Och-Ziff Capital Management Group LLC to Release Third Quarter 2008 Results and Announce Third Quarter 2008 Dividend on November 4, 2008

10/23/2008

NEW YORK--(BUSINESS WIRE)--

Och-Ziff Capital Management Group LLC (NYSE: OZM) (the "Company") plans to announce its results and dividend for the 2008 third quarter on Tuesday, November 4, 2008 in a press release that will be issued prior to the opening of the New York Stock Exchange. This release will be issued concurrently with the Company's Form 8-K announcement of its estimated October 2008 returns and its November 1, 2008 estimated assets under management. The press release and the Form 8-K will also be available on the For Shareholders page of the Company'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 8:30 a.m. Eastern Time to review these results. The call will be open to the public and can be accessed by dialing 888-679-8038 (callers inside the U.S.) or 617-213-4850 (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 37357806. A simultaneous webcast of the call will be available to the public on a listen-only basis on the Company's website as noted above.

For those unable to listen to the live broadcast, a replay will be available on the Company's website or by dialing 888-286-8010 (callers inside the U.S.) or 617-801-6888 (callers outside the U.S.), passcode 65169610, beginning approximately two hours after the event for two weeks. A webcast replay of the event will also be available on the Company's website.

To pre-register for the conference call please use the following link:

https://www.theconferencingservice.com/prereg/key.process?key=

PXAUHLFCG (Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.)

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. The Company's funds seek to deliver consistent, positive, risk-adjusted returns throughout market cycles, with a strong focus on capital preservation. The Company'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 October 1, 2008, the Company had approximately $30.5 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