PSEC – A Prospect Capital Fund

Prospect Capital Announces 31% IRR Monetization of Cougar Pressure Control

May 2, 2008

NEW YORK, NY – (MARKET WIRE) – 05/02/08 – Prospect Capital Corporation
(NASDAQ: PSEC) (“Prospect”) announced today that Prospect has now
fully exited its investment in Arctic Acquisition Corp., dba Cougar
Pressure Control (“Cougar”…