Disclaimers Main Street Capital Corporation (MAIN) cautions that statements in this presentation that are forward-looking, and provide other than historical information, involve risks and uncertainties that may impact our future results of operations. The forward-looking statements in this presentation are based on current conditions as of November 4, 2016 and include statements regarding our goals, beliefs, strategies and future operating results and cash flows, including but not limited to the equivalent annual yield represented by our dividends declared, the tax attributes of our dividends and the amount of leverage available to us. Although our management believes that the expectations reflected in any forward-looking statements are reasonable, we can give no assurance that those expectations will prove to have been correct. Those statements are made based on various underlying assumptions and are subject to numerous uncertainties and risks, including, without limitation: our continued effectiveness in raising, investing and managing capital; adverse changes in the economy generally or in the industries in which our portfolio companies operate; changes in laws and regulations that may adversely impact our operations or the operations of one or more of our portfolio companies; the operating and financial performance of our portfolio companies; retention of key investment personnel; competitive factors; and such other factors described under the captions “Cautionary Statement Concerning Forward Looking Statements” and “Risk Factors” included in our filings with the Securities and Exchange Commission (www.sec.gov). We undertake no obligation to update the information contained herein to reflect subsequently occurring events or circumstances, except as required by applicable securities laws and regulations. This presentation is neither an offer to sell nor a solicitation of an offer to buy MAIN’s securities. An offering is made only by an applicable prospectus. This presentation must be read in conjunction with a prospectus in order to fully understand all of the implications and risks of the offering of securities to which the prospectus relates. A copy of such a prospectus must be made available to you in connection with any offering. The summary descriptions and other information included herein are intended only for informational purposes and convenient reference. The information contained herein is not intended to provide, and should not be relied upon for, accounting, legal or tax advice or investment recommendations. Before making an investment decision with respect to MAIN, investors are advised to carefully review an applicable prospectus to review the risk factors described therein, and to consult with their tax, financial, investment and legal advisors. These materials do not purport to be complete, and are qualified in their entirety by reference to the more detailed disclosures contained in an applicable prospectus and MAIN’s related documentation. No representation or warranty, express or implied, is made as to the accuracy or completeness of the information contained herein, and nothing shall be relied upon as a promise or representation as to the future performance of MAIN. Distributable net investment income is net investment income, as determined in accordance with U.S. generally accepted accounting principles, or U.S. GAAP, excluding the impact of share-based compensation expense which is non-cash in nature. MAIN believes presenting distributable net investment income and the related per share amount is useful and appropriate supplemental disclosure of information for analyzing its financial performance since share-based compensation does not require settlement in cash. However, distributable net investment income is a non-U.S. GAAP measure and should not be considered as a replacement for net investment income and other earnings measures presented in accordance with U.S. GAAP. Instead, distributable net investment income should be reviewed only in connection with such U.S. GAAP measures in analyzing MAIN’s financial performance.

MAIN is a Principal Investor in Private Debt and Equity Internally-managed Business Development Company (BDC) Hybrid debt and equity investment strategy, internally managed operating structure and focus on Lower Middle Market differentiates MAIN from other investment firms • • IPO in 2007 Approximately $3.5 billion in capital under management – Approximately $2.4 billion internally at MAIN – Greater than $1.1 billion as a sub-advisor to a third party Invests in the under-served Lower Middle Market (LMM) •Generally companies with revenue between $10 million - $150 million; EBITDA between $3 million - $20 million Invests in interest-bearing debt investments in Middle Market companies •Generally issuances of secured and/or rated debt securities •Generally larger companies than LMM investment strategy Attractive asset management advisory services Significant management ownership / investment in MAIN Headquartered in Houston, Texas Main Street Capital Corporation NYSE: MAIN mainstcapital.com Page 4

MAIN is a Principal Investor in Private Debt and Equity Long-term focus on delivering our shareholders sustainable growth in net asset value and recurring dividends per share MAIN’s unique investment strategy, efficient operating structure and conservative capitalization are designed to provide sustainable, long-term growth in recurring monthly dividends, as well as long-term capital appreciation, to our shareholders Consistent cash dividend yield – dividends paid monthly • • MAIN has never decreased its monthly dividend rate Began paying periodic supplemental dividends in January 2013 and moved to semi-annual supplemental dividends in July 2013 Owns three Small Business Investment Company (SBIC) Funds • Main Street Mezzanine Fund (2002 vintage), Main Street Capital II (2006 vintage) and Main Street Capital III (2016 vintage) Provides access to 10-year, low cost, fixed rate government-backed leverage • Strong capitalization and liquidity position – stable, long-term debt and significant available liquidity to take advantage of opportunities • Favorable opportunities in capital markets through investment grade rating of BBB from Standard & Poor’s Rating Services Received our third SBIC license from the U.S. Small Business Administration (SBA) in August 2016 which provides us access to up to an incremental $125 million, for a total capacity of $350 million ($119 million undrawn at September 30, 2016) in SBIC debenture financing • Main Street Capital Corporation NYSE: MAIN mainstcapital.com Page 5

MAIN is a Principal Investor in Private Debt and Equity Equity investments in LMM portfolio provide both the opportunity to grow net asset value (NAV) and generate realized gains to support dividend growth Focus on LMM equity investments and efficient operating structure differentiates MAIN and provides opportunity for significant total returns for our shareholders • • NAV growth of $8.77 per share (or 68%) since 2007 Cumulative net realized gains from portfolio investments of $52.4 million since Initial Public Offering Approximately $2.38 per share in cumulative, pre-tax net unrealized appreciation at September 30, 2016 Realized gains provide taxable income in excess of net investment income and fund supplemental dividends • • Internally managed operating structure provides significant operating leverage • Favorable ratio of total operating expenses, excluding interest expense, to average total assets of approximately 1.4%(1) Greater portion of gross portfolio returns are delivered to our shareholders Significant positive impact to Net Investment Income Alignment of interests between MAIN management and our shareholders • • • (1) Based upon the trailing twelve month period ended September 30, 2016 Main Street Capital Corporation NYSE: MAIN mainstcapital.com Page 6

MAIN Strategy Produces Differentiated Returns Three Pronged Value Proposition – Three Ways to Win are Better Than One 1. Sustain and Grow Regular Monthly Dividends • • 68% increase from $0.330 per share in Q4 2007 to declared dividend of $0.555 per share in Q1 2017 Efficient operating structure provides operating leverage to grow distributable net investment income as investment portfolio and total investment income grow Never decreased regular monthly dividend (including through 2008/2009 recession) or paid a return of capital distribution Paid or declared $16.71 per share in regular monthly dividends since October 2007 IPO Most of MAIN’s peers generate virtually all of their total return through regular dividends Multi-faceted investment strategy supports growth over various cycles and markets • • • • 2. Supplement Regular Monthly Dividends with Semi-Annual Supplemental Dividends • Paid or declared $2.45 per share in supplemental dividends since 2012, resulting in total dividends paid or declared of $19.16 since October 2007 IPO at $15.00 per share Transitioned to semi-annual supplemental dividend vs. annual supplemental dividend in 2013 Primarily the product of realized gains on LMM equity investment component of strategy (analogous to PIK income on debt investments from cash flow perspective, but more tax efficient and without a cap on upside) • • 3. Meaningfully Grow Net Asset Value (“NAV”) Per Share • • • • • $12.85 at December 31, 2007 to $21.62 at September 30, 2016 – 68% growth; CAGR of 6.1% Primarily generated through retained earnings(1) (~25%) and accretive offerings (~75%) Represents incremental economic return to investors beyond dividends MAIN’s debt-focused peers (which comprises most BDCs) cannot generate NAV per share growth through the cycles Unrealized appreciation is good proxy for future dividend growth without need for additional capital through growing portfolio dividend income and harvested realized gains from equity investments Ability to grow NAV per share provides opportunity for MAIN stock share price appreciation and additional shareholder returns • (1) Retained earnings includes cumulative net investment income, net realized gains and net unrealized appreciation, net of cumulative dividends paid or accrued Main Street Capital Corporation NYSE: MAIN mainstcapital.com Page 7

