MVC Capital Announces The Sale Of SHL Group Limited

MVC Capital, Inc. (NYSE: MVC) (the "Fund"), a publicly traded business development company that makes private debt and equity investments, today announced the closing of the sale of SHL Group Limited ("SHL"), a MVC portfolio company, to The Corporate Executive Board, (NYSE:EXBD), for $660 million in cash, subject to customary pre and post closing adjustments.

SHL provides workplace talent assessment solutions, including ability and personality tests, and psychometric assessments. The Fund first invested $6.0 million in PreVisor, Inc. in 2006. In January of 2011, SHL acquired PreVisor, Inc. and the Fund received shares in SHL.

With the closing of the transaction, the Fund anticipates receiving net proceeds that closely approximate the current carrying value of $15.3 million as of April 30, 2012.

With the increased liquidity, the Fund may explore several uses for the cash including, but not limited to, paying down a portion of its debt, in addition to capital redeployment into new and existing investments.

"We have been committed to working with our portfolio companies and seeking monetization events, assuming market conditions are appropriate,” said Michael Tokarz, Chairman and Portfolio Manager of MVC Capital. “This positive realization is an example of our continued focus and represents the further harvesting of investments as we are completing the utilization of our capital loss carry forwards. We would like to congratulate PreVisor and SHL’s management and employees and our co-investors on a successful transaction.”

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About MVC Capital, Inc.

MVC is a business development company traded on the New York Stock Exchange that provides long-term debt and equity investment capital to fund growth, acquisitions and recapitalizations of companies in a variety of industries. For additional information about MVC, please visit the MVC's website at www.mvccapital.com.

Forward-Looking Statements

The information contained in this press release contains forward-looking statements. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. Certain factors could cause actual results and conditions to differ materially from those projected in these forward-looking statements, and these factors are enumerated in the company's periodic filings with the Securities and Exchange Commission.

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