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One Vanderbilt Avenue Suite 3400 New York, NY 10017 (212) 813-4900

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publicinvestor@carlylesecuredlending.com

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Investors should consult with their financial advisor about the suitability of Carlyle Secured Lending Fund in their portfolio.

Investing in Carlyle Secured Lending Fund involves a high degree of risk, including the risk that you may receive little or no return on your investment or that you may lose part or all of your investment. This is a non-diversified closed-end fund. Shares of Carlyle Secured Lending Fund’s common stock are listed on the New York Stock Exchange.

Shares of closed-end funds frequently trade at a discount from their net asset value (NAV), which may increase investors’ risk of loss. Carlyle Secured Lending Fund cannot predict whether its shares will trade at, below or above NAV.

There is no assurance that Carlyle Secured Lending Fund’s investment objectives will be achieved or that monthly distributions paid by Carlyle Secured Lending Fund will be maintained at the targeted level or that dividends will be paid at all. Carlyle Secured Lending Fund’s distributions may be funded from unlimited amounts of offering proceeds or borrowings, which may constitute a return of capital and reduce the amount of capital available to Carlyle Secured Lending Fund for investment. A return of capital to shareholders is a return of a portion of their original investment in Carlyle Secured Lending Fund, thereby reducing the tax basis of their investment.

This material is provided for general and educational purposes only, is not intended to provide legal or tax advice, does not constitute a solicitation of an offer to buy or sell Carlyle Secured Lending Fund’s shares, and is not for use to avoid any penalties that may be imposed under U.S. federal tax laws. Contact your attorney or other advisor regarding your specific legal, investment or tax situation.

Investing involves risk. Carlyle Secured Lending Fund invests primarily in below investment grade instruments, which are commonly referred to as “high yield” securities or “junk” bonds. Carlyle Secured Lending Fund invests a significant portion of its assets in CLO junior debt and equity securities, which often involve risks that are different from or more pronounced than risks associated with other types of credit instruments. Because of the risks associated with investing in high yield securities, an investment in Carlyle Secured Lending Fund should be considered speculative.

Investors should carefully consider the investment objective, risks, charges and expenses of Carlyle Secured Lending Fund before investing.

Carlyle Secured Lending Fund’s filings with the Securities and Exchange Commission (“SEC”) contain information about Carlyle Secured Lending Fund’s investment objectives, risks, charges and expenses as well as other information about Carlyle Secured Lending Fund. These filings should be read carefully before investing. Carlyle Secured Lending Fund’s filings with the SEC may be found on the SEC’s website (www.sec.gov) or on Carlyle Secured Lending Fund’s website, www.carlylesecuredlending.com.