Och-Ziff Capital Management Group LLC to Release Fourth Quarter and Full Year 2008 Results and Announce Fourth Quarter 2008 Dividend on February 12, 2009

01/29/2009

NEW YORK, Jan. 29 /PRNewswire-FirstCall/ -- Och-Ziff Capital Management Group LLC (NYSE: OZM) (the "Company") plans to announce its full-year 2008 results, as well as its results and dividend for the 2008 fourth quarter, on Thursday, February 12, 2009 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 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 888-680-0865 (callers inside the U.S.) or 617-213-4853 (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 42733770. 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 11439773, 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=PFFACB3WG

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 January 1, 2009, the Company had approximately $22.1 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

CONTACT: Investor Relations, Tina Madon, Managing Director, Head of Investor Relations, +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