PROSPECT CAPITAL - TEAM

<BODY BGCOLOR="#FFFFFF"> <TABLE WIDTH="678" BORDER="0" CELLSPACING="0" CELLPADDING="0"> <TR> <TD COLSPAN="2"> <TABLE WIDTH="679" BORDER="0" CELLSPACING="0" CELLPADDING="0"> <TR VALIGN="TOP" BGCOLOR="#737486"> <TD><IMG SRC="Images/InHeader.jpg" WIDTH="679" HEIGHT="84"></TD> </TR> <TR VALIGN="TOP" BGCOLOR="#C09759"> <TD> <table border="0" cellpadding="0" cellspacing="0" width="680"> <tr> <td WIDTH="203"><img name="NAVSLICE" src="Images/shim.gif" width="200" height="1" border="0"></td> <td WIDTH="56"><A HREF="#" onMouseOut="MM_swapImgRestore()" onMouseOver="MM_swapImage('document.About','document.About','Images/Nav2/ABOUT1.gif','#1119466147700')"><IMG NAME="About" BORDER="0" SRC="Images/Nav2/ABOUT2.gif" WIDTH="54" HEIGHT="17"></A></td> <td WIDTH="65"><A HREF="History.html" onMouseOut="MM_swapImgRestore()" onMouseOver="MM_swapImage('document.History','document.History','Images/Nav2/HISTORY2.gif','#1119466172470')"><IMG NAME="History" BORDER="0" SRC="Images/Nav2/HISTORY1.gif" WIDTH="63" HEIGHT="17"></A></td> <td WIDTH="55"><A HREF="Team.html" onMouseOut="MM_swapImgRestore()" onMouseOver="MM_swapImage('document.Team','document.Team','Images/Nav2/TEAM2.gif','#1119466200100')"><IMG NAME="Team" BORDER="0" SRC="Images/Nav2/TEAM1.gif" WIDTH="53" HEIGHT="17"></A></td> <td WIDTH="70"><A HREF="Contact.html" onMouseOut="MM_swapImgRestore()" onMouseOver="MM_swapImage('document.Contact','document.Contact','Images/Nav2/CONTACT2.gif','#1119466223720')"><IMG NAME="Contact" BORDER="0" SRC="Images/Nav2/CONTACT1.gif" WIDTH="68" HEIGHT="17"></A></td> <td WIDTH="76"><A HREF="Location.html" onMouseOut="MM_swapImgRestore()" onMouseOver="MM_swapImage('document.Location','document.Location','Images/Nav2/LOCATION2.gif','#1119466246450')"><IMG NAME="Location" BORDER="0" SRC="Images/Nav2/LOCATION1.gif" WIDTH="74" HEIGHT="17"></A></td> <td WIDTH="56"><A HREF="index.htm" onMouseOut="MM_swapImgRestore()" onMouseOver="MM_swapImage('document.Home','document.Home','Images/Nav2/HOME2.gif','#1119466276000')"><IMG NAME="Home" BORDER="0" SRC="Images/Nav2/HOME1.gif" WIDTH="54" HEIGHT="17"></A></td> <td WIDTH="88"><A HREF="LogIn.html" onMouseOut="MM_swapImgRestore()" onMouseOver="MM_swapImage('document.Log In','document.Log In','Images/Nav2/CLI2.gif','#1119466318520')"><IMG NAME="CLI1" BORDER="0" SRC="Images/Nav2/CLI1.gif" WIDTH="92" HEIGHT="17"></A></td> <td WIDTH="11"><img name="NAVSLICE" src="Images/shim.gif" width="2" height="1" border="0"></td> </tr> </table> </TD> </TR> </TABLE> </TD> </TR> <TR> <TD VALIGN="TOP"> <TABLE WIDTH="580" VALIGN="TOP" CELLPADDING="2" CELLSPACING="2" BORDER="0"> <TR> <TD> <P CLASS="Header">ABOUT</P> <P><SPAN CLASS="Body">History of Prospect Capital and its Principals (1994-Present) Prospect Capital was formed in late 2003 by the principals of InterSecurities Ltd., Stuart Hamlyn and Bill Belhumeur. InterSecurities is a ten year old broker-dealer firm, which was initially a member of the Interfin Group of companies, serving an extensive network of professional hedge fund investors. Prospect Capital continues the mission of the Interfin Group, helping offshore and domestic institutions and large family offices place capital with outstanding hedge funds. We have always maintained a strict focus on alternative investments and have developed significant expertise in the domain. We have assisted investors with research, diligence and acquiring capacity in hedge funds of varying strategies, sizes and locations. In the mid 1990s, the Interfin Group consisted of a U.S. based advisory firm (Interfin Corp.), a Geneva based advisory firm (Interfin Management S.A.), and a Nassau based broker-dealer, InterSecurities Ltd. InterSecurities was established in 1996 as an SEC registered, NASD member firm intended to collect certain revenues earned by the group through hedge fund transactions, while the group's other member firms concentrated on advisory services and asset management. Initially, the investor concentration of the Interfin Group was European and other offshore investors - typically banks, asset management firms, fund of funds, and other financial intermediaries. We were also effective at serving large and sophisticated family offices in Europe who were experienced at hedge fund investing but needed research support to uncover new investment opportunities. Progressively, in the late 1990s and early 2000s, we expended our client base to include U.S. based family offices, fund of funds, and institutions. We frequently have advised the institutional consulting firms and multi-family asset management firms on their alternative investments - as these allocations have increased in recent years, and such firms recognize the need for acquiring greater expertise in this growing asset class. In 2002, we broadened our experience by participating in direct asset management through our partnership with Olympius Capital, a San Francisco based fund of funds. This highly concentrated fund of funds had remarkable success securing capacity in top-tier closed hedge funds. We have served on the Investment Committee of Olympius Capital and continue to serve on the Board of Directors of the funds. This partnership allowed us to provide our clients with access to some of the most sought after closed hedge funds in the world and has opened up many new opportunities to acquire capacity. As we launched Prospect Capital in late 2003, we recognized that our firm's role must continue to adapt as our industry continues to evolve. While hedge fund investors will always seek assistance locating outstanding funds and vetting potential investments, the huge inflows of new capital have resulted in a supply of capital that greatly exceeds the capacity of established, quality managers. Since this new reality forces investors to seek investments with smaller, emerging fund managers, the challenge of finding outstanding funds among the roughly 8,000 in existence, is far greater than ever before - creating an increased need for Prospect to assist our clients with the research and vetting process. As a result, we have broadened our role to include advising investors on earlier stage hedge funds and even seeding opportunities. We look forward to expanding our team and our service offering - attempting to continue to meet the needs of our growing industry without ever losing our focus and expertise. </SPAN></P> </TD> </TR> </TABLE> </TD> <TD VALIGN="TOP"> <TABLE WIDTH="100" BORDER="0" CELLSPACING="2" CELLPADDING="2"> <TR VALIGN="TOP"> <TD> <P> </P> <P><SPAN CLASS="Quote">"We look forward to expanding our team and our service offering - attempting to continue to meet the needs of our growing industry without ever losing our focus and expertise."</SPAN> </P> </TD> </TR> </TABLE> </TD> </TR> </TABLE> </BODY>