Erik Zwick

Justin Marca

- Oxford Lane Capital Corp. (OXLC) provided an unaudited estimate of its Net Asset Value (NAV) per share of common stock as of **September 8, 2025**, in the range of **$20.02 to $20.22**.  **[1495222_ff7c97a7e39349dda9f994001b0b576c_0]** 
- This NAV estimate is presented following a **1-for-5 reverse stock split** that became effective on **September 5, 2025**.  **[1495222_ff7c97a7e39349dda9f994001b0b576c_0]** 
- The company explicitly states that this estimate is **unaudited**, was not approved by its board, and the actual NAV for the quarter ending September 30, 2025, **may differ materially**.  **[1495222_ff7c97a7e39349dda9f994001b0b576c_0]** 
- Furthermore, the fair value of portfolio investments could be **materially impacted** by unforeseen events after September 8, 2025.  **[1495222_ff7c97a7e39349dda9f994001b0b576c_1]**

Oxford Lane Capital (OXLC)