Historical Dividend and Net Asset (“NAV”) Per Share Growth Value $0.90 $24.00 MAIN’s unique focus on equity investments in the Lower Middle Market provides the opportunity for significant NAV per share growth MAIN’s efficient operating structure provides significant operating leverage and greater dividends and overall returns for our shareholders MAIN’s dividends have been covered by DNII and net realized gains – MAIN has never paid a return of capital distribution $22.00 $0.80 $20.00 $0.70 $18.00 $0.60 $16.00 $0.50 $14.00 $0.40 $12.00 $0.30 $10.00 $0.20 $0.00 Q1 Q2 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2007 7 Regular Dividends Supplemental Dividends DNII per share NAV per share • Includes recurring monthly and supplemental dividends paid and declared as of November 3, 2016. Return on equity on trailing twelve month basis averaging approximately 14% from 2010 through the third quarter of 2016 • Main Street Capital Corporation NYSE: MAIN mainstcapital.com Page 8 DNII and Dividends Per Share NAV Per Share Recessionary Period Q4 Q3 Q4 Q1 Q2 Q3 2008 2009 2010 2011 2012 2013 2014 2015 2016 12701

MAIN Historical Highlights ($ in millions, except per shares amounts) (Jun) (Dec) Third SBIC Increased our 27 Companies (1) Through November 3, 2016, unless otherwise noted (2) Through September 30, 2016 Main Street Capital Corporation NYSE: MAIN mainstcapital.com Page 9 Milestones 2007 - 2009 2010 2011 2012 2013 2014 2015 2016(1) Significant Events }IPO $64.5 NASDAQ Listing (Oct 2007) }MAIN SBIC Debt Capacity Increased to $225.0 (Feb 2009) }Exchange Offer for 88% Ownership of Main Street Capital II (MSC II) (Second SBIC License) (Jan) }NYSE Listing (Oct) }SBIC of the Year Award (May) }Purchase of Remaining Equity In MSC II (Mar) }Supplemental Dividends: - $0.35/share (Jan) - $0.20/share (Jul) - $0.25/share (Dec) }S&P Investment Grade (IG) rating of BBB (Sep) }Supplemental Dividends: - $0.275/share (Jun) - $0.275/share (Dec) }Supplemental Dividends: - $0.275/share (Jun) - $0.275/share (Dec) }Supplemental Dividends: - $0.275/share - $0.275/share }Received our License and SBIC Debt Capacity to $350.0 (Aug) Senior Credit Facility }$30.0 (Oct 2008) }$85.0 (Sep) }$100.0 (Jan) }$155.0 (Jun) }$210.0 (Nov) }$235.0 (Dec) }$277.5 (May) }$287.5 (Jul) }Extension to 5-year maturity (Nov) }$372.5 (May) }$445.0 (Sep) }Revolving for Full 5-Year Period (Sep) }$502.5 (Jun) }$522.5 (Sep) }$572.5 (Dec) }$597.5 (Apr) }$555.0 (Nov) Debt Offerings }$92.0 6.125% 10-Year Notes (Apr) }$175.0 4.5% 5-Year IG Notes (Nov) Equity Offerings }IPO $64.5 (Oct 2007) } $17.4 (May 2009) }$42.4 (Jan) }$48.3 (Aug) }$73.9 (Mar) }$60.4 (Oct) }$97.0 (Jun) }$80.5 (Dec) }$136.9 (Aug) }$144.9 (Apr) }$136.1 (Mar) }ATM $4.5 }ATM $67.9 Total Value of Investment Portfolio and Number of Companies(2) 2007 $105.7 2008 $127.0 31 Companies 2009 $159.2 41 Companies $408.0 77 Companies $658.1 114 Companies $924.4 147 Companies $1,286.2 176 Companies $1,563.3 190 Companies $1,800.0 208 Companies $1,920.3 208 Companies

Lower Middle Market (LMM) Investment Strategy LMM investment strategy differentiates MAIN from its competitors and provides attractive risk-adjusted returns Investment Objectives • High cash yield from secured debt investments (10.5% weighted average cash coupon as of September 30, 2016); plus Dividend income and periodic capital gains from equity investments • Investments are structured for (i) protection of capital, (ii) high recurring income and (iii) meaningful capital gain opportunity Focus on self-sponsored, “one stop” financing opportunities • • • • Partner with business owners and entrepreneurs Recapitalization, buyout, growth and acquisition capital Extensive network of grass roots referral sources Strong and growing “Main Street” brand recognition / reputation Provide customized financing solutions Investments have low correlation to the broader debt and equity markets and attractive risk-adjusted returns Main Street Capital Corporation NYSE: MAIN mainstcapital.com Page 10

LMM Investment Opportunity MAIN targets LMM investments in established, profitable companies Characteristics of LMM provide beneficial risk-reward investment opportunities Large and critical portion of U.S. economy •175,000+ domestic LMM businesses (1) LMM is under-served from a capital perspective and less competitive Inefficient asset class generates pricing inefficiencies •Typical entry enterprise values between 4.5X – 6.5X EBITDA and typical entry leverage multiples between 2.0X – 3.5X EBITDA to MAIN debt investment Ability to become a partner vs. a “commoditized vendor of capital” (1) Source: U.S. Census 2012 – U.S. Data Table by Enterprise Receipt Size; 2012 County Business Patterns and 2012 Economic Census; includes Number of Firms with Enterprise Receipt Size between $10,000,000 and $99,999,999 Main Street Capital Corporation NYSE: MAIN mainstcapital.com Page 11

Middle Market Debt Investment Strategy Investment Objective •Generate cash yield from secured debt investments to support MAIN monthly dividend MAIN maintains a portfolio of interest-bearing debt investments in Middle Market companies Generally investments in secured and/or rated debt securities • • • • • 96% of current Middle Market portfolio is secured debt 88% of current Middle Market debt portfolio is first lien term debt Majority have a B or BB S&P rating Floating rate debt securities Investments in 81 companies Generally larger companies than the LMM investment strategy •Current Middle Market portfolio companies have weighted average EBITDA of approximately $101.6 million(1) More relative liquidity than LMM investments 6% – 10% targeted gross yields • • Weighted average yield of 8.4% Net returns positively impacted by lower overhead requirements / use of modest leverage Primarily floating rate debt investments (92% floating rate), providing opportunity for positive impact on yields if market benchmark interest rates increase • (1) This calculation excludes three Middle Market portfolio companies as EBITDA is not a meaningful valuation metric for our investment in these portfolio companies Main Street Capital Corporation NYSE: MAIN mainstcapital.com Page 12

