Allied Capital Earnings to be Released November 5, 2009; Conference Call with Ares Capital Scheduled

WASHINGTON--(Business Wire)--
Allied Capital Corporation (NYSE: ALD) announced that it will release third
quarter 2009 results on Thursday, November 5, 2009. A conference call has been
scheduled for 11:00 am (EST) that day where the following separate presentations
will follow each other in immediate succession (i) Ares Capital will present its
third quarter earnings, (ii) Allied Capital will present its third quarter
earnings and (iii) Ares Capital and Allied Capital will discuss the recently
announced transaction whereby Ares Capital has agreed to acquire Allied Capital.
In addition to each party's ordinary course investor presentations regarding
earnings that will be posted on their respective websites, a presentation
outlining the transaction will be posted on the home page of the Investor
Resources section of each company`s website on November 5, 2009.

All interested parties are welcome to attend the live webcast, which will be
hosted through our web site at www.alliedcapital.com. Please visit the web site
to test your connection before the call. You can also access the conference call
by dialing (866) 450-8367 approximately 15 minutes prior to the call.
International callers should dial (412) 317-5427. All callers should reference
the "Ares Capital and Allied Capital Conference Call" and the Participant Elite
Entry #7230583 to join the conference.

An archived replay of the event will be available through November 20, 2009 by
calling (877) 344-7529 (international callers please dial (412) 317-0088).
Please reference passcode #434633. An archived replay will also be available on
our website. For complete information about the webcast/conference call and the
replay, please visit our website or call Allied Capital Investor Relations at
(888) 818-5298.

About Allied Capital

Allied Capital (NYSE: ALD) is a business development company (BDC) that is
regulated under the Investment Company Act of 1940. Allied Capital invests
long-term debt and equity capital in middle-market businesses nationwide.
Founded in 1958 and operating as a public company since 1960, Allied Capital has
been investing in the U.S. entrepreneurial economy for 50 years. Allied Capital
has a diverse portfolio of investments in 92 companies across a variety of
industries. For more information, please visit www.alliedcapital.com, call
Allied Capital investor relations toll-free at (888) 818-5298, or e-mail us at
ir@alliedcapital.com.

Forward-Looking Statements

The information contained in this press release contains forward-looking
statements. These forward-looking statements are subject to the inherent
uncertainties in predicting future results and conditions. Certain factors could
cause actual results and conditions to differ materially from those projected in
these forward-looking statements, and these factors are enumerated in Allied
Capital`s filings with the Securities and Exchange Commission.

Investor Relations Inquiries:
Allied Capital Corporation
Shelley Huchel, 202-721-6100
or
Media Inquiries:
Sitrick and Company, Inc.
Tom Becker, 212-573-6100

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