ARES CAP CORP

CUSIP: 04010LAD5 Class: CNV

RWC Asset Management LLP's Holding History (CIK: 0001520478)

Note: Option positions (PUT/CALL) are excluded.

Q1 2015

Shares 12,500,000 Value ($000) $13,020 Avg Close — Range —

Q4 2014

Shares 12,500,000 Value ($000) $12,881 Avg Close — Range —

Q3 2014

Shares 12,500,000 Value ($000) $13,080 Avg Close — Range —

Q2 2014

Shares 12,500,000 Value ($000) $13,425 Avg Close — Range —

Q1 2014

Shares 12,500,000 Value ($000) $13,512 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2015	12,500,000	$13,020	—	—
Q4 2014	12,500,000	$12,881	—	—
Q3 2014	12,500,000	$13,080	—	—
Q2 2014	12,500,000	$13,425	—	—
Q1 2014	12,500,000	$13,512	—	—