Private Loan Investment Portfolio Investment Objectives MAIN’s Private Loan investments provide access to proprietary investments • Access proprietary investments with attractive risk / reward characteristics Generate cash yield to support MAIN monthly dividend • Investment Characteristics • Primarily includes secured debt investments in companies that are consistent with the size of companies in our LMM and Middle Market portfolios Proprietary investments originated through strategic relationships with other investment funds on a collaborative basis Current Private Loan portfolio companies have weighted average EBITDA of approximately $21.1 million(1) • • Generally investments in secured debt securities • • • • • 93% of current Private Loan portfolio is secured debt 88% of current Private Loan debt portfolio is first lien term debt Investments in 45 companies Weighted average yield of 9.6% Primarily floating rate debt investments (77% floating rate), providing opportunity for positive impact on yields if market benchmark interest rates increase (1)This calculation excludes three Private Loan portfolio companies as EBITDA is not a meaningful valuation metric for our investments in these portfolio companies Main Street Capital Corporation NYSE: MAIN mainstcapital.com Page 13

Asset Management Business MAIN’s asset management business represents additional income diversification and the opportunity for greater shareholder returns In May 2012, MAIN(1) entered into an investment sub-advisory agreement with the investment advisor to HMS Income Fund, Inc., a non-publicly traded BDC • MAIN(1) provides asset management services, including sourcing, diligence and post-investment monitoring MAIN(1) receives 50% of the investment advisor’s base management fee and incentive fees – MAIN(1) base management fee – 1% of total assets – MAIN(1) incentive fees – 10% of net investment income above a hurdle and 10% of net realized capital gains • MAIN’s internally managed operating structure provides MAIN’s shareholders the benefits of this asset management business Benefits to MAIN • No significant increases to MAIN’s operating costs to provide services (utilize existing infrastructure and leverage fixed costs) No invested capital – monetizing the value of MAIN franchise Impact on MAIN’s financial results • • $2.0 million contribution to net investment income in the third quarter of 2016(2) $5.8 million contribution to net investment income for the nine months ended September 30, 2016(2) $6.5 million contribution to net investment income for the year ended December 31, 2015(2) $30.1 million of cumulative unrealized appreciation as of September 30, 2016 – – – – (1) Through MAIN’s wholly owned unconsolidated subsidiary, MSC Advisor I, LLC (2) Contribution to Net Investment Income includes (a) dividend income received by MAIN from MSC Advisor I, LLC and (b) operating expenses allocated from MAIN to MSC Advisor I, LLC Main Street Capital Corporation NYSE: MAIN mainstcapital.com Page 14

MAIN Regulatory Framework Highly regulated structure provides significant advantages and protections to our shareholders, including investment transparency, tax efficiency and beneficial leverage Operates as Business Development Company •Regulated by Securities and Exchange Commission - 1940 Act •Publicly-traded, private investment company Regulated Investment Company (RIC) tax structure • • • Eliminates corporate level income tax Efficient tax structure providing high yield to investors Passes through capital gains to investors Small Business Investment Company (SBIC) subsidiaries • • • • Regulated by SBA Access to low cost, fixed rate, long-term leverage Total current outstanding leverage of $231 million(1) Received our third SBIC license from the SBA in August 2016 which provides us access to up to an incremental $125 million, for a total capacity of $350 million ($119 million undrawn at September 30, 2016) in SBIC debenture financing(1) MAIN is a previous SBIC of the Year Award recipient • (1) Regulatory SBIC leverage limit was increased in December 2015 from $225 million to $350 million Main Street Capital Corporation NYSE: MAIN mainstcapital.com Page 15

MAIN Corporate Structure – Internally Managed “Internally managed” structure means no external management fees or expenses are paid, providing operating leverage to MAIN’s business. MAIN targets total operating and administrative costs at or less than 2% of assets. (2016 vintage SBIC) SBIC Debt: $6 million remaining capacity)(3) (1) As of September 30, 2016, MAIN’s credit facility had $555.0 million in total commitments; MAIN’s credit facility includes an accordion feature which could increase total commitments up to $750.0 million $175.0 million of 4.50% Notes due December 2019 and $90.7 million of 6.125% Notes due April 2023 Received our third SBIC license from the SBA in August 2016 which provides us access to up to an incremental $125 million of SBIC debenture financing (2) (3) Main Street Capital Corporation NYSE: MAIN mainstcapital.com Page 16 Main Street Capital Corporation (BDC/RIC) Assets: ~$1,537 million Line of Credit: $313 million ($555.0 million facility)(1) Notes: ~$266 million(2) Main Street Mezzanine Fund, LP (2002 vintage SBIC) Main Street Capital II, LP (2006 vintage SBIC) Main Street Capital III, LP Assets: ~$200 million SBIC Debt: ~$75 million outstanding Assets: ~$244 million SBIC Debt: ~$150 million outstanding Assets: ~$26 million outstanding ($119 million

MAIN Co-Founders and Executive Management Team • • • Co-founded MAIN and MAIN predecessor funds (1997) Co-founded Quanta Services (NYSE: PWR) Partner in charge of a Big 5 Accounting Firm’s Corporate Finance/Mergers and Acquisitions practice for the Southwest United States • Co-founded MAIN; Joined Main Street group in 2002; affiliated with Main Street group since 1999 Director of acquisitions / integration with Quanta Services (NYSE: PWR) Manager with a Big 5 Accounting Firm’s audit and transaction services groups • • • • • Co-founded MAIN; Joined Main Street group in 2000 Investment associate at Sterling City Capital Manager with a Big 5 Accounting Firm’s transaction services group • • • Co-founded MAIN; Joined Main Street group in 2002 Vice President in Lazard Freres Investment Banking Division Vice President of McMullen Group (John J. McMullen’s Family Office) • • • Joined Main Street group in 2014 Previously CFO with publicly-traded oilfield services company Prior experience with a Big 5 Accounting Firm and a publicly-traded financial consulting firm • • Joined Main Street group in 2008 as General Counsel Previously attorney for Occidental Petroleum Corporation (NYSE: OXY) and associate in the corporate and securities section at Baker Botts LLP (1) Member of MAIN Executive Committee (2) Member of MAIN Investment Committee (3) Member of MAIN Credit Committee (4) (5) (6) Chief Credit Officer Chief Investment Officer Chief Compliance Officer Main Street Capital Corporation NYSE: MAIN mainstcapital.com Page 17 Jason Beauvais; JD SVP, GC, CCO(6) and Secretary Brent Smith; CPA CFO and Treasurer David Magdol(1)(2) Vice Chairman, CIO(5) and Senior Managing Director Curtis Hartman; CPA(1)(2)(3) Vice Chairman, CCO(4) and Senior Managing Director Dwayne Hyzak; CPA(1)(2) President, COO and Senior Managing Director Vince Foster; CPA & JD(1)(2)(3) Chairman and CEO

