Market Overview

Rand Capital Announces Second Quarter 2018 Financial Results Conference Call and Webcast

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Rand
Capital Corporation
(NASDAQ:RAND) ("Rand"), a venture capital
company which invests in growth businesses with unique product, service
or technology concepts, announced today that it will release its second
quarter 2018 financial results before the opening of financial markets
on Tuesday, August 7, 2018.

The Company will host a conference call and webcast that same day to
review its results, and discuss its corporate strategies. A
question-and-answer session will follow.

Second Quarter 2018 Conference Call

Tuesday, August 7, 2018
1:30 p.m. Eastern Time
Phone: (201)
689-8263
Webcast: http://ir.randcapital.com/news-events

A telephonic replay will be available from 4:30 p.m. ET on the day of
the call through Tuesday, August 14, 2018. To listen to the archived
call, dial (412) 317-6671 and enter replay pin number 13681337. The
webcast replay will be available in the Investors section at www.randcapital.com,
where a transcript will also be posted once available.

ABOUT RAND CAPITAL
Rand Capital (NASDAQ:RAND) provides
investors the ability to participate in venture capital opportunities
through an investment in the Company's stock. Rand is a Business
Development Company (BDC) with a wholly owned subsidiary licensed by the
U.S. Small Business Administration (SBA) as a Small Business Investment
Company (SBIC). Rand focuses its equity investments in early or
expansion stage companies and generally lends to more mature companies.
The Company seeks investment opportunities in businesses with strong
leaders who are bringing to market new or unique products, technologies
or services that have a high potential for growth. Additional
information can be found at the Company's website where it regularly
posts information: www.randcapital.com.

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