Rick Davis

2.9

2.9

Position	Company	Period
Interim Chief Financial Officer	Ares Commercial Real Estate Corp	None -
Treasurer	Ares Capital Corp	Dec. 1, 2010 - Jan. 1, 2012
Treasurer	Allied Capital Corp	None -

• Purchase • Sale • Planned purchase • Planned sale Net purchase Net sale Buy signal Sell signal Earnings

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Abbreviations B: Buy, S: Sell, PP: Planned purchase, PlS: Planned sale, PrS: Proposed sale, O: Option / Other

Notification date	Transaction date	Company	B/S Transaction type	Nb. shares Price Value	Number of shares	Price	Value	Details
2012-06-06	2012-06-06	Ares Commercial Real Estate Corp (ACRE)	B Purchase	40,493 +47.2% 461.60 US$2,782,259	40,493 +47.2%	461.60	US$2,782,259
2012-06-06	2012-06-04	Ares Commercial Real Estate Corp (ACRE)	B Purchase	33,419 +14.6% 383.06 US$422,488	33,419 +14.6%	383.06	US$422,488