Allied Capital Announces Results of 2007 Annual Meeting of Stockholders.

WASHINGTON -- Allied Capital Corporation (NYSE:ALD) held its 2007 annual meeting of stockholders yesterday. Four items were submitted for stockholder approval. Stockholders approved all of the proposals during the meeting.

The items voted upon included the election of four directors of the Company who will serve for three years, the ratification of the selection of KPMG LLP to serve as the independent registered public accounting firm for the Company for the year ending December 31, 2007, the approval of the amendment to the Company's Restated Articles of Incorporation to increase the total number of shares of common stock that the Company is authorized to issue from 200,000,000 to 400,000,000, and the approval of the amendment to the Company's Amended Stock Option Plan to increase the number of shares authorized for issuance.

The company broadcast the meeting through a live webcast. A replay of this webcast is currently available through its website at www.alliedcapital.com.

About Allied Capital

Allied Capital Corporation, a leading business development company with total assets of $5 billion, has paid regular, quarterly cash dividends to shareholders since 1963. Since its IPO in 1960, Allied Capital has provided long-term debt and equity financing to thousands of middle market companies. Allied Capital invests in the American entrepreneurial economy by providing capital to companies seeking a long-term financial partner and access to managerial resources often unavailable to smaller companies. In serving its shareholders, Allied Capital helps build middle market businesses and support American jobs. At March 31, 2007, the company's private finance portfolio included investments in 144 companies that generate aggregate revenues of over $13 billion and employ more than 90,000 people.

Allied Capital provides flexible, competitive debt and equity capital for management and sponsor-led buyouts, recapitalizations, acquisitions and growth of middle market companies. Allied Capital's seamless, one-stop financing capabilities include first and second lien senior loans, unitranche debt, junior or mezzanine debt and equity.

Headquartered in Washington, DC, Allied Capital offers shareholders the opportunity to participate in the private equity industry through an investment in the Company's New York Stock Exchange-listed stock, which is traded under the symbol ALD. For more information, please visit www.alliedcapital.com, call Allied Capital investor relations toll-free at [phone], or e-mail us at [e-mail].