Ordinary and Capital Gain Dividends 2007 – YTD 2016 ($ in millions) MAIN’s unique investment strategy increases the tax efficiency of the dividends paid to our shareholders $150.0 $135.0 $120.0 $105.0 $90.0 $75.0 $60.0 $45.0 $30.0 $15.0 68% $0.0 2013(1) 2014(1) (1) 2015(1) (3) 2007 2008 2009 2010 2011 2012 2016 After-tax Yield MAIN actual (2) Hypo: 100% ordinary income (2) % Difference (1) (2) A percentage of the amount included in the chart above includes the January dividend paid in the following year for tax years 2011-2016 Calculated based on (a) average quarter-end stock prices, (b) assumed long-term capital gains tax rate of i) 15% for pre-2013 periods and ii) 20% thereafter, and (c) assumed ordinary tax rate of 39.6% Estimated based upon dividends which have been paid or declared as of November 3, 2016 and which will be included in 2016 Form 1099s. These percentages are based upon taxable income estimates through September 30, 2016 and do not include projections for the full year 2016 (3) Main Street Capital Corporation NYSE: MAIN mainstcapital.com Page 18 8.6%7.0%6.0%5.5%4.5%5.8%5.2%5.6%5.5% 7.4%6.7%5.6%4.9%3.8%5.3%4.9%5.4%5.0% (3) 16.3%4.9%7.3%10.6%18.7%9.7%6.0%4.1%9.7% Capital gain & qualified dividends Ordinary income dividends 30% 13% 87% 18% 70% 30% 82% 70% 46% 26% 74% 54% 18% 82% 32% 40% 88% Post-IPO 60%

Post-IPO Dividend Track Record – Sustainable Growth Cumulative dividends paid or declared from October 2007 IPO (at $15.00 per share) through Q1 2017 equal $19.16 per share(1) $0.55 $0.50 $0.45 Recurring monthly dividend has never been decreased and has shown meaningful (68%) growth since IPO $0.40 $0.35 $0.30 MAIN began paying supplemental dividends in January 2013, providing additional return to our shareholders $0.25 $0.20 $0.15 $0.10 MAIN began paying dividends monthly instead of quarterly in Q4 2008 $0.05 $0.00 Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1SPQ2Q3SPQ4SPQ1Q2SPQ3Q4SPQ1Q2SPQ3Q4SPQ1Q2SPQ3Q4 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 017 (1) Based upon dividends which have been paid or declared as of November 3, 2016 SP Represents supplemental dividends paid and declared to be paid as of November 3, 2016 Main Street Capital Corporation NYSE: MAIN mainstcapital.com Page 19 Q1 127 (1) Quarterly Dividends Per Share

UPDATE Sustainable Growth Post-IPO TTM Dividends Per Share – MAIN’s trailing twelve month (“TTM”) dividends per share, including the supplemental dividends paid and declared, have grown by 83% since December 31, 2010 Based upon the current annualized monthly dividends declared for the first quarter of 2017 and the annualized semi-annual supplemental dividends declared for December 2016, the annual effective yield on MAIN’s stock is 8.6%(3), or 6.9%(3) if the supplemental dividends are excluded $2.75 $2.50 $2.25 $2.00 $1.75 $1.50 $1.25 $1.00 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 017 Supplemental Dividends (2) Regular Dividends (1) (1) (2) (3) Based upon dividends which have been paid or declared as of November 3, 2016 Includes supplemental dividends paid or declared to be paid as of November 3, 2016, as applicable, for each TTM period Based upon the closing market price of $34.13 on November 3, 2016 Main Street Capital Corporation NYSE: MAIN mainstcapital.com Page 20 Q3 Q4 2008 2009 2010 2011 2012 2013 2014 2015 2016 127 TTM Dividends Per Share

Total Investment Portfolio Primarily includes complementary LMM debt and equity investments and Middle Market debt investments Diversity provides structural protection to investment portfolio, revenue sources, income, cash flows and dividends Total investment portfolio at fair value consists of approximately 43% LMM / 33% Middle Market / 18% Private Loan / 6% Other(1) Portfolio investments 197 LMM, Middle Market and Private Loan portfolio companies • • Average investment size of $8.7 million Largest individual portfolio companies represent 4.3%(2) of total investment income and 2.7% of total portfolio fair value (most investments are less than 1%) Five non-accrual investments, which represent 0.4% of the total investment portfolio at fair value and 2.8% at cost. Weighted average yield of 10.0% • • Significant diversification • • • Issuer Industry Transaction type • • • Geography End markets Vintage (1) Other includes MSC Adviser I, LLC, MAIN’s External Investment Advisor (2) Based upon total investment income for the trailing twelve month period ended September 30, 2016 Main Street Capital Corporation NYSE: MAIN mainstcapital.com Page 21

(1) Total Portfolio by Industry (as a Percentage of Cost) Energy Equipment & Services, 8% Media, 6% Construction & Engineering, 5% IT Services, 4% Commercial Services & Supplies, 4% Diversified Telecommunication Services, 3% Food Products, 3% Health Care Equipment & Supplies, 3% Diversified Financial Services, 2% Computers & Peripherals, 2% Communications Equipment, 2% Road & Rail, 2% Oil, Gas & Consumable Fuels, 1% Distributors, 1% Air Freight & Logistics, 1% Other, 8% Hotels, Restaurants & Leisure, 7% Machinery, 6% Electronic Equipment, Instruments & Components, 5% Specialty Retail, 4% Internet Software & Services, 4% Auto Components, 3% Diversified Consumer Services, 3% Health Care Providers & Services, 3% Software, 2% Professional Services, 2% Pharmaceuticals, 2% Building Products, 1% Consumer Finance, 1% Leisure Equipment & Products, 1% Aerospace & Defense, 1% (1) Excluding MAIN’s Other Portfolio investments and the External Investment Manager, as described in MAIN’s public filings, which represent approximately 6% of the total portfolio Main Street Capital Corporation NYSE: MAIN mainstcapital.com Page 22

LMM Investment Portfolio 71 portfolio companies / $829.7 million in fair value 43% of total investment portfolio at fair value Debt yielding 12.5% (69% of LMM portfolio at cost) 92% of debt investments have first lien position Approximately 81% of debt investments earn fixed-rate interest Approximately 850 basis point net interest margin vs. “matched” fixed interest rate on SBIC debentures Equity in 99% of LMM portfolio companies representing 36% average ownership position (31% of LMM portfolio at cost) Opportunity for fair value appreciation, capital gains and cash dividend income Approximately 59% of LMM companies(1) with direct equity investment are currently paying dividends Fair value appreciation of equity investments supports Net Asset Value per share growth Lower multiple entry valuations, lower cost basis Approximately $126 million, or $2.38 per share, of cumulative pre-tax net unrealized appreciation at September 30, 2016 LMM Investment Portfolio consists of a diversified mix of secured debt and lower basis equity investments Includes the LMM companies which (a) MAIN is invested in direct equity and (b) are treated as flow-through entities for tax purposes; based upon dividend income for the trailing twelve month period ended September 30, 2016

