Stockholders, prospective stockholders, analysts and other interested parties must pre-register online at least 10 minutes prior to the start of the call as set forth below. Upon successful registration participants will receive information to access the call via telephone and Internet. The telephone numbers to access the calls are also listed below:
• Wednesday, January 11, 2012, at 6:00 p.m. EST
Pre-register at https://cc.readytalk.com/r/k9lks5hg65y6
Dial-in telephone number for call access in U.S. and Canada is (888) 224-3759
• Thursday, January 12, 2012, at 11:00 a.m. EST

Pre-register at https://cc.readytalk.com/r/85uauws1ieok

Dial-in telephone number for call access in U.S. and Canada is (800) 617-1412
An archived audio recording of the call together with the slide presentation to be used will be available within approximately three hours of completion of the call at http://ir.keatingcapital.com/events.cfm. This archived audio recording and slide presentation will be available until the Company’s next quarterly conference call which has been tentatively scheduled for March 2012.

December 19, 2011 – Greenwood Village, Colorado – Keating Capital, Inc. (www.KeatingCapital.com), a pre-IPO investment fund, announced that on December 16, 2011, it made a $4 million investment as the lead investor in the $25 million Series C Convertible Preferred Stock round of Agilyx Corporation (www.agilyx.com) (“Agilyx”). Other investors in the Series C round include existing investors Kleiner Perkins Caufield & Byers, Saffron Hill Ventures, Chrysalix Energy Venture Capital, Waste Management, Total Energy Ventures International (an affiliate of Total S.A.) and Reference Capital.

Founded in 2004 and based in Beaverton, Oregon, Agilyx is an alternative energy company that
economically converts difficult-to-recycle waste plastics into high value synthetic oil. Agilyx’s patentprotected, proprietary systems are sold to industrial and municipal waste plastic generators and aggregators looking to reduce disposal-related costs and increase plastics-associated revenues – all while meeting challenging environmental standards, curbing the need for new landfills, and extracting the often unused and untapped energy contained within waste plastic.

In 2010, Agilyx opened a demonstration facility in Tigard, Oregon, capable of processing and converting 10 tons of plastic waste into approximately 55 barrels of oil (~2,300 gallons) per day. The resulting synthetic oil – a drop-in replacement for fossil crude – is currently shipped to a refinery in the Pacific Northwest. Agilyx entered into a five-year agreement in 2008 to sell its synthetic oil to an oil refinery, which Agilyx believes is the first offtake agreement of its kind in the industry.

“Our investment in Agilyx exemplifies the role that we can play as a lead investor in a new round of financing where existing investors seek to add to their positions but also want an independent, new financial investor to set terms,” said Timothy J. Keating, CEO of Keating Capital. “Moreover, because we do not seek or take board seats, our role as a lead investor results in no change to the composition of a portfolio company’s board of directors or strategic direction,” he added.

Agilyx is Keating Capital’s tenth new portfolio company investment in 2011. With this investment, Keating Capital has now made private investments of $35.4 million in 14 portfolio companies, including $31.8 million invested year-to-date.

Greenwood Village, Colorado – December 12, 2011 – Keating Capital, Inc. (“Keating Capital” or the “Company”) today announced the listing of the Company’s common stock on the Nasdaq Capital Market under the ticker symbol KIPO.

Capitalization of the Fund

Keating Capital is a unique closed-end fund that is exclusively dedicated to pre-IPO investing. As of September 30, 2011, the Company had net assets of approximately $77 million, consisting of:
• Approximately $32 million invested in 13 portfolio companies; and
• Approximately $45 million in cash.

As of September 30, 2011, Keating Capital’s Net Asset Value per share was $8.27. The Company currently has 9,283,604 shares of common stock issued and outstanding. The Company’s
capital structure consists entirely of common stock, with no options, warrants or other types of dilutive securities issued or outstanding. Moreover, the Company does not use leverage or borrowed money to fund its portfolio company investments.

Portfolio Company Investments

As of September 30, 2011, the Company’s 13 portfolio companies were categorized into three groups by stage:
• Completed IPO (2 portfolio companies)
• Filed for IPO (2 portfolio companies)
• Private (9 portfolio companies)

As of September 30, 2011, the Company’s 13 portfolio companies were in three industry groups:
• Technology (4 portfolio companies)
• Internet & Software (4 portfolio companies)
• Clean Technology (5 portfolio companies)

Typically, Keating Capital seeks to invest in portfolio companies that have private enterprise values of between $100 million and $1 billion at the time of its investment.

