By correspondence dated June 29, 2022, Lewis W. Solimene Jr., informed the Board of Directors (the “Board”) of Runway Growth Finance Corp., a Maryland corporation (the “Company”), of his intent to resign as director of the Company, and from any and all committees of the Board, effective as of June 29, 2022. Mr. Solimene informed the Board that his resignation was for personal reasons and was not due to any disagreements with the Company relating to the Company's operations, policies or practices. The Company thanks Mr. Solimene for his service to the Company and wishes him well.

On June 29, 2022, the Board elected John Engel as an independent director, effective June 29, 2022, to fill the vacancy created by Mr. Solimene's departure. Mr. Engel will serve until the 2024 annual meeting of the stockholders of the Company. Mr. Engel was also elected to serve as a Chair of the Compensation Committee and as a member of the audit committee and nominating and corporate governance committee.

There are no arrangements or understandings between Mr. Engel and any other persons pursuant to which he was selected as a director, nor is there any family relationship between Mr. Engel and any of the Company's directors or other executive officers. In addition, Mr. Engel is not a party to any transaction or any proposed transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K. In addition, in connection with Mr. Solimene's resignation and Mr. Engel's appointment, Julie Persily was appointed to serve as a Chair of the Audit Committee. Mr. Engel is a co-founder and partner of Jackson Springs Management Partners, LLC, a management firm, providing strategic advice and capital to help closely-held businesses pursue their strategic and financial objectives.

Prior to co-founding Jackson Springs Management Partners, LLC in 2019, Mr. Engel served as a consultant and adviser to various executives of start-up companies and large not for profit companies from 2016 to 2019. From 1996 until his retirement in 2015, Mr. Engel was employed by Accenture, a global professional services company with leading capabilities in digital, cloud and security, where for 20 years he served in a variety of client-facing and leadership roles, including Managing Partner and Executive Partner, for several key strategies. The Board believes that Mr. Engel's extensive investment banking and management consulting experience provides the Board with knowledge and expertise on these and other matters, thus qualifying him to serve as a member of the Board.