Pursuant to the Director Retirement and Term Limitation Policy of Capital Southwest Corporation (the “Company”), John H. Wilson notified the Company that he will retire from the Company’s board of director (the “Board”) effective as of the date of the Company’s 2019 Annual Meeting of Shareholders (the “2019 Annual Meeting”). Mr. Wilson has been a member of the Board since 1988. Mr. Wilson’s retirement from the Board was not due to any dispute or disagreement with the Company, or on any matter relating to the Company’s operations, policies or practices. As a result of Mr. Wilson's retirement, the Board reduced the size of the Board from seven to six members, effective as of the date of the Annual Meeting.