On February 27, 2023, the board of directors of New Mountain Finance Corporation received and accepted the resignation of Shiraz Y. Kajee as Treasurer, to become effective April 1, 2023. In submitting his resignation, Mr. Kajee did not express any disagreement on any matter relating to the Company's operations, policies or practices. The Company's board of directors will appoint Laura C. Holson as the Treasurer of the Company upon Mr. Kajee's departure, which would become effective April 1, 2023, until the Company completes its search for Mr. Kajee's permanent successor.

In addition, Ms. Holson would continue in her role as Chief Operating Officer of the Company. Ms. Holson joined New Mountain Capital, L.L.C. (“New Mountain Capital”) in 2009, and she currently serves as a Managing Director. Ms. Holson is primarily dedicated to the credit business and has been the Chief Operating Officer of New Mountain Capital's credit platform since January 1, 2022, and the Chief Operating Officer of the Company since February 2022.

Ms. Holson previously held a variety of roles within New Mountain Capital, including Head of Capital Markets, and has been a member of its credit team for over 10 years. There is no arrangement or understanding between Ms. Holson and any other person pursuant to which she was appointed as the interim Chief Financial Officer.