Unique Public Access Vehicle

“The listing of Keating Capital’s shares on Nasdaq is the final step in what has been a three-year process but is only one milestone in our Company’s growth strategy,” said Timothy J. Keating, Keating Capital’s CEO. “To the best of our knowledge, Keating Capital is the first and only fund of its kind exclusively dedicated to pre-IPO investing in the U.S. We have created a unique public access vehicle for investors seeking to invest in later-stage private companies prior to their expected public offerings. We seek to primarily provide growth equity capital to companies that are committed to and capable of completing an IPO,” added Mr. Keating.

Milestones

Key milestones in the Company’s path to becoming the first U.S. publicly traded investment fund focused on pre-IPO investing include the following:
• May 2008 – Formation of Keating Capital
• November 2008 – Election to become a business development company
• January 2009 – Registration with the SEC to become a public reporting company
• June 2009 – Effectiveness of the Company’s continuous public offering registration statement
• January 2010 – First portfolio company investment; first closing of continuous public offering
• February 2011 – Successful pricing of the first portfolio company IPO
• June 2011 – Completion of the continuous public offering
• December 2011 – Nasdaq listing

Management Outlook and Risk Considerations

Keating Capital is seeking to create a portfolio of approximately 20 companies, with each portfolio company investment typically held for three years. The Company expects that it will make between two to four investments in new portfolio companies in the next 45 days. Moreover, Keating Capital anticipates that it will have between 15 – 20 portfolio companies by June 30, 2012.

“While we are excited by the unique public access vehicle that we have created for pre-IPO investing, we caution prospective investors in our stock that all forms of private equity investing—including Keating Capital—should and must be viewed as high risk/high return opportunities,” stated Mr. Keating.

“Because our investment horizon for each portfolio company is typically three years, investors who buy our stock and hold it for less than three years may run the additional risk of not experiencing a full investment cycle. And while we are very pleased with the composition and progress of our portfolio as a whole, our success in large part will hinge on an active IPO market—which may not be available during periods of high volatility. Accordingly, the opportunities for potential appreciation in portfolio company investments—and correspondingly, a potential increase in the Company’s Net Asset Value—will be inextricably linked to our portfolio companies’ abilities to successfully complete IPOs, for which no assurance can be given, now or in the future, and our ability to successfully exit our investment after the typical six-month post-IPO lockup” added Mr. Keating.

November 29, 2011 – Greenwood Village, Colorado – Keating Capital, Inc. (www.KeatingCapital.com), a pre-IPO investment fund, announced the appointment of Stephen (Steve) M. Hills to the position of Chief Financial Officer and Treasurer effective November 16, 2011.

Mr. Hills was formerly a Director of Valuation Services with Arcstone Partners, a valuation services and investment research firm based in Denver. Prior to that, he was Manager of External Reporting and Manager of Technical Accounting with Molson Coors Brewing Company, a NYSE-traded global brewing company. Mr. Hills began his career at PricewaterhouseCoopers. He is a Certified Public Accountant and a 2003 cum laude graduate of Villanova University with a B.S. in Accountancy. Mr. Hills replaces Ranjit P. Mankekar who has left Keating Capital to pursue other opportunities.

In a related action, Frederic (Rick) M. Schweiger was elected to serve as a Director of Keating Capital and to fill the board seat vacated by Mr. Mankekar. Mr. Schweiger currently serves as Keating Capital’s Chief Operating Officer and Chief Compliance Officer.

“We are pleased to welcome Steve as the new CFO and to add Rick to our board,” said Timothy J. Keating, Keating Capital’s CEO. “As Keating Capital prepares for its Nasdaq listing, Steve will bolster the existing resources that we already have committed to our financial reporting and portfolio company valuation process,” added Mr. Keating.

About Keating Capital, Inc.

Keating Capital (www.KeatingCapital.com) is a business development company that specializes in making pre-IPO investments in innovative, high growth private companies that are committed to and capable of becoming public. Keating Capital provides individual investors with the ability to participate in a unique fund that invests in a private company’s later stage, pre-IPO financing round — an opportunity that has historically been reserved for institutional investors.

