European Capital Declares Q2 Dividend of Euro 0.10 Per Ordinary Share; Increases 2007 Dividend Target to Euro 0.37 Per Ordinary Share

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

European Capital Limited ("European Capital") (LSE: ECAS)
announced today that its Board of Directors has declared an interim
dividend of euro 0.10 per ordinary share in respect of the second
quarter of 2007. The dividend is payable on 27 July 2007 to holders
of ordinary shares on the register at 4:30pm on 29 June 2007. The
dividend is European Capital's first since it listed on the London
Stock Exchange on 10 May 2007.

European Capital is also targeting third quarter and fourth
quarter interim dividends for 2007 of euro 0.13 and euro 0.14 per
ordinary share, respectively, for a targeted total 2007 dividend
following European Capital's initial public offering of euro 0.37 per
ordinary share. The 2007 targeted total dividend of euro 0.37 per
ordinary share is a euro 0.10 per ordinary share increase over
European Capital's previous target.

"European Capital continues to make excellent progress following
its initial public offering in May. The change in our dividend target
for the year and increase in dividends is a testament to European
Capital's success," said Ira Wagner, President of European Capital
Financial Services Limited, the sub-investment manager of European
Capital, and Chief Operating Officer of American Capital Strategies,
Ltd.

European Capital is managed by European Capital Financial Services
(Guernsey) Limited (the "Investment Manager"), a wholly-owned
subsidiary of American Capital Strategies, Ltd. ("American Capital").
American Capital is a leading US based investor in equity, mezzanine
and senior debt securities and is also the majority owner of European
Capital.

This press release is neither an offer to sell nor a solicitation
of an offer to buy European Capital ordinary shares.

ABOUT EUROPEAN CAPITAL

European Capital is a closed-end investment company for
pan-European equity, mezzanine and senior debt investments with
capital resources of approximately euro 2.1 billion (US$2.9 billion).
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 recapitalizations.

ABOUT AMERICAN CAPITAL

American Capital Strategies Ltd. (Nasdaq: ACAS), an affiliate of
European Capital, is the second largest U.S. publicly traded
alternative asset manager with US$12 billion in assets under
management (second to Fortress). 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, recapitalizations and securitizations. 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.

This announcement contains forward-looking statements. Statements
regarding expected results of European 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 has made investments.

Web site: http://www.americancapital.com

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

Contact:
John Erickson, Chief Financial Officer, +1-301-951-6122, or Tom
McHale, Senior Vice President, Finance, +1-301-951-6122, both of
American Capital