Och-Ziff Capital Management Group LLC to Release First Quarter 2008 Results on April 30, 2008

04/16/2008

NEW YORK, April 16 /PRNewswire-FirstCall/ -- Och-Ziff Capital Management Group LLC (NYSE: OZM) plans to announce its results for the 2008 first quarter on Wednesday, April 30, 2008 in a press release that will be issued prior to the opening of the New York Stock Exchange. The press release will also be available on the For Shareholders page of Och-Ziff's website, www.ozcap.com.

Daniel Och, Chairman and Chief Executive Officer, and Joel Frank, Chief Financial Officer, plan to host a conference call that day at 10:00 a.m. Eastern Time to review these results. The call will be open to the public and can be accessed by dialing 888-680-0894 (callers inside the U.S.) or 617-213-4860 (callers outside the U.S.). The number should be dialed at least ten minutes prior to the start of the call. The passcode for the call will be 10014826. A simultaneous webcast of the call will be available to the public on a listen-only basis on our website as noted above.

For those unable to listen to the live broadcast, a replay will be available on our website or by dialing 888-286-8010 (callers inside the U.S.) or 617-801-6888 (callers outside the U.S.), passcode 95657155, beginning approximately two hours after the event for two weeks. A webcast replay of the event will also be available on our website.

To pre-register for the conference call please use the following link:
https://www.theconferencingservice.com/prereg/key.process?key=PYPDAVQNQ

About Och-Ziff Capital Management Group LLC

Och-Ziff Capital Management Group LLC 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 with a strong focus on risk management and capital preservation. Och-Ziff's multi-strategy approach combines global investment strategies, including merger arbitrage, convertible arbitrage, equity restructuring, credit and distressed credit investments, private equity and real estate. As of April 1, 2008, Och-Ziff had approximately $32.8 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: Investors, Tina Madon, Managing Director, Head of Investor Relations of Och-Ziff Capital Management Group, +1-212-719-7381, tina.madon@ozcap.com, or Media, Steve Bruce, or Chuck Dohrenwend, both of The Abernathy MacGregor Group, for Och-Ziff Capital Management Group, +1-212-371-5999