X0306 4 2019-08-27 0 0001675033 Great Elm Capital Corp. GECC 0001729151 Horsey Randall Revell C/O GREAT ELM CAPITAL CORP. 800 SOUTH STREET, SUITE 230 WALTHAM MA 02453 1 0 0 0 Common Stock 2019-08-27 4 P 0 2000 8.32 A 12000 D The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $8.30 to $8.33, inclusive. The reporting person undertakes to provide to Great Elm Capital Corp. ("GECC"), any security holder of GECC, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within this range. /s/ Adam M. Kleinman, Attorney-in-Fact for Reporting Person 2019-08-29