LMM Investment Portfolio LMM Investment Portfolio is a pool of high quality, seasoned assets with attractive risk-adjusted return characteristics Median LMM portfolio credit statistics: • • • Senior leverage of 2.9x EBITDA to MAIN debt position 2.7x EBITDA to senior interest coverage Total leverage of 3.2x EBITDA including debt junior in priority to MAIN Free cash flow de-leveraging improves credit metrics and increases equity appreciation • Average investment size of $9.9 million (less than 1% of total investment portfolio) Opportunistic, selective posture toward new investment activity over the economic cycle High quality, seasoned LMM portfolio • • Total LMM portfolio investments at fair value equals 118% of cost Equity component of LMM portfolio at fair value equals 173% of cost Majority of LMM portfolio has de-leveraged and experienced equity appreciation • Main Street Capital Corporation NYSE: MAIN mainstcapital.com Page 25

LMM Portfolio by Industry (as a Percentage of Cost) Energy Equipment & Services, 15% Hotels, Restaurants & Leisure, 8% Electronic Equipment, Instruments & Components, 5% Diversified Telecommunication Services, 5% Computers & Peripherals, 4% Consumer Finance, 4% Diversified Financial Services, 3% Commercial Services & Supplies, 3% Professional Services, 2% Air Freight & Logistics, 2% Chemicals, 1% Building Products, 1% Other, 2% Machinery, 10% Construction & Engineering, 7% Specialty Retail, 5% Internet Software & Services, 5% Road & Rail, 4% Health Care Equipment & Supplies, 3% Diversified Consumer Services, 3% IT Services, 2% Health Care Providers & Services, 2% Oil, Gas & Consumable Fuels, 2% Software, 1% Paper & Forest Products, 1% Main Street Capital Corporation NYSE: MAIN mainstcapital.com Page 26

10% Current Interest 14% Current Interest N/A – Floating Interest Rate (2) Term and Total Interest Coupon of Existing LMM Debt Investments Original Term Total Interest Coupon (1) 11% Current Interest 18% Current Interest 13% Current Interest <10% Current Interest 12% Current Interest Interest coupon excludes amortization of deferred upfront fees, original issue discount, exit fees and any debt investments on non-accrual status Floating interest rates generally include contractual minimum “floor” rates Effective yield includes amortization of deferred debt origination fees and accretion of original issue discount, but excludes fees payable upon repayment of the debt instruments and any debt investments on non-accrual status Debt Investments generally have a 5-Year Original Term and ~2.6 Year Weighted Average Remaining Duration; Weighted Average Effective Yield of 12.5% on Debt Portfolio(3) 15% Current Interest 5 years 88% 8% 3 4% % < 5 years > 5 years 1% 5% 6% 17% 29% 11% 8% 3% 20%

Middle Market Investment Portfolio Middle Market Investment Portfolio provides a diversified mix of investments and sources of income to complement the LMM Investment Portfolio 81 investments / $627.9 million in fair value •33% of total investment portfolio at fair value Average investment size of $8.1 million (less than 1% of total portfolio) More relative investment liquidity compared to LMM 92% of Middle Market debt investments bear interest at floating rates(1), providing matching with MAIN’s floating rate credit facility Weighted average yield of 8.4%, representing a greater than 525 basis point net interest margin vs. “matched” floating rate on the MAIN credit facility • Primarily floating rate debt investments (92% floating rate), providing opportunity for positive impact on yields if market benchmark interest rates increase (1) 100% of floating interest rates on Middle Market debt investments are subject to contractual minimum “floor” rates Main Street Capital Corporation NYSE: MAIN mainstcapital.com Page 30

Middle Market Portfolio by Industry (as a Percentage of Cost) Media, 9% Auto Components, 7% Specialty Retail, 6% Internet Software & Services, 5% Diversified Telecommunication Services, 4% Energy Equipment & Services, 3% Software, 3% Aerospace & Defense, 2% Electronic Equipment, Instruments & Components, 2% Oil, Gas & Consumable Fuels, 2% Building Products, 2% Diversified Consumer Services, 2% Containers & Packaging, 1% Marine, 1% Household Durables, 1% Pharmaceuticals, 1% IT Services, 8% Food Products, 7% Commercial Services & Supplies, 5% Construction & Engineering, 4% Hotels, Restaurants & Leisure, 3% Professional Services, 3% Communications Equipment, 3% Diversified Financial Services, 2% Health Care Equipment & Supplies, 2% Health Care Providers & Services, 2% Internet & Catalog Retail, 2% Capital Markets, 2% Electrical Equipment, 1% Tobacco, 1% Textiles, Apparel & Luxury Goods, 1% Other, 3% Main Street Capital Corporation NYSE: MAIN mainstcapital.com Page 31

Long-Term Portfolio and DNII Per Share Growth Since 2007, MAIN has accretively grown Portfolio Investments by 1717%, (or by 208% on a per share basis) and Distributable Net Investment Income (“DNII”) per share by 212% ($ in millions, except per share data) $2,400.0 $2,200.0 $2,000.0 $1,800.0 $1,600.0 $1,400.0 $1,200.0 $1,000.0 $800.0 $600.0 $400.0 $200.0 $0.0 $2.80 $2.60 $2.40 $2.20 $2.00 $1.80 $1.60 $1.40 $1.20 $1.00 $0.80 $0.60 $0.40 $0.20 $0.00 $2.37 $2.29 $2.31 $2.17 $1.25 2007 2008 2009 2010 2011 2012 2013 2014 2015 Sep 30, 2016 (1) Portfolio Investments DNII per Share (1) DNII per share for the trailing twelve month period ended September 30, 2016 Main Street Capital Corporation NYSE: MAIN mainstcapital.com Page 35 Portfolio Investments DNII per share $2.09 $1,920.3 $1,800.0 $1,563.3 $1.77 $1,286.2 $1.19 $924.4 $1.02 $658.1 $0.76 $408.1 $159.2 $105.7 $127.0

MAIN Maintains a Significant Operating Cost Advantage Operating Expenses as a Percentage of Total Assets(1) Efficient and leverageable operating structure MAIN’s internally managed operating structure provides significant operating leverage and greater returns for our shareholders 4.0% 3.5% 3.0% 2.5% 2.0% 1.5% 1.0% 0.5% 0.0% (1) (2) (3) Total operating expenses, including non-cash share based compensation expense and excluding interest expense For the trailing twelve month period ended September 30, 2016 Other BDCs includes dividend paying BDCs that have been publicly-traded for at least two years and have total assets greater than or approximately $500 million based on individual SEC Filings as of December 31, 2015, excluding MVC; specifically includes: AINV, ARCC, BKCC, CPTA, FDUS, FSC, FSFR, FSIC, GAIN, GBDC, HTGC, MCC, MFIN, NMFC, PFLT, PNNT, PSEC, SLRC, TCAP, TCPC, TCRD, TICC, and TSLX Calculation represents the average for the companies included in the group and is based upon the trailing twelve month period ended June 30, 2016 as derived from each company’s SEC filings Source: SNL Financial. Calculation represents the average for the trailing twelve month period ended June 30, 2016 and includes commercial banks with a market capitalization between $125 million and $2 billion (4) (5) Main Street Capital Corporation NYSE: MAIN mainstcapital.com Page 36 Other BDCs (3)(4) Commercial Banks (5) MAIN (2)

