Gladstone Investment

Officers and Directors

GLADSTONE INVESTMENT CORPORATION (NASDAQ - GAIN)

Maurice W. Coulon

Mr. Coulon has served as a Director since August 2003. Since 2000, Mr. Coulon has been a private investor in real estate. From 1991 through his retirement in 2000, Mr. Coulon served as Director of Portfolio Management for the Morgan Stanley Real Estate Fund. From 1980-1991, Mr. Coulon served as Senior Vice President of asset management for Boston Company Real Estate Council, Inc. Mr. Coulon was a founder of the National Association of Real Estate Investment Managers and is a past President of the National Association of Real Estate Investment Fiduciaries. Mr. Coulon holds a MBA from Harvard University.