On June 1, 2016, the Board of Directors of Owl Rock Capital Corporation elected Mr. Craig Packer as a director. In connection with his election, the Board of Directors increased the size of the Board of Directors to seven directors. In addition, in connection with Mr. Packer's election to the Board of Directors, Mr. Douglas Ostrover resigned as President and Chief Executive Officer of the Company and the Board of Directors elected Mr. Packer to serve as President and Chief Executive Officer of the Company.

Mr. Ostrover will continue to serve as a director of the Company, Co-Chief Investment Officer of Owl Rock Capital Advisors LLC (the Adviser) and as a member of the Adviser's Investment Committee. Mr. Packer will hold office as a class III director for a term expiring in 2019. Mr. Packer will be entitled to enter into an indemnification agreement with the Company.