Operational Efficiencies of MAIN Cost Structure Average quarterly total assets for the trailing twelve month period ended September 30, 2016 Operating Expenses for the trailing twelve month period ended September 30, 2016, including non-cash share based compensation expense and excluding interest expense Weighted average shares outstanding for the trailing twelve month period ended September 30, 2016 Average Other BDC Group includes dividend paying BDCs that have been publicly-traded for at least two years and have total assets greater than or approximately $500 million based on individual SEC Filings as of December 31, 2015, excluding MVC; specifically includes three internally managed BDCs, HTGC, MFIN, and TCAP, and the Externally Managed BDC Group noted below Externally Managed BDC Group includes dividend paying externally managed BDCs that have been publicly-traded for at least two years and have total assets greater than or approximately $500 million based on individual SEC Filings as of December 31, 2015, excluding MVC; specifically includes: AINV, ARCC, BKCC, CPTA, FDUS, FSC, FSFR, FSIC, GAIN, GBDC, MCC, NMFC, PFLT, PNNT, PSEC, SLRC, TCPC, TCRD ,TICC and TSLX Calculation represents the average for the companies included in footnotes (4) and (5) and is based upon the trailing twelve month period ended June 30, 2016 as derived from each company’s SEC filings Based upon Net Investment Income (NII) per share for the trailing twelve month period ended September 30, 2016 Value of a Hypothetical $1,000 Investment with a 10% gross annual return, 0.5 to 1 leverage at 4% cost of debt capital, and an externally managed cost structure (3.24%) vs. the MAIN cost structure (1.43%) Value in 5 Years Value in 10 Years Value in 20 Years Externally Managed Operating Structure $1,479 $2,187 $4,783 MAIN Operating Structure $1,674 $2,803 $7,854 % Difference 13% 28% 64% ($ and shares in thousands, except per share data) MAIN Average Other BDCs Average Externally Managed BDCs Hypothetical MAIN Fund Externally Managed Average Total Assets $1,945,598 (1) $1,924,516 (4)(6) $2,059,348 (5)(6) $1,945,598 (1) Total Operating Expenses $27,741 (2) $63,037 Operating Expenses as a % of Total Assets 1.43% 3.22% (4)(6) 3.24% (5)(6) 3.24% Hypothetical MAIN Fund with Externally Managed Operating Structure $63,037 MAIN Operating Expenses 27,741 (2) Annual Impact to MAIN Net Investment Income ("NII") $35,296 MAIN Weighted Average Shares Outstanding 51,210 (3) Annual Impact to MAIN NII Per Share $0.69 % of MAIN NII Per Share 31% (7)

MAIN Income Statement Summary Total Investment Income $ 42,608 $ 43,493 $ 42,006 $ 42,902 $ 46,599 9% Expenses: Interest Expense GA Expense (8,302) (4,794) (8,360) (4,944) (8,182) (5,071) (8,255) (4,748) (8,573) (5,332) -3% -11% Distributable Net Investment Income (DNII) DNII Margin % 29,512 69.3% 30,189 69.4% 28,753 68.4% 29,899 69.7% 32,694 70.2% 11% Share-based compensation (1,651) (1,669) (1,589) (2,251) (2,137) -29% Net Investment Income 27,861 28,520 27,164 27,648 30,557 10% Net Realized Gain (Loss) (1,343) (12,279) 13,603 15,457 4,286 NM Net Unrealized Appreciation (Depreciation) (9,087) (10,380) (26,218) (10,421) 7,810 NM Income Tax Benefit (Provision) 3,237 1,682 2,263 (1,773) 528 NM Net Increase in Net Assets $ 20,668 $ 7,543 $ 16,812 $ 30,911 $ 43,181 109% (1) Percent change from prior year is based upon impact on Net Increase in Net Assets NM – Not Measurable / Not Meaningful Main Street Capital Corporation NYSE: MAIN mainstcapital.com Page 38 Q3 16 vs. Q3 15 ($ in 000's)Q3 15Q4 15Q1 16Q2 16Q3 16% Change(1)

MAIN Per Share Change in Net Asset Value (NAV) Beginning NAV Distributable Net Investment Income Share-Based Compensation Expense $ 21.84 0.59 (0.03) $ 21.79 0.60 (0.03) $ 21.24 0.57 (0.03) $ 21.18 0.58 (0.04) $ 21.11 0.62 (0.04) Net Realized Gain (Loss) Net Unrealized Appreciation (Depreciation) (0.03) (0.18) (0.24) (0.21) 0.27 (0.52) 0.30 (0.20) 0.08 0.15 Income Tax Benefit (Provision) 0.06 0.03 0.04 (0.02) 0.01 Net Increase in Net Assets Regular Monthly Dividends to Shareholders Supplemental Dividends to Shareholders Accretive Impact of Stock Offerings(1) Other (2) Ending NAV 0.41 (0.53) - 0.02 0.15 (0.54) (0.28) 0.07 0.33 (0.54) - 0.08 0.62 (0.54) (0.28) 0.22 0.82 (0.54) - 0.18 0.05 0.05 0.07 (0.09) 0.05 $ 21.79 $ 21.24 $ 21.18 $ 21.11 $ 21.62 Weighted Average Shares 50,036,776 50,229,465 50,549,780 51,441,371 52,613,277 Certain fluctuations in per share amounts are due to rounding differences between quarters. (1) Includes accretive impact of shares issued through the Dividend Reinvestment Plan and At-the-Market stock offering program. (2) Includes differences in weighted average shares utilized for calculating changes in NAV during the period and actual shares outstanding utilized in computing ending NAV and other minor changes. Main Street Capital Corporation NYSE: MAIN mainstcapital.com Page 39 ($ per share)Q3 15Q4 15Q1 16Q2 16Q3 16

MAIN Balance Sheet Summary LMM Portfolio Investments $ 856,371 $ 862,710 $ 860,746 $ 866,106 $ 829,692 Middle Market Portfolio Investments 669,519 586,899 579,544 611,624 627,944 Private Loan Investments 252,366 248,313 271,338 299,290 337,735 Other Portfolio Investments External Investment Adviser Marketable Securites and Idle Funds Cash and Cash Equivalents Other Assets Total Assets 56,873 32,305 4,583 35,295 48,055 74,801 27,273 3,693 20,331 54,908 78,651 27,792 1,519 17,223 64,337 84,206 26,912 1,583 18,694 76,621 94,763 30,133 - 31,782 55,461 $ 1,955,367 $ 1,878,928 $ 1,901,150 $ 1,985,036 $ 2,007,510 Credit Facility SBIC Debentures(1) Notes Payable Other Liabilities $ 346,000 $ 291,000 $ 306,000 $ 350,000 $ 313,000 223,604 223,660 223,806 223,679 230,480 265,740 29,042 265,738 27,636 265,655 28,691 265,655 46,590 265,655 54,025 Net Asset Value (NAV) 1,090,981 1,070,894 1,076,998 1,099,112 1,144,350 Total Liabilities and Net Assets $ 1,955,367 $ 1,878,928 $ 1,901,150 $ 1,985,036 $ 2,007,510 Total Portfolio Fair Value as % of Cost Common Stock Price Data: High Close Low Close Quarter End Close 108% 108% 106% 105% 106% $ 33.08 26.38 26.66 $ 32.28 27.69 29.08 $ 31.46 26.35 31.35 $ 32.90 30.52 32.85 $ 34.59 32.61 34.33 (1) Includes adjustment to the face value of Main Street Capital II, LP (“MSC II”) Small Business Investment Company (“SBIC”) debentures pursuant to the fair value method of accounting elected for such MSC II SBIC borrowings. Total face value of SBIC debentures at September 30, 2016 was $231 million. Main Street Capital Corporation NYSE: MAIN mainstcapital.com Page 40 ($ in 000's, except per share amounts) Q3 15 Q4 15 Q1 16 Q2 16 Q3 16

