Och-Ziff Capital Management Group LLC Announces Record Date for Second Quarter 2008 Cash Dividend on Class A Shares

06/20/2008

NEW YORK, June 20 /PRNewswire-FirstCall/ -- Och-Ziff Capital Management Group LLC (NYSE: OZM) (the "Company") announced that its Board of Directors approved a record date of July 1, 2008 for the second quarter 2008 cash dividend on its Class A shares. The Company anticipates that the exact amount of and payment date for the dividend will be determined and announced during the third quarter of 2008.

Forward Looking Statements

The information contained in this press release may contain forward- looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that reflect the current views of Och-Ziff Capital Management Group LLC with respect to, among other things, the Company's anticipated payment of its second quarter dividend, its future financial or business performance, events, strategies or expectations, including but not limited to its ability to generate returns and preserve capital and its ability to expand its investment platforms. Such forward-looking statements are generally identified by the use of words such as "outlook," "believe," "expect," "potential," "continue," "may," "will," "should," "could," " would," "seeks," "approximately," "predicts," "intends," "plans," "estimates," "anticipates," "opportunity," "pipeline," "comfortable," "assume," "remain," "maintain," "sustain," "achieve" or the negative version of those words or other comparable words.

Any forward-looking statements contained in this press release are based upon historical performance of the Company and its subsidiaries and on current plans, estimates and expectations of the Company and its subsidiaries. The inclusion of this or other forward-looking information should not be regarded as a representation by the Company or any other person that the future plans, estimates or expectations contemplated by the Company will be achieved. Such forward-looking statements are subject to various risks and uncertainties, including but not limited to global and domestic market and business conditions, the Company's ability to successfully compete for fund investors, talent and investment opportunities, successful formulation and execution of its business and growth strategies, the Company's ability to appropriately manage conflicts of interest, and tax and other regulatory factors relevant to the Company's structure and status as a public company, as well as assumptions relating to the Company's operations, financial results, financial condition, business prospects, growth strategy and liquidity.

If one or more of these or other risks or uncertainties materialize, or if the Company's assumptions prove to be incorrect, the Company's actual results may vary materially from those indicated in these statements. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements and risks that are included in the Company's filings with the Securities and Exchange Commission ("SEC"), including but not limited to the Company's Annual Report on Form 10-K for the year ended December 31, 2007 filed with the SEC on March 26, 2008. Any forward-looking statements contained in this press release are made only as of the date hereof. The Company does not undertake any obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise.

About Och-Ziff Capital Management Group LLC

Och-Ziff Capital Management Group is one of the world's largest institutional alternative asset managers with offices in New York, London, Hong Kong, Tokyo, Bangalore and Beijing. Och-Ziff's funds seek to deliver consistent, positive, risk-adjusted returns throughout market cycles, with a strong focus on risk management and capital preservation. Och-Ziff's multi- strategy approach combines global investment strategies, including merger arbitrage, convertible and derivative arbitrage, equity restructuring, credit and distressed credit investments, private investments and real estate. As of June 1, 2008, Och-Ziff had approximately $33.8 billion in assets under management with over 700 investor relationships. For more information, please visit www.ozcap.com.

SOURCE Och-Ziff Capital Management Group LLC

CONTACT: Investor Relations, Tina Madon, Managing Director Head of Investor Relations of Och-Ziff Capital Management Group LLC, +1-212-719-7381, tina.madon@ozcap.com; or Media Relations, Steve Bruce or Chuck Dohrenwend, both of The Abernathy MacGregor Group for Och-Ziff Capital Management Group LLC, +1-212-371-5999