Allied Capital To Hold Annual Meeting of Stockholders

    Business Editors

    WASHINGTON--(BUSINESS WIRE)--May 10, 2005--Allied Capital Corporation (NYSE:ALD) will host its 2005 Annual Meeting of Stockholders on May 17, 2005, at 10:00 a.m. (EDT) at the Four Seasons Hotel in Washington, DC. All stockholders are invited to attend the meeting.
    An admission ticket or proof of ownership will be required to gain access to the meeting. Admission tickets were attached to the proxy cards that were mailed to all registered stockholders who owned shares of the Company as of February 25, 2005, the record date. Individuals who own shares through a broker or other nominee should bring a legal proxy or a brokerage statement to the meeting in order to show proof of ownership.
    All interested parties are welcome to attend the live webcast that will be hosted through our web site at www.alliedcapital.com. Please visit the web site to test your connection before the meeting begins. An archive of the webcast will be available on our web site. For complete information about the webcast, please visit our web site or call Allied Capital Investor Relations at (888) 818-5298.

    About Allied Capital

    Allied Capital Corporation, a leading business development company with total assets of more than $3 billion, has paid regular, quarterly cash dividends to shareholders since 1963. Since its IPO in 1960, the company has been providing long-term debt and equity financing primarily to private, middle market companies. Allied Capital's business is to generate solid total returns from a private equity and commercial real estate portfolio that invests in the American entrepreneurial economy. In serving its shareholders, Allied Capital helps build American companies and support American jobs. The Company's private finance portfolio includes investments in over 100 companies that generate aggregate revenues of more than $10 billion and employ more than 80,000 people.
    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 (888) 818-5298, or e-mail us at ir@alliedcapital.com. For all media inquiries, please call Stan Collender of Financial Dynamics at (202) 434-0601.

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CONTACT: Allied Capital Corporation Dale Lynch, 202-973-6344 or Media Contact: Financial Dynamics Stan Collender, 202-434-0601

KEYWORD: DISTRICT OF COLUMBIA INDUSTRY KEYWORD: BANKING REAL ESTATE BUILDING/CONSTRUCTION CONFERENCE CALLS SOURCE: Allied Capital Corporation

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