MAIN Liquidity and Capitalization Cash and Cash Equivalents $ 35,295 $ 20,331 $ 17,223 $ 18,694 $ 31,782 Marketable Securities and Idle Funds 4,583 3,693 1,519 1,583 - Total Liquidity $ 39,878 $ 24,024 $ 18,742 $ 20,277 $ 31,782 Credit Facility(1) SBIC Debentures(2) Notes Payable $ 346,000 $ 291,000 $ 306,000 $ 350,000 $ 313,000 223,604 223,660 223,806 223,679 230,480 265,740 265,738 265,655 265,655 265,655 Net Asset Value (NAV) 1,090,981 1,070,894 1,076,998 1,099,112 1,144,350 Total Capitalization $ 1,926,325 $ 1,851,292 $ 1,872,459 $ 1,938,446 $ 1,953,485 Debt to NAV Ratio(3) Non-SBIC Debt to NAV Ratio(4) Net Debt to NAV Ratio(5) Interest Coverage Ratio(6) 0.77 to 1.0 0.73 to 1.0 0.74 to 1.0 0.77 to 1.0 0.71 to 1.0 0.56 to 1.0 0.52 to 1.0 0.53 to 1.0 0.56 to 1.0 0.51 to 1.0 0.73 to 1.0 0.71 to 1.0 0.72 to 1.0 0.75 to 1.0 0.68 to 1.0 4.61 to 1.0 4.53 to 1.0 4.61 to 1.0 4.58 to 1.0 4.64 to 1.0 (1) As of September 30, 2016, MAIN’s credit facility had $555.0 million in total commitments with an accordion feature to increase up to $750.0 million. Borrowings under this facility are available to provide additional liquidity for investment and operational activities. Includes adjustment to the face value of MSC II SBIC debentures pursuant to the fair value method of accounting elected for such MSC II SBIC borrowings. Total par value of SBIC debentures at September 30, 2016 was $231.0 million. SBIC Debentures are not included as “senior debt” for purposes of the BDC 200% asset coverage requirements pursuant to exemptive relief received by MAIN. Debt to NAV Ratio is calculated based upon the face value of debt. Non-SBIC Debt to NAV Ratio is calculated based upon the face value of debt. Net debt in this ratio includes par value of debt less cash and cash equivalents and marketable securities and idle funds investments. DNII + interest expense / interest expense on a trailing twelve month basis. (2) (3) (4) (5) (6) Main Street Capital Corporation NYSE: MAIN mainstcapital.com Page 41 ($ in 000's) Q3 15 Q4 15 Q1 16 Q2 16 Q3 16

Stable, Long-Term Leverage – Significant Unused Capacity MAIN maintains a conservative capital structure, with limited overall leverage and low cost, long-term debt L+1.875% floating (2.4% as of September 30, 2016) September 2021(2) (fully revolving until maturity) $555.0 million Credit Facility (1) $313.0 million Redeemable at MAIN's option at any time, subject to certain make whole provisions; Matures December 2019 Notes Payable 4.50% fixed $175.0 million Redeemable at MAIN's option at any time beginning April 2018; Matures April 2023 Notes Payable 6.125% fixed $90.7 million . Various dates between 2017 - 2027 (weighted average duration = 5.0 years) 4.1% fixed (weighted average) SBIC Debentures $231.0 million (1) As of September 30, 2016, MAIN’s credit facility had $555.0 million in total commitments; MAIN’s credit facility includes an accordion feature which could increase total commitments up to $750.0 million. On October 31, 2016, the Credit Facility was amended and the maturity was extended through September 2021. (2) Main Street Capital Corporation NYSE: MAIN mainstcapital.com Page 42 Facility Interest Rate Maturity Principal Drawn

Long-term Duration of Debt Obligations 400 MAIN’s conservative capital structure provides long-term access to attractively-priced and structured debt facilities 350 300 250 200 • Allows for investments in assets with long-term holding periods / illiquid positions and greater yields and overall returns 150 100 50 $6.0 • Provides downside protection and liquidity through economic cycles 0 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 4.50% Notes(3(3) ) Credit Facility((11) ) SBIC debentures 6.125% Notes(2()2) (1) Based upon outstanding balance as of September 30, 2016; total commitments at September 30, 2016 were $555.0 million. On October 31, 2016, the Credit Facility was amended and the maturity was extended through September 2021. Issued in April 2013; redeemable at MAIN’s option beginning April 2018 Issued in November 2014; redeemable at MAIN’s option at any time, subject to certain make whole provisions. • Allows MAIN to be opportunistic during periods of economic uncertainty (2) (3) Main Street Capital Corporation NYSE: MAIN mainstcapital.com Page 43 (in millions) $40.0 $313 $175.0 $90.7 $63.8 $55.0 $5.0 $15.0$10.2 $16.0 $20.0

Positive Impact from Rising Interest Rates Basis Point Increase in Interest Rate Increase in Interest Income Increase in Interest Expense(2) Increase (Decrease) in Net Investment Income Increase (Decrease) in Net Investment Income per Share(4) 50 $ 2,905 $ (1,565) $ 1,340 $ 0.03 100 7,501 (3,130) 4,371 0.08 150 12,214 (4,695) 7,519 0.14 200 16,980 (6,260) 10,720 0.20 300 26,512 (9,390) 17,122 0.32 400 36,058 (12,520) 23,538 0.44 500 45,617 (15,650) 29,967 0.57 The following table illustrates the approximate annual increase in the components of MAIN’s net investment income due to hypothetical increases in interest rates(1) (dollars in thousands): MAIN’s capital structure and investment portfolio provides downside protection and the opportunity for significant benefits from a rising interest rate environment 61% of MAIN’s outstanding debt obligations have fixed interest rates(3), limiting the increase in interest expense 64% of MAIN debt investments bear interest at floating rates(3), the majority of which contain contractual minimum index rates, or “interest rate floors” (which average approximately 120 basis points (bps))(3) Provides MAIN the opportunity to achieve significant increases in net investment income if interest rates rise Amount of potential decrease in net investment income is limited Assumes no changes in the portfolio investments or outstanding revolving credit facility borrowings existing as of September 30, 2016 The hypothetical increase in interest expense would be impacted by the changes in the amount of debt outstanding under our revolving credit facility, with interest expense (increasing) decreasing as the debt outstanding under our revolving credit facility increases (decreases) As of September 30, 2016 Per share amount is calculated using shares outstanding as of September 30, 2016

