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Hercules Technology Growth Capital Raises Quarterly Cash Dividend To $0.25 Per Share, Up $0.01 From The Third Quarter, An Increase Of Approximately 4.0%

Hercules Technology Growth Capital, Inc. (NYSE: HTGC) (“Hercules” or the “Company”), the leading specialty finance company focused on providing senior secured loans to venture capital-backed companies in technology-related markets, including technology, biotechnology, life science and cleantech industries, at all stages of development, announced today that its Board of Directors has declared a fourth quarter cash dividend of $0.25 per share, an increase of 4.0% from the third quarter of 2012. The dividend will be payable on March 19, 2013, to shareholders of record as of March 11, 2013. In addition, the Company intends to distribute approximately $1.5 million, or approximately $0.03 per share, of spillover earnings from 2012 to its shareholders in 2013.

The Company maintains a variable dividend policy with the objective of distributing four quarterly distributions in an amount that approximates 90 - 100% of its taxable quarterly income or potential annual income for a particular year. In addition, at the end of the year, the Company may also pay an additional special dividend or fifth dividend, such that it may distribute approximately all of its annual taxable income in the year it was earned, while maintaining the option to spill over its excess taxable income.

The determination of the tax attributes of the Company's distributions is made annually as of the end of the Company's fiscal year based upon its taxable income for the full year and distributions paid for the full year. Therefore, a determination made on a quarterly basis may not be representative of the actual tax attributes of its distributions for a full year. The tax attributes of the Company's distributions for the year ended December 31, 2012 were paid 100% from earnings and profits. There can be no certainty to shareholders that the 2012 determination is representative of what the tax attributes of the Company's 2013 distributions to shareholders will actually be. The Company's distributions are intended to be paid from taxable income.

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