In a letter to shareholders dated November 5, 2021 Owl Rock Capital (ORCC) announced they authorized up to $100 million in stock buybacks and that the plan commenced on November 2, 2021.

In accordance with Section 23(c)(1) under the Investment Company Act of 1940, please be advised that the Board of
Directors of Owl Rock Capital Corporation (“ORCC”) has authorized a stock repurchase program (the “Repurchase
Plan”) to acquire up to $100 million in the aggregate of ORCC’s outstanding common stock.

Repurchases pursuant to the Repurchase Plan may be made through the open market, including through block
purchases, at times and in such amounts as ORCC’s management deems appropriate and in accordance with
regulatory requirements. ORCC anticipates that the manner, timing, and amount of any share purchases will be
determined by ORCC’s management based upon the evaluation of market conditions, stock price, and additional
factors. The Repurchase Plan does not obligate ORCC to acquire any specific number of shares, if any, and may be
extended, modified or discontinued at any time.

The Repurchase Plan commenced on November 2, 2021 and, unless extended by ORCC’s Board of Directors will
terminate 12-months from the date it was approved