FOR IMMEDIATE RELEASE:
13 August 2007

Contact
Tom McHale, Senior Vice President, Finance, American Capital +1 (301) 951-6122
Juan Carlos Morales Cortes, Finance Director, European Capital Financial Services Limited +44 (0) 207 539 7000

EUROPEAN CAPITAL WILL REPORT Q2 2007 RESULTS ON 22 AUGUST
Shareholder Call Scheduled for 23 August

St. Peter Port, Guernsey – 13 August 2007 – European Capital Limited (LSE: ECAS) announced today it will report second quarter 2007 earnings on Wednesday 22 August 2007.  European Capital invites shareholders, analysts and other interested persons to attend the European Capital Shareholder Call on Thursday 23 August at 15:00 BST (10:00 EDT).  The dial in number will be +1 (612) 332-0335.  Callers within the United States should dial +1 (800) 288-8961.  Please advise the operator you are dialing in for the European Capital Shareholder Call.

Point your browser to www.EuropeanCapital.com and click on the Q2 2007 Shareholder Call Slide Show button.

BEFORE THE CALL:
REVIEW SLIDE PRESENTATION IN ADVANCE OF THE SHAREHOLDER CALL
The quarterly shareholder presentation includes a slide presentation to accompany the call that participants may download and print prior to the call.  You may wish to take the time to review the slides in advance of the Shareholder Call.

DURING THE CALL:
VIEW STREAMING SLIDE PRESENTATION DURING THE SHAREHOLDER CALL
During the Shareholder Call you may watch and listen to the webcast or listen to the Shareholder Call by phone and step through the slides at your own pace.

AFTER THE CALL:
LISTEN AND VIEW AUDIO SLIDE PRESENTATION AFTER THE CALL
The audio of the Shareholder Call combined with the slide presentation will be made available after the call on 23 August on our website www.EuropeanCapital.com. 

AUDIO ONLY PRESENTATION AVAILABLE AFTER THE SHAREHOLDER CALL:
There will be a phone recording available from 22:00 BST Thursday 23 August until 04:59 BST Saturday 8 September.  If you are interested in hearing the recording of the presentation, please dial +1 (320) 365-3844.  Callers within the United States may dial +1 (800) 475-6701.  The access code for all callers is 882240.

For further information or questions, please do not hesitate to call our Investor Relations Department at +44 (0) 800 458 0770.

ABOUT EUROPEAN CAPITAL

European Capital is a publicy traded investment company for pan-European equity, mezzanine and senior debt investments with capital resources of approximately €2.1 billion ($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 €5 million and €500 million per transaction in equity, mezzanine debt and senior debt to fund growth, acquisitions and recapitalizations.

Companies interested in learning more about European Capital's flexible financing should contact Simon Henderson or 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) 91 745 99 63 in Madrid, or visit the website at www.EuropeanCapital.com.

ABOUT AMERICAN CAPITAL

American Capital Strategies Ltd. (Nasdaq: ACAS) is an affiliate of European Capital and the only alternative asset management company that is a member of the S&P 500.  With $16 billion in assets under management¹, American Capital is the largest U.S. publicly traded private equity fund and one of the largest publicly traded alternative asset managers.  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 $5 million to $800 million per company in North America and €5 million to €500 million per company in Europe.

¹Includes American Capital’s investment in externally managed funds.

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.