Significant Management Ownership / Investment Significant ownership by MAIN’s management team, coupled with internally managed structure, provides alignment of interest between MAIN’s management and our shareholders Management (1) 3,126,029 $107,316,576 (1) Includes members of MAIN’s executive and senior management team and the members of MAIN’s Board of Directors. Includes 1,033,792 shares, or approximately $22.7 million, purchased by management as part of, or subsequent to, the MAIN IPO, including 15,528 shares, or approximately $0.5 million, purchased in the quarter ended September 30, 2016. Based upon closing market price of $34.33/share on September 30, 2016. (2) (3) Main Street Capital Corporation NYSE: MAIN mainstcapital.com Page 45 Market Value # of Shares (2)September 30, 2016 (3)

Notes: Assumes dividends reinvested on date paid The Main Street Peer Group includes all BDCs that have been publicly-traded for at least one year and that have total assets greater than or approximately $500 million based on individual SEC Filings as of December 31, 2015; specifically includes: ACAS, AINV, ARCC, BKCC, CPTA, FSC, FSFR, FSIC, GAIN, GBDC, HTGC, MCC, MFIN, MVC, NMFC, PNNT, PSEC, SLRC, TCAP, TCPC, TCRD, TICC, and TSLX Main Street Peer Group is equal weighted Indexed as of October 5, 2007 and last trading date is September 30, 2016 Consistent market outperformance through various economic cycles MAIN Total Return Performance Since IPO Recessionary Period 1 0 / 2 0 0 7 0 1 / 2 0 0 8 0 4 / 2 0 0 8 0 7 / 2 0 0 8 1 0 / 2 0 0 8 0 1 / 2 0 0 9 0 4 / 2 0 0 9 0 7 / 2 0 0 9 1 0 / 2 0 0 9 0 1 / 2 0 1 0 0 4 / 2 0 1 0 0 7 / 2 0 1 0 1 0 / 2 0 1 0 0 1 / 2 0 1 1 0 4 / 2 0 1 1 0 7 / 2 0 1 1 1 0 / 2 0 1 1 0 1 / 2 0 1 2 0 4 / 2 0 1 2 0 7 / 2 0 1 2 1 0 / 2 0 1 2 0 1 / 2 0 1 3 0 4 / 2 0 1 3 0 7 / 2 0 1 3 1 0 / 2 0 1 3 0 1 / 2 0 1 4 0 4 / 2 0 1 4 0 7 / 2 0 1 4 1 0 / 2 0 1 4 0 1 / 2 0 1 5 0 4 / 2 0 1 5 0 7 / 2 0 1 5 1 0 / 2 0 1 5 0 1 / 2 0 1 6 0 4 / 2 0 1 6 0 7 / 2 0 1 6 $0 $0 $40 $40 $80 $80 $120 $120 $160 $160 $200 $200 $240 $240 $280 $280 $320 $320 $360 $360 $400 $400 $440 $440 $480 $480 $520 $520 $560 $560 MAIN (426.4%) Main Street Peer Group (109.0%) S&P 500 (70.9%) Russell 2000 (69.3%) KBW Regional Bank Index (-8.0%)

Executive Summary Unique focus on under-served Lower Middle Market • • • Inefficient asset class with less competition Unique market opportunity with attractive risk-adjusted returns Generally first lien, senior secured debt investments plus meaningful equity participation Invest in complementary interest-bearing Middle Market and Private Loan debt investments • • • Lower risk / more liquid asset class Opportunity for consistent investment activity Generally first lien, senior secured debt investments Efficient internally managed operating structure drives greater shareholder returns • • • Alignment of management and our shareholders The lowest operating cost structure in the BDC industry Favorable operating cost comparison to other yield oriented investment options Attractive, recurring monthly dividend yield and historical net asset value per share growth • Periodic increases in monthly dividends coupled with meaningful semi-annual supplemental dividends • Increase in net asset value per share creates opportunity for stock price appreciation Strong liquidity and stable capitalization for sustainable growth Highly invested management team with successful track record Niche investment strategy with lower correlation to broader debt / equity markets Main Street Capital Corporation NYSE: MAIN mainstcapital.com Page 47

MAIN Corporate Data Board of Directors Michael Appling, Jr. Chief Executive Officer TnT Crane & Rigging Joseph E. Canon Executive Director Dodge Jones Foundation Vincent D. Foster Chairman & Chief Executive Officer Main Street Capital Corporation Arthur L. French Retired Chief Executive Officer /Executive J. Kevin Griffin SVP, Financial Planning & Analysis Novant Health, Inc. John E. Jackson President & Chief Executive Officer Spartan Energy Partners, LP Brian E. Lane Chief Executive Officer & President Comfort Systems USA Stephen B. Solcher SVP, Finance and Operations & Chief Financial Officer BMC Software Executive Officers Vincent D. Foster, Chairman & Chief Executive Officer Dwayne L. Hyzak President, Chief Operating Officer & Senior Managing Director Curtis L. Hartman Vice Chairman, Chief Credit Officer & Senior Managing Director David L. Magdol Vice Chairman, Chief Investment Officer & Senior Managing Director Brent D. Smith Chief Financial Officer & Treasurer Rodger A. Stout Executive Vice President Jason B. Beauvais SVP, General Counsel, Secretary & Chief Compliance Officer Shannon D. Martin Chief Accounting Officer Research Coverage Mitchel Penn Janney Montgomery Scott (410) 583-5976 Mickey M. Schleien Ladenburg Thalmann (305) 572-4131 Christopher Nolan FBR & Co. (646) 412-7690 Christopher R. Testa National Securities (212) 417-7447 Robert J. Dodd Raymond James (901) 579-4560 Jason Arnold RBC Capital Markets, LLC (415) 633-8594 Bryce Rowe Robert W. Baird & Co. (804) 447-8019 Douglas Mewhirter SunTrust Robinson Humphrey (404) 926-5745 Merrill Ross Wunderlich Securities, Inc. (703) 669-9255 Corporate Headquarters 1300 Post Oak Blvd, 8th Floor Houston, TX 77056 Tel: (713) 350-6000 Fax: (713) 350-6042 Independent Registered Public Accounting Firm Grant Thornton, LLP Houston, TX Corporate Counsel Sutherland, Asbill & Brennan, LLP Washington D.C. Securities Listing Common Stock – NYSE: MAIN 6.125% Notes – NYSE: MSCA Transfer Agent American Stock Transfer & Trust Co. Tel: (212) 936-5100 www.amstock.com Investor Relation Contacts Dwayne L. Hyzak President & Chief Operating Officer Brent D. Smith Chief Financial Officer Tel: (713) 350-6000 Ken Dennard Mark Roberson Dennard Lascar Associates, LLC Tel: (773) 599-3745 Investment Committee Vincent D. Foster, Chairman & CEO Curtis L. Hartman, VC, CCO & SMD Dwayne L. Hyzak, President, COO & SMD David L. Magdol, VC, CIO & SMD Credit Committee Vince D. Foster, Chairman & CEO Curtis L. Hartman, VC, CCO & SMD Rodger A. Stout, EVP Please visit our website at www.mainstcapital.com for additional information