CORRECTING and REPLACING Gladstone Capital Announces First Quarter Financial Results and Conference Call Dates

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MCLEAN, Va.--(BUSINESS WIRE)--

First graph, second sentence (dated January 25, 2007) should read: The Company will hold a conference call Wednesday February 7, 2007 at 8:30 am EST to discuss first quarter earnings.(sted: The Company will hold a conference call Thursday February 7, 2007 at 8:30 am EST to discuss first quarter earnings).

The corrected release reads:

GLADSTONE CAPITAL ANNOUNCES FIRST QUARTER FINANCIAL RESULTS AND CONFERENCE CALL DATES

Gladstone Capital Corp. (NASDAQ: GLAD) (the "Company") announced today that the Company plans to report earnings after the market closes on Tuesday, February 6, 2007 for the quarter ended December 31, 2006. The Company will hold a conference call Wednesday February 7, 2007 at 8:30 am EST to discuss first quarter earnings. Please call 877-407-8031 to enter the conference. An operator will monitor the call and set a queue for the questions. The replay number will be available two hours after the call for approximately 30 days. To hear the replay, please dial 877-660-6853 and use Access Code 286 and ID code 229420.

The live audio broadcast of Gladstone Capital's quarterly conference call will be available online at www.GladstoneCapital.com and www.investorcalendar.com. The online replay will follow shortly after the call.

Gladstone Capital is a specialty finance company that invests in debt securities consisting primarily of senior term loans, second lien loans, and senior subordinate loans in small and medium sized businesses. For more information please visit our website at www.GladstoneCapital.com.

For further information contact our Investor Relations at 703-287-5835.

This press release may include statements that may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements with regard to the future performance of the Company. Words such as "believes," "expects," "projects" and "future" or similar expressions are intended to identify forward-looking statements. These forward-looking statements inherently involve certain risks and uncertainties, although they are based on the Company's current plans that are believed to be reasonable as of the date of this press release. Factors that may cause the Company's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements include, among others, those factors listed under the caption "Risk factors" of the Company's Form 10-K for the Fiscal Year Ended September 30, 2006, as filed with the Securities and Exchange Commission on December 6, 2006. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Source: Gladstone Capital Corp.

Released January 25, 2007