PRESS RELEASES

GSC Capital Corp. Announces Election of Edward S. Steffelin as President and CEO
FLORHAM PARK, NJ, March 2, 2007 -- GSC Capital Corp., a real estate investment trust (REIT) managed by GSC Group that invests in real estate-related securities, whole loan mortgages, bank loans, corporate loans and other asset-backed securities, today announced the election of Edward S. Steffelin as President and Chief Executive Officer, replacing Frederick H. Horton, who has left the firm.  Joseph H. Wender, Chairman of the Board of Directors, Brian H. Oswald, Chief Financial Officer and Daniel I. Castro, Jr., Chief Investment Officer will continue to serve in their present capacities.

GSC Partners Continues Momentum Through Innovative Products: Credit-focused Firm Closes Two New Synthetic ABS CDO Transactions
FLORHAM PARK, NJ, May 31, 2006
Access to press release limited to GSC Capital Corp investors

Fitch Assigns 'CAM2' SF CDO Asset Manager Rating to GSC Partners
New York, 11 May 2006 -- Fitch Ratings assigns a 'CAM2' structured finance collateralized debt obligation (CDO) asset manager rating to GSC Partners (GSC) Structured Finance Group. The rating is based on the organization's asset management experience, the depth of structured finance and CDO structuring/portfolio management experience among management and staff, and the organizational commitment to its CDO platform as reflected in the group's investments in technology and hiring of CDO specialists.

GSC Partners Appoints Thomas E. Dial as Vice President in Structured Finance Group
NEW YORK, April 25, 2006 -- GSC Partners, an alternative asset management firm that manages over $9 billion in assets and focuses on complex credit-driven investment strategies, today announced the appointment of Thomas E. Dial as Vice President in its structured finance group. Mr. Dial will be a portfolio manager and structurer of CDO’s and whole loan securitizations.

GSC Capital Corp. Appoints Brian H. Oswald as New Chief Financial Officer
NEW YORK, March 1, 2006 -- GSC Capital Corp., a real estate investment trust (REIT) that invests in real estate-related securities, whole loan mortgages, bank loans, corporate loans and other asset-backed securities, today announced the appointment of Brian H. Oswald as Chief Financial Officer.