Carlyle Secured Lending CGBD

Nigel D.T. Andrews has served on our Board since 2012 and is the Chairman of the Audit Committee and the Compensation Committee and a member of the Nominating and Governance Committee. Mr. Andrews has also served as a member of the Board of Directors of CARS since April 2017, and is the Chair of the Audit Committee of CARS. Mr. Andrews was a member of the board of trustees and audit committee of CSL III from June 2021 until its merger with and into the Company in March 2025. Prior to the completion of the NFIC Acquisition in June 2017, Mr. Andrews served as a member of the board of directors and on the audit committee of NFIC. Mr. Andrews may from time to time serve as an independent director of other entities affiliated with Carlyle or of investment vehicles managed by Carlyle or its affiliates. Mr. Andrews previously served as governor at London Business School, a director and a member of the audit and remuneration committees at Old Mutual plc., and Chair of Old Mutual Asset Management, where he served from 2002 to 2014. Mr. Andrews continues to actively manage his own private investments and to serve as a trustee of Victory Funds, a position he has held since 2002. From 2000 to 2010, Mr. Andrews served on the board of directors of Chemtura Corporation, a New York Stock Exchange listed company. Mr. Andrews also served as a Managing Director of Internet Capital Group, Inc. from 2000 to 2001. From 1987 to 2000, Mr. Andrews held various senior management positions within General Electric Company (GE), including Executive Vice President of GE Capital from 1993 to 2000 and, prior to that, Vice President and General Manager of GE Plastics-Americas. During Mr. Andrews' thirteen-year career with GE, he also served as a Vice President for Corporate Business Development and Strategy reporting to the chair of the board. Prior to joining GE, Mr. Andrews was a partner at Booz Allen Hamilton Inc. He began his career in business management at Shell International Chemical Company.

Linda Pace has served as Chair of our Board since December 31, 2019. Ms. Pace has also served as Chair of the board of directors of CARS since December 31, 2019. Ms. Pace was Chair of the board of trustees of Carlyle Secured Lending III (CSL III) from June 2021 until its merger with and into the Company in March 2025. On December 31, 2022, Ms. Pace stepped down as CEO and President of the Company and CARS, but continues to serve as the Company's Board Chair. Until December 31, 2023, Ms. Pace also served as a Managing Director of Carlyle and the Vice Chair of Carlyle Global Credit. Previously, she was responsible for Carlyle's Global Loans and Structured Credit Group. Prior to that role, she was responsible for portfolio management for Carlyle High Yield Partners, deploying capital into the U.S. market in cash and synthetic form. Prior to joining Carlyle, Ms. Pace spent ten years with BHF-Bank AG, where she was co-head of the bank's Syndicated Loan group in New York. She invested in leveraged loans on behalf of the bank's $2 billion on-balance sheet portfolio, as well as their $400 million Collateralized Loan Obligation funds. Prior to that, Ms. Pace worked at Societe Generale as a Corporate Credit Analyst. Ms. Pace received her undergraduate degree in French from Douglass College and her MBA in Finance from New York University.

John G. Nestor has served on our Board since 2013, and is the Chairman of the Nominating and Governance Committee and is a member of the Audit Committee and Compensation Committee. Mr. Nestor has also served as a member of the Board of Directors and the Audit Committee of CARS since April 2017. Mr. Nestor was a member of the board of trustees and audit committee of CSL III from June 2021 until its merger with and into the Company in March 2025. Prior to the completion of the NFIC Acquisition in June 2017, Mr. Nestor served as a member of the board of directors and on the audit committee of NFIC. Mr. Nestor may from time to time serve as an independent director of other entities affiliated with Carlyle or of investment vehicles managed by Carlyle or its affiliates. Mr. Nestor joined Kirtland Capital Partners in March 1986 and has held various positions at the private investment firm over the years, including Chief Executive Officer and Managing Partner. Prior to joining Kirtland Capital Partners, Mr. Nestor worked for sixteen years for Continental Illinois Bank. For eight years he focused on lending to small businesses in the Chicago area. In 1977, Mr. Nestor was transferred to Philadelphia where he was involved in commercial lending and, in 1979, he moved to Cleveland to manage Continental's Cleveland Office. Mr. Nestor is the former chair of the board of directors of SmartSource Computer and Audio Visual Rentals, and formerly served as a member of the board of directors of Form Tech Concrete Forms and a member of the board of advisors of The Gates Group. Mr. Nestor serves as a trustee of the Kelvin and Eleanor Smith Foundation.

