Och-Ziff Capital Management Group LLC to Release Second Quarter 2008 Results on August 6, 2008

07/23/2008

NEW YORK, July 23, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Och-Ziff Capital Management Group LLC (NYSE: OZM) plans to announce its results for the 2008 second quarter on Wednesday, August 6, 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 888-713-4216 (callers inside the U.S.) or 617-213-4868 (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 97905169. 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 12211369, 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=PMJQM9TMM

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 throughout market cycles, with a strong focus on capital preservation. Och-Ziff's multi-strategy approach combines global investment strategies, including merger arbitrage, convertible and derivative arbitrage, equity restructuring, credit and distressed investments, private investments and real estate. As of July 1, 2008, Och-Ziff had approximately $33.3 billion in estimated assets under management with over 700 investor relationships. For more information, please visit www.ozcap.com.

SOURCE Och-Ziff Capital Management Group LLC

http://www.ozcap.com