November 15, 2011 – Greenwood Village, Colorado – Keating Capital, Inc. (the “Company”) will host a conference call on Wednesday, November 16, 2011, to review financial results for the quarter ended September 30, 2011.
Topics to be discussed include the following:

• Portfolio Company Investments Update During the third quarter, the Company made five new portfolio company investments totaling $16.3 million.
• Financial Results The Company’s net assets increased from $63.2 million as of June 30, 2011, to $76.8 million as of September 30, 2011, an increase of $13.6 million, due primarily to the final closing of the Company’s continuous public offering in July 2011. The Company’s net asset value per share decreased from $8.29 per share as of June 30, 2011, to $8.27 per share as of September 30, 2011, a decrease of $0.02 per share.
• Nasdaq Listing The Company will discuss the timeline for the planned listing of its shares on Nasdaq in December 2011.

Conference Call Instructions

The conference call is scheduled for 11:00 a.m. Eastern time. You may pre-register at https://cc.readytalk.com/r/wtwemetplx46, and participate in the call by dialing:

U.S. and Canada: 1 (800) 771-7943
International:  1 (212) 231-2908

An archived recording of the call will be available within approximately three hours of completion of the call at http://keatingcapital.readytalk.com/?p=r. This archived recording will be available until the Company’s next quarterly conference call which has been tentatively scheduled for March 2012.

October 11, 2011 – Greenwood Village, Colorado – Keating Capital, Inc. (www.KeatingCapital.com), a pre-IPO investment fund, announced that on September 26, 2011, it made a $3 million common stock investment in TrueCar, Inc. (www.TrueCar.com) (“TrueCar”). Through this most recent closing, TrueCar has raised over $50 million in the common stock financing round.

Founded in 2005 and based in Santa Monica, California, TrueCar is an online research and pricing tool for consumers interested in buying a new or used vehicle whereby a consumer can research any make and model and see a histogram of actual transaction prices for that vehicle in a specific geographic area.

Through TrueCar’s platform, consumers also have access to average prices paid, recent sales data, monthly price trends and vehicle pricing details, which show dealer cost, and factory invoice, as well as customer and dealer incentives being offered.

TrueCar is Keating Capital’s ninth new portfolio company investment in 2011. With this investment, Keating Capital has now invested a total of $31.4 million in 13 portfolio companies, including $27.8 million invested year-to-date.

About Keating Capital, Inc.
Keating Capital (www.KeatingCapital.com) is a business development company that specializes in making pre-IPO investments in innovative, high growth private companies that are committed to and capable of becoming public. Keating Capital provides individual investors with the ability to participate in a unique fund that invests in a private company’s late stage, pre-IPO financing round — an opportunity that has historically been reserved for institutional investors.

September 12, 2011 – Greenwood Village, Colorado – Keating Capital, Inc. (www.KeatingCapital.com), a pre-IPO investment fund, announced that on September 6, 2011, it made a $4 million investment as part of a $37 million preferred stock financing round of Tremor Video, Inc. (www.TremorVideo.com). The round was led by new investor W Capital and included Keating Capital, Canaan, Draper Fisher Jurvetson Growth, General Catalyst, Meritech and Time Warner.

Founded in 2005 and headquartered in New York City, Tremor Video is an online video technology and advertising company that provides video advertising solutions to Fortune 1000 brand advertisers and top tier publishers of Web videos. Tremor Video places video advertisements before or next to online videos or other content for brand advertisers such as Procter & Gamble, Mars, Microsoft, Sprint Nextel, and Walt Disney. Tremor Video’s award-winning SE2 technology provides advertisers with tools to target and engage customers, measure campaign effectiveness and ensure brand safety by scanning and categorizing each video stream before an advertisement is placed. Tremor Video’s network of over 5,000 third-party publishers
of online video content benefit from a full suite of products and services to monetize streaming video and maximize their return on investment.

Timothy J. Keating, Keating Capital’s CEO stated: “According to eMarketer, a digital marketing research firm, the U.S. online video advertising market is estimated to be approximately $2.2 billion in 2011 growing to nearly $5.7 billion by 2014, with video ads representing about 29% of the projected $19.6 billion U.S. online display advertising market in 2014 second only to banner
ads with 56% of the market. We believe Tremor Video is one of the pioneers leading the development and transformation of the online advertising industry, and we are delighted to be an equity capital partner with the company.”

