CGBD · Carlyle Secured Lending, Inc.

Represents the average purchase price per share. The shares were purchased at prices ranging from $10.76 to $10.82 per share. Full information regarding the number of shares purchased at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.

Represents shares of the Issuer's Common Stock that the reporting person donated as a gift to a charitable entity.

Acquired by the reporting person upon completion of the transactions contemplated by the Agreement and Plan of Merger, dated as of August 2, 2024 (as amended), among Carlyle Secured Lending III ("CSL III"), Carlyle Secured Lending, Inc. ("CGBD"), Blue Fox Merger Sub, Inc., and, for the limited purposes set forth therein, CSL III Advisor, LLC and Carlyle Global Credit Investment Management L.L.C., pursuant to which each common share of beneficial interest, $0.0001 per share, of CSL III held by the reporting person was converted into the right to receive 1.2137 shares of CGBD, and, if applicable, cash (without interest) in lieu of fractional shares of CGBD common stock, par value $0.01 per share.

Acquired by the reporting person upon completion of the transactions contemplated by the Agreement and Plan of Merger, dated as of August 2, 2024 (as amended), among Carlyle Secured Lending III ("CSL III"), Carlyle Secured Lending, Inc. ("CGBD"), Blue Fox Merger Sub, Inc., and, for the limited purposes set forth therein, CSL III Advisor, LLC and Carlyle Global Credit Investment Management L.L.C., pursuant to which each common share of beneficial interest, $0.0001 per share, of CSL III held by the reporting person was converted into the right to receive 1.2137 shares of CGBD, and, if applicable, cash (without interest) in lieu of fractional shares of CGBD common stock, par value $0.01 per share.

Acquired by the reporting person upon completion of the transactions contemplated by the Agreement and Plan of Merger, dated as of August 2, 2024 (as amended), among Carlyle Secured Lending III ("CSL III"), Carlyle Secured Lending, Inc. ("CGBD"), Blue Fox Merger Sub, Inc., and, for the limited purposes set forth therein, CSL III Advisor, LLC and Carlyle Global Credit Investment Management L.L.C., pursuant to which each common share of beneficial interest, $0.0001 per share, of CSL III held by the reporting person was converted into the right to receive 1.2137 shares of CGBD, and, if applicable, cash (without interest) in lieu of fractional shares of CGBD common stock, par value $0.01 per share.

Acquired by the reporting person upon completion of the transactions contemplated by the Agreement and Plan of Merger, dated as of August 2, 2024 (as amended), among Carlyle Secured Lending III ("CSL III"), Carlyle Secured Lending, Inc. ("CGBD"), Blue Fox Merger Sub, Inc., and, for the limited purposes set forth therein, CSL III Advisor, LLC and Carlyle Global Credit Investment Management L.L.C., pursuant to which each common share of beneficial interest, $0.0001 per share, of CSL III held by the reporting person was converted into the right to receive 1.2137 shares of CGBD, and, if applicable, cash (without interest) in lieu of fractional shares of CGBD common stock, par value $0.01 per share.

Acquired by the reporting person upon completion of the transactions contemplated by the Agreement and Plan of Merger, dated as of August 2, 2024 (as amended), among Carlyle Secured Lending III ("CSL III"), Carlyle Secured Lending, Inc. ("CGBD"), Blue Fox Merger Sub, Inc., and, for the limited purposes set forth therein, CSL III Advisor, LLC and Carlyle Global Credit Investment Management L.L.C., pursuant to which each common share of beneficial interest, $0.0001 per share, of CSL III held by the reporting person was converted into the right to receive 1.2137 shares of CGBD, and, if applicable, cash (without interest) in lieu of fractional shares of CGBD common stock, par value $0.01 per share.

Acquired by the reporting person upon completion of the transactions contemplated by the Agreement and Plan of Merger, dated as of August 2, 2024 (as amended), among Carlyle Secured Lending III ("CSL III"), Carlyle Secured Lending, Inc. ("CGBD"), Blue Fox Merger Sub, Inc., and, for the limited purposes set forth therein, CSL III Advisor, LLC and Carlyle Global Credit Investment Management L.L.C., pursuant to which each common share of beneficial interest, $0.0001 per share, of CSL III held by the reporting person was converted into the right to receive 1.2137 shares of CGBD, and, if applicable, cash (without interest) in lieu of fractional shares of CGBD common stock, par value $0.01 per share.

Represents the average purchase price per share. The shares were purchased at prices ranging from $16.79 to $16.88 per share. Full information regarding the number of shares purchased at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.

Represents the average purchase price per share. The shares were purchased at prices ranging from $16.74 to $16.75 per share. Full information regarding the number of shares purchased at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.

The reporting person disclaims beneficial ownership of the securities held by his spouse except to the extent of his pecuniary interest therein.

Represents the average purchase price per share. The shares were purchased at prices ranging from $14.68 to $14.79 per share. Full information regarding the number of shares purchased at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.

Represents the average purchase price per share. The shares were purchased at prices ranging from $14.19 to $14.22 per share. Full information regarding the number of shares purchased at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer

Represents the average purchase price per share. The shares were purchased at prices ranging from $13.71 to $13.75 per share. Full information regarding the number of shares purchased at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.

Represents the average purchase price per share. The shares were purchased at prices ranging from $13.63 to $13.69 per share. Full information regarding the number of shares purchased at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.

Represents the average purchase price per share. The shares were purchased at prices ranging from $13.59 to $13.71 per share. Full information regarding the number of shares purchased at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.

Represents the average purchase price per share. The shares were purchased at prices ranging from $13.58 to $13.63 per share. Full information regarding the number of shares purchased at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.

Represents the average purchase price per share. The shares were purchased at prices ranging from $14.38 to $14.40 per share. Full information regarding the number of shares purchased at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.

Represents the average purchase price per share. The shares were purchased at prices ranging from $13.94 to $14.10 per share. Full information regarding the number of shares purchased at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.