CORPORATE GOVERNANCE

Medallion Financial Corp. has always been committed to strong corporate governance. Every employee and our Board of Directors play a part in assuring our compliance with legal requirements and ethical standards of professional conduct. Our Board of Directors has adopted the following policies and charters to reflect our corporate governance practices.

You may contact one or more members of the Board of Directors or its Committees by writing to Ms. Marie Russo, Corporate Secretary at:

Medallion Financial Corp.
c/o Corporate Secretary
437 Madison Avenue, 38th Floor
New York, New York 10022

On April 25, 2018, the Board of Directors of Medallion Financial Corp. (the "Company") approved an amendment and restatement of the Company's Code of Ethical Conduct and Insider Trading Policy to (i) eliminate references to the Investment Company Act of 1940 (the "1940 Act") and requirements of the 1940 Act and (ii) make certain conforming and ministerial changes. Such changes were made as a result of the Company's withdrawal of its election to be regulated as a business development company under the 1940 Act.