Tremor Video is Keating Capital’s eighth new portfolio company investment in 2011. With this investment, Keating Capital has now invested a total of $28.4 million in 12 portfolio companies, including $24.8 million invested year-to-date.

August 30, 2011 – Greenwood Village, Colorado – Keating Capital, Inc. (www.KeatingCapital.com), a pre-IPO investment fund, announced that on August 25, 2011, it made a $4 million investment in the $13 million Series D Convertible Preferred Stock
round of Metabolon, Inc. (www.Metabolon.com) (“Metabolon”). Other investors in the Series D round include existing investors Sevin Rosen Funds, Aurora Funds, Harris & Harris Group, Syngenta Ventures, Fletcher Spaght and Fulcrum Financial Partners.

Founded in 2000 and headquartered in Research Triangle Park, North Carolina, Metabolon is a molecular diagnostics and services company offering a novel metabolic profiling technology that uses advanced bioinformatics and data analytics software to identify, quantify, and analyze biochemical processes occurring within cells. Metabolon’s end-to-end profiling service is used by leading academic institutions and pharmaceutical, biotechnology, agriculture, and consumer products companies to develop more efficacious drugs, diagnostic tests, and consumer and agricultural products. Metabolon is utilizing biomarkers identified by its technology in the development of molecular diagnostic tests intended to detect and measure the aggression and stage of diseases such as diabetes and cancer.

Timothy J. Keating, Keating Capital’s CEO stated: “We are pleased to diversify our portfolio with the addition of our first life sciences company. We are delighted to be an equity partner with Metabolon, and we believe that the confluence of the company’s outstanding management team, world class scientific advisory board and blue chip client roster will ultimately lead to major disruptive innovations in the delivery of medicines to patients worldwide.”

Metabolon is Keating Capital’s sixth new portfolio company investment in 2011. With this investment, Keating Capital has now invested a total of $23.0 million in 10 portfolio companies, of which $19.4 million has been invested in 2011.

August 15, 2011 – Greenwood Village, Colorado – Keating Capital, Inc. (the “Company”) will host a conference call on Tuesday, August 16, 2011, to review financial results for the quarter ended June 30, 2011.

Topics to be discussed include the following:

• Conclusion of Continuous Public Offering: The Company concluded its continuous public offering on June 30, 2011, raising aggregate gross proceeds of $86,800,000. The final closing of escrowed funds from subscribing investors occurred on July 11, 2011.
• Portfolio Company Investments Update: During the second quarter, the Company made one new portfolio company investment of $3.0 million and was the lead investor in the round. Subsequent to June 30, 2011, the Company made one additional new portfolio company investment of $4.0 million.
• Financial Results: The Company’s net assets increased from $37.0 million as of March 31, 2011, to $63.2 million as of June 30, 2011, an increase of $26.2 million, due primarily to the proceeds raised in the continuous public offering. The Company’s net asset value per share increased from $7.98 as of March 31 2011, to $8.29 per share as of June 30, 2011, an increase of $0.31.

Conference Call Instructions

The conference call is scheduled for 11:00 a.m. EDT. You may pre-register for the call at
https://cc.readytalk.com/r/c0sfvqgpzugh; and to participate in the call, please dial:
An archived recording of the call will be available within three hours of completion at http://keatingcapital.readytalk.com/?p=r, and will be accessible until the Company’s next conference call in Q4 2011.

August 2, 2011 – Greenwood Village, Colorado – Keating Investments, LLC announced today that Daniel T. Morris has joined the firm as a Vice President and member of the Origination team responsible for analyzing and evaluating new investment opportunities for Keating Capital, a pre-IPO investment fund.

Since 2004, Mr. Morris served as a Director of Semiconductor Equity Research at Oppenheimer & Co., and in 2010, was named a Wall Street Journal “Best on the Street” analyst for the Semiconductor sector.

Previously, Mr. Morris was a Senior Research Analyst at Analysis Group, Inc., an economic consulting firm providing intellectual property valuation in litigation cases.

Mr. Morris received an MBA from the Haas School of Business, University of California, Berkeley, and graduated cum laude from Princeton University.

“We are pleased to add Dan to our Origination team,” stated Timothy J. Keating, President of Keating Investments, LLC. “Many of our current and future portfolio companies are and will be in the technology sector. Dan’s experience and expertise in this space is immediately accretive to our firm’s ability to evaluate the many technology-related pre-IPO investment opportunities in
our pipeline.”