Leslie E. Bradford has served on our Board since October 2017 and is a member of our Audit Committee, Nominating and Governance Committee and Compensation Committee. Ms. Bradford has also served as a member of the Board of Directors and the Audit Committee of CARS since October 2017. Ms. Bradford was a member of the board of trustees and audit committee of CSL III from June 2021 until its merger with and into the Company in March 2025. Ms. Bradford may from time to time serve as an independent director of other entities affiliated with Carlyle or of investment vehicles managed by Carlyle or its affiliates. From 2011 to 2013, Ms. Bradford was a senior advisor and director of the Alumni Network of Morgan Stanley. Prior to that, Ms. Bradford had risk management and advisory responsibilities throughout all business unit and support areas of Morgan Stanley over a twenty five plus year career. Prior to joining Morgan Stanley, Ms. Bradford was a vice president in the corporate division of Irving Trust Company from 1977 to 1985 and was responsible for the development of corporate client lending and non-lending business in Northeastern United States. Ms. Bradford has also served on the boards and committees of various organizations, including as a former trustee of the American Foundation for the Blind, a former trustee of the Morgan Stanley Foundation, and a Dartmouth College Fund Committee member. Ms. Bradford holds an undergraduate degree in Religion from Dartmouth College and an M.B.A. in Finance from the New York University Graduate School of Business.

William H. Wright II has served on our Board since February 2021 and is a member of the Audit Committee, Nominating and Governance Committee and Compensation Committee. Mr. Wright has also served as a member of the Board of Directors and the Audit Committee of CARS since February 2021. Mr. Wright was a member of the board of trustees and audit committee of CSL III from June 2021 until its merger with and into the Company in March 2025. Mr. Wright may from time to time serve as an independent director of other entities affiliated with Carlyle or of investment vehicles managed by Carlyle or its affiliates. Mr. Wright was a Managing Director of Morgan Stanley until his retirement in 2010, having joined the firm in 1982. During his career in investment banking at Morgan Stanley, Mr. Wright headed the corporate finance execution group where he was responsible for leading and coordinating teams in the execution of complex equity offerings for multinational corporations. Following his career in investment banking, Mr. Wright served as an independent board member of two SEC registered closed-end funds until 2016, and of a BDC from 2018 to 2020. He also served on the faculties of the Ray Garrett Jr. Corporate and Securities Law Institute at Northwestern Pritzker School of Law and the Practising Law Institute. Mr. Wright is currently on the board of directors of Brookfield Real Assets Income Fund Inc., Center Coast Brookfield MLP & Energy Infrastructure Fund, and Brookfield Investment Funds. He is also a member of the board of directors of the New York City Ballet and a trustee of Mount Sinai Health System. In addition to serving on other boards, he is interested in innovative philanthropic initiatives. He received a B.A. from Yale University and an M.B.A. from the Darden School of the University of Virginia.

Michael Hadley was appointed as our Vice President and Head of Underwriting in April 2022 and has served as our Chief Investment Officer since September 2022. Mr. Hadley currently serves as the Chief Investment Officer, Vice President and Head of Underwriting of CARS. Mr. Hadley was a Vice President and Head of Underwriting of CSL III from April 2022 and its Chief Investment Officer from October 2022 until its merger with and into the Company in March 2025. Mr. Hadley is the Chief Investment Officer and Head of Underwriting for the Carlyle Direct Lending business. Previously, he focused on investment opportunities in the automotive and transportation, industrial, metals and mining and paper and forest products sectors. Prior to joining Carlyle, Mr. Hadley was an Analyst at Katonah Debt Advisors where he focused on leveraged loan and high yield investments across multiple sectors. Mr. Hadley started his career at The Chase Manhattan Bank, where he worked as an investment banker in both the Structured Credit Products and Global Chemicals groups. Mr. Hadley received his undergraduate degree from Florida A&M University.

Alex Popov was appointed as our Vice President and Head of Private Credit in April 2022. Mr. Popov currently serves as the Vice President and Head of Credit Opportunities of CARS. Mr. Popov was a Vice President and Head of Private Credit of CSL III from April 2022 until its merger with and into the Company in March 2025. Mr. Popov also serves as Head of Credit Opportunities of Carlyle. Mr. Popov is a Partner of Carlyle. Prior to joining Carlyle, Mr. Popov was a Managing Director at HPS Investment Partners (formerly Highbridge Principal Strategies) where he led investments in the U.S. for HPS Mezzanine Funds and was a member of the investment committee for HPS Mezzanine Fund III and HPS Investment Partners' firm-wide Credit Committee. Mr. Popov founded and led HPS Investment Partners' real estate credit platform. Before joining HPS Investment Partners, Mr. Popov worked at Oaktree Capital Management, focusing on credit investments across sectors. Earlier in his career, he worked at American Capital Strategies and Donaldson, Lufkin & Jenrette. Mr. Popov received his undergraduate degree from Cornell University and his MBA from NYU Stern School of Business.

