Frank Joins Fifth Street Finance as CFO

Alexander C. Frank has joined Fifth Street Finance Corp. as CFO. He most recently served as MD and CFO of Chilton Investment Co., an investment management firm. Before that, Frank spent 22 years at Morgan Stanley where his roles included Global Head of Institutional Operations, Global Corporate Controller and Chief Financial Officer of U.S. broker/dealer operations.

PRESS RELEASE

Fifth Street Finance Corp. (“Fifth Street”) (NYSE:FSC) announced today that Alexander C. Frank has joined the company as Chief Financial Officer.

Mr. Frank brings over 27 years of experience in finance, accounting, tax and risk management to the position. He most recently served as a Managing Director and Chief Financial Officer of Chilton Investment Company LLC, a global investment management firm, and prior to that spent over 22 years at Morgan Stanley at roles which included Global Head of Institutional Operations, Global Corporate Controller and Chief Financial Officer of U.S. broker/dealer operations.

Mr. Frank graduated with a B.A. in Government from Dartmouth College and a M.B.A. in Finance and Accounting from the University of Michigan. He has also been licensed as a CPA in NYS, a Series 27 principal by the SEC, and a Certified Cash Manager.

“Alex’s deep financial, accounting and operational experience, combined with strong leadership and fluency with complex financial reporting make him a natural fit for this position,” said Leonard Tannenbaum, Fifth Street’s Chief Executive Officer, adding “As Fifth Street continues to grow at a strong pace, his knowledge and experience will be valuable assets to our executive team.”

About Fifth Street Finance Corp.

Fifth Street Finance Corp. is a specialty finance company that lends to and invests in small and mid-sized companies, primarily in connection with investments by private equity sponsors. Fifth Street Finance Corp.’s investment objective is to maximize its portfolio’s total return by generating current income from its debt investments and capital appreciation from its equity investments.

Forward-Looking Statements

This press release may contain certain forward-looking statements, including statements with regard to the future performance of Fifth Street Finance Corp. Words such as “believes,” “expects,” “projects,” “anticipates,” and “future” or similar expressions are intended to identify 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 to differ materially from those projected in these forward-looking statements, and these factors are identified from time to time in Fifth Street Finance Corp.’s filings with the Securities and Exchange Commission. Fifth Street Finance Corp. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.