[March 18, 2015]

Eagle Point Credit Company Inc. Receives Exemptive Relief to Co-Invest with Certain Affiliates

Eagle Point Credit Company Inc. (NYSE:ECC) (the "Company") today announced that the U.S. Securities and Exchange Commission (the "SEC (News - Alert)") has issued an order (the "Order") granting the Company exemptive relief to co-invest in negotiated investments with other investment funds managed by Eagle Point Credit Management LLC subject to certain conditions. This action follows a notice of intent to grant exemptive relief issued by the SEC on February 18, 2015. The Order is available on the SEC's website (www.sec.gov).

Chief Executive Officer Thomas Majewski commented, "The Order is an importnt milestone in the Company's long term plans. We look forward to the Company being able to co-invest with affiliates and believe it will offer the Company access to an even broader set of attractive investment opportunities."

ABOUT EAGLE POINT CREDIT COMPANY

The Company is a non-diversified, closed-end management investment company. The Company's investment objective is to generate high current income and capital appreciation primarily through investment in equity and junior debt tranches of collateralized loan obligations. The Company is externally managed and advised by Eagle Point Credit Management LLC. The principals of Eagle Point Credit Management LLC are Thomas P. Majewski, Daniel W. Ko and Daniel M. Spinner.

FORWARD-LOOKING STATEMENTS

This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described in the prospectus and the Company's other filings with the SEC. The Company undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.

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