Investor Presentaiton

HERCULES AT-A-GLANCE LARGEST BDC FOCUSED ON PROVIDING FINANCING TO HIGH-GROWTH VENTURE CAPITAL-BACKED COMPANIES $1.78 BILLION MARKET CAPITALIZATION $2.10 BILLION DEBT INVESTMENT PORTFOLIO 100 COMPANIES WARRANT & EQUITY PORTFOLIO $673.3 MILLION LIQUIDITY & BALANCE SHEET AVAILABLE LIQUIDITY TO INVEST (2) FOUNDED DECEMBER 2003 IPO: June 2005 ❝HTGC" ENTERPRISE VALUE $3.05 billion (1) MARKET CAPITALIZATION $1.78 billion (¹) NET ASSET VALUE PER SHARE $11.26 as of 12/31/20 HISTORICAL PRICE/NAV ~1.1x to ~1.5x range CURRENT PRICE/NAV 1.39x (¹) DEBT INVESTMENT COST BASIS $2.10 billion DEBT INVESTMENT FAIR VALUE $2.10 billion EFFECTIVE YIELD 13.3% DEBT INVESTMENTS IN 97 companies SHORT TERM MATURITIES 36-42 months INVESTMENT SIZE $5 to $200 million (1) Source for Enterprise Value and Market Capitalization is S&P Capital IQ as of February 19, 2021 (2) Subject to existing terms and covenants WARRANT HOLDINGS IN 100 companies EQUITY HOLDINGS IN 59 companies TOTAL WARRANT AND EQUITY GAAP COST $215.6 million TOTAL WARRANT AND EQUITY FAIR VALUE $259.3 million Xercules. CAPITAL $673.3 million GAAP LEVERAGE 100.6% 93.0% ex. SBA INVESTMENT GRADE RATINGS Moody's: Baa3 DBRS: BBB KBRA: BBB+ SECURITIZATION INVESTMENT GRADE RATINGS KBRA: A(sf) 14

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