal of our multi-currency secured
credit facility backed by a premier group of financial institutions,"
said John Erickson, Director, European Capital Financial Services
(Guernsey) Limited. "Despite the current liquidity crisis, our
lenders have confidence in European Capital's abilities, the business
model and the outstanding quality of the team and the portfolio."

"Our investment teams have been making outstanding investments in
some of Europe's best middle market companies for three years," said
John Hooker, Vice President, Debt Capital Markets, American Capital.
"The quality of our investments has been a significant factor in
allowing us to issue a term debt securitisation and renew our credit
facility during the current liquidity crisis."

European Capital manages a portfolio of investments totaling
approximately euro 2 billion in over 70 companies. European Capital
has invested over euro 1.4 billion (US$2.2 billion) in the last
twelve months, euro 318 million

(US$494 million) year to date and euro 149 million (US$231
million) quarter to date. European Capital has assisted in the
refinance or syndication of euro 84 million (US$130 million) of
senior debt for its portfolio companies in the last twelve months and
euro 607 million (US$942 million) inception to date. For more
information about European Capital's portfolio, go to
http://www.EuropeanCapital.com/Our_Portfolio/Portfolio.html

ABOUT EUROPEAN CAPITAL

European Capital is a publicly traded investment company for
pan-European equity, mezzanine and senior debt investments with
capital resources of approximately euro 2.4 billion (US$3.8 billion).
It is managed by European Capital Financial Services (Guernsey)
Limited ("ECFSG" or "the Investment Manager"), a wholly-owned
affiliate of American Capital Strategies, Ltd ("American Capital").

European Capital invests in and sponsors management and employee
buyouts, invests in private equity buyouts and provides capital
directly to private and public companies headquartered predominantly
in Europe. European Capital generally invests between euro 5 million
and euro 500 million per transaction in equity, mezzanine debt and
senior debt to fund growth, acquisitions and recapitalisations.

The investment objective of European Capital is to provide
investors with dividend income and the potential for share value
appreciation by investing in debt and equity investments in private
and public companies headquartered primarily in Europe. European
Capital seeks to achieve this through pursuing the following types of
investments:

European Capital One Stop Buyouts(TM)

Through our One Stop Buyouts(TM), European Capital provides
equity, mezzanine debt and senior debt as the lead investor in the
buyout of private and public companies.

Mezzanine Direct with Sponsors

European Capital provides debt and equity financing for buyouts
sponsored by private equity firms where European Capital is either
the sole or lead mezzanine debt investor.

Syndicated Mezzanine and Senior Debt

European Capital provides mezzanine and senior financing for
buyouts sponsored by private equity firms where European Capital is
neither the sole nor lead mezzanine or senior debt investor.

Direct Investments

European Capital provides debt and equity financing directly to
private and public companies, which is used for growth, acquisitions
or recapitalisations, and investing in structured finance vehicles.

Companies interested in learning more about European Capital's
flexible financing should contact Nathalie Faure Beaulieu at
+44-(0)20-7539-7000 in London, Jean Eichenlaub at
+33-(0)1-40-68-06-66 in Paris, Robert von Finckenstein at
+49-(0)69-71-71-297-0 in Frankfurt, or Luis Felipe Castellanos at
+34-91-423-27-60 in Madrid, or visit the website at
http://www.EuropeanCapital.com.

ABOUT AMERICAN CAPITAL

With US$21 billion in capital resources under management(1),
American Capital Strategies, Ltd. (Nasdaq: ACAS) is the only private
equity fund and alternative asset management company in the S&P 500.
American Capital, both directly and through its global asset
management business, is an investor in management and employee
buyouts, private equity buyouts, and early stage and mature private
and public companies. American Capital provides senior debt,
mezzanine debt and equity to fund growth, acquisitions,
recapitalisations and securitisations. American Capital and its
affiliates invest from US$5 million to US$800 million per company in
North America and euro 5 million to euro 500 million per company in
Europe.

(1) Capital resources under management is an estimate of internally and
externally managed assets and available capital resources as of
May 31, 2008 and does not include any fair value adjustments
subsequent to March 31, 2008.

This press release contains forward-looking statements. The
statements regarding expected results of European Capital and/or
American Capital are subject to various factors and uncertainties,
including the uncertainties associated with the timing of transaction
closings, changes in interest rates, availability of transactions,
changes in regional, national or international economic conditions,
or changes in the conditions of the industries in which European
Capital and/or American Capital has made investments.

Web site: http://www.americancapital.com
http://www.EuropeanCapital.com
http://www.EuropeanCapital.com/Our_Portfolio/Portfolio.html

ots Originaltext: European Capital
Im Internet recherchierbar: http://www.presseportal.de

Contact:
John Erickson, Director of European Capital Financial Services
(Guernsey) Limited, Tom McHale, Director of European Capital
Financial Services, John Hooker, Vice President, Debt Capital Markets
of American Capital, or Justin Cressall, Vice President, Equity
Capital Markets of American Capital, all at +1-301-951-6122; or Juan
Carlos Morales Cortes, Finance Director of European Capital Financial
Services, +44-(0)207-539-7000