Joshua Lefkowitz was appointed as our Chief Compliance Officer and Secretary in November 2021. Mr. Lefkowitz currently serves as the Chief Compliance Officer and Secretary of CARS. Mr. Lefkowitz was the Chief Compliance Officer and Secretary of CSL III from November 2021 until its merger with and into the Company in March 2025. Mr. Lefkowitz is a Managing Director of Carlyle. Mr. Lefkowitz may from time to time serve as an officer, director or principal of entities affiliated with Carlyle or of investment vehicles managed by Carlyle and its affiliates. Prior to joining Carlyle in April 2018, Mr. Lefkowitz was a Principal at Ares and previously worked at American Capital, Ltd., until it was acquired by Ares. Mr. Lefkowitz began his legal career as an associate at the law firms of Mayer Brown and Stroock & Stroock & Lavan

On February 18, 2026, the Board appointed Alex Chi as a Class II Director of the Company and its Chief Executive Officer, effective immediately. Mr. Chi, 53, joined Carlyle in January 2026 and serves as the Deputy Chief Investment Officer of Carlyle Global Credit and Head of Direct Lending. Prior to joining Carlyle, he had over 30 years of experience at Goldman Sachs. He spent six years in Goldman Sachs Asset Management, where he served as Co-Head of Private Credit in the Americas and as Co-Chief Executive Officer and Co-President of the firm's business development companies from August 2022 to August 2025. Prior thereto, he spent 25 years in Goldman Sachs' Investment Banking Division.

On February 18, 2026, the Board appointed Frank Taylor as Treasurer of the Company, effective immediately.

Nelson Joseph was appointed as our Principal Accounting Officer in March 2023 and our Treasurer in February 2024 and is our Principal Accounting Officer for SEC reporting purposes. Mr. Joseph currently serves as the Principal Accounting Officer and Treasurer of CARS. Mr. Joseph was the Principal Accounting Officer of CSL III from March 2023 and its Treasurer from February 2024 until its merger with and into the Company in March 2025. Mr. Joseph may from time to time serve as an officer, director or principal of entities affiliated with Carlyle or of investment vehicles managed by Carlyle and its affiliates. Mr. Joseph is a Principal of Carlyle. Prior to joining Carlyle, Mr. Joseph was a Finance Director at Apollo Global Management (Apollo), where he focused on the financial operations of the traded and non-traded Business Development Companies managed by affiliates of Apollo. Prior to Apollo, he was a Manager in PricewaterhouseCoopers LLP's Wealth and Asset Management Practice working on business development companies, hedge funds and private equity funds. Mr. Joseph has extensive experience in the asset management industry covering accounting, financial reporting, valuation, tax, regulatory reporting and treasury activities. Mr. Joseph received his BS in Business Management - Accounting from Binghamton University and is a Certified Public Accountant. On February 18, 2026, Nelson Joseph informed the Company that he is resigning from his position as Treasurer of the Company, effective immediately. Mr. Joseph will continue as the Company's Principal Accounting Officer.

On February 18, 2026, the Board appointed Thomas Hennigan as President of the Company, effective immediately. On April 29, 2025, the Board appointed Thomas Hennigan as a Class II director of the company. Mr. Hennigan is a Managing Director at Carlyle and has served as our Chief Financial Officer since March 2018 and our Chief Risk Officer since 2016. Mr. Hennigan currently serves as the Chief Financial Officer and Chief Risk Officer of Carlyle Credit Solutions, Inc. He also serves as Chief Operating Officer and Chief Risk Officer of Direct Lending. Mr. Hennigan was the Chief Financial Officer and Chief Risk Officer of Carlyle Secured Lending III from June 2021 until its merger with and into the Company in March 2025. Prior to the completion of the NFIC Acquisition in June 2017, Mr. Hennigan served as the Chief Risk Officer of NFIC. Mr. Hennigan may from time to time serve as an officer, director or principal of entities affiliated with Carlyle or of investment vehicles managed by Carlyle and its affiliates. Prior to joining Carlyle in 2011, Mr. Hennigan was a Senior Vice President and Head of Underwriting and Portfolio Management for Churchill Financial LLC, which he joined in 2006. In this role, Mr. Hennigan was responsible for managing Churchill Financial's underwriting and portfolio management activities, including supervising the professionals involved in the underwriting process. Mr. Hennigan joined Churchill Financial from GE Corporate Financial Services. During his four years at GE, Mr. Hennigan had underwriting and portfolio management responsibilities in the Global Sponsor Finance Group and in the Global Media and Communications Group. Mr. Hennigan began his career with Wachovia Securities, Inc. in 1998, where he worked in middle market investment banking and loan syndications. Mr. Hennigan's broad industry experience, leadership and intimate knowledge of the business and operations of the Company provide the Board with valuable insight.