SCHEDULE 14A
(RULE 14a-101)

INFORMATION REQUIRED IN PROXY STATEMENT

SCHEDULE 14A INFORMATION

PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE SECURITIES

EXCHANGE ACT OF 1934

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BRANTLEY CAPITAL CORPORATION

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(Name of Registrant as Specified In Its Charter)

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FOR IMMEDIATE RELEASE

BRANTLEY CAPITAL CORPORATION HOLDS ANNUAL MEETING

Preliminary voting results expected next week

CLEVELAND, September 17, 2002 – Brantley Capital Corporation (Nasdaq: BBDC) today announced that all proxy cards received at its Annual Meeting regarding the election of directors, two dissident stockholder proposals, and the ratification of KPMG as independent public accountants for the year ending December 31, 2002 were turned over to the independent inspectors of election, Independent Voting Services, who will tabulate the results. It is expected that the preliminary results will be provided to Brantley next week, after which both sides will have the opportunity to review the proxy tabulation. Brantley will publicly announce the final results once they are made available to the Company.

Robert P. Pinkas, Chairman and Chief Executive Officer of Brantley Capital, said, “We greatly appreciate the support of our stockholders during this process. We are confident that each member of our Board will be fully committed to helping Brantley’s management ensure the Company’s long-term success for the benefit of all Brantley stockholders.”

FORWARD-LOOKING STATEMENTS
The information contained in this press release contains forward-looking statements. These forward-looking statements are subject to inherent uncertainties in predicting future results and conditions. Certain factors could cause actual results and conditions to differ materially from those projected in these forward-looking statements, and these factors are enumerated in the company’s periodic filings with the Securities and Exchange Commission.

About Brantley Capital Corporation
Brantley Capital Corporation is a publicly traded business development company primarily providing equity and long-term debt financing to small and medium-sized private companies throughout the United States. The Company’s investment objective is to achieve long-term capital appreciation in the value of its investments and to provide current income primarily from interest, dividends and fees paid by its portfolio companies. For further information, please visit the Company’s website at http://www.BrantleyCapital.com.

CONTACT:

Brantley Capital Corporation		Joele Frank, Wilkinson Brimmer Katcher
Tab Keplinger		Matthew Sherman
216-464-8400		212-355-4449

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