Carlyle Capital Corporation Provides Update on Discussions with Major Lenders

NEW YORK--(Business Wire)--
Carlyle Capital Corporation Limited (Euronext Amsterdam ticker
symbol: CCC; ISIN: GG00B1VYV826) (the Company) today announced that,
with the assistance of The Carlyle Group, it is continuing discussions
with its lenders, on various subjects, including the execution of
standstill agreements, while evaluating all available options to
maximize value for all interested parties. Although the Company has
not received executed standstill agreements from its lenders, the
Company remains in active discussions with lenders who hold
approximately $16 billion in securities, and the Company believes that
such discussions progressed throughout the day in a constructive
manner.

No further events of defaults from the Company's remaining lenders
have been received. The Company believes that certain lenders may have
liquidated in the open market the collateral securing approximately
$700 million of additional indebtedness, bringing the total to
approximately $5.7 billion. As previously noted, to the best of the
Company's knowledge, no creditors or shareholders have instituted
legal action against the Company of any kind.

The Carlyle Group and the Company appreciate the efforts that the
remaining lenders have made in attempting to find a workable solution
to the Company's financing arrangements.

The Company continues to keep its various regulators informed of
recent events. The Company will provide updates as appropriate.

About Carlyle Capital Corporation

The Company is a Guernsey investment company that was formed on
August 29, 2006 and completed its initial offering in July 2007.
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 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
Class B shares and the related restricted depository 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.

Carlyle Capital Corporation Limited
Rowland Hunt, +1-212-813-4707

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