Och-Ziff Capital Management Group LLC Announces Pricing of Initial Public Offering

New York (USA) 14 November (PROTEXT/PRNewswire) - Och-Ziff CapitalManagement Group LLC ("Och-Ziff") announced today that its initial publicoffering of 36,000,000 Class A shares representing Class A limitedliability company interests priced at US$32.00 per share. The shares areexpected to begin trading tomorrow, November 14, 2007, on the New YorkStock Exchange under the symbol "OZM". Och-Ziff has granted theunderwriters the option to purchase up to an additional 5,400,000 Class Ashares from Och- Ziff at the initial public offering price less theunderwriting discount.

Och-Ziff intends to use the proceeds from the initial public offering andthe concurrent sale of US$1.15 billion of Class A shares to DubaiInternational Capital LLC to acquire interests in its business from itsexisting owners, including members of Och-Ziff's senior management. All ofOch-Ziff's current partners will then invest 100% of their after-taxproceeds into certain funds managed by Och-Ziff.

Goldman, Sachs & Co. and Lehman Brothers served as global coordinators forthe offering. Merrill Lynch & Co., Morgan Stanley, Citi, Deutsche BankSecurities and JPMorgan served as bookrunners.

The initial public offering is being made solely by means of a prospectuswhich may be obtained from the Prospectus Department of Goldman, Sachs &Co., 85 Broad Street, New York, New York 10004, fax number +1-212-902-9316or email prospectus-ny@ny.email.gs.com; or from Lehman Brothers Inc., c/oBroadridge, 1155 Long Island Avenue, Edgewood, New York 11717, fax number+1-631-254-7140 or email qiana.smith@broadridge.com.

This press release shall not constitute an offer to sell or thesolicitation of an offer to buy, nor shall there be any sale of thesesecurities in any state or jurisdiction in which such offer, solicitationor sale would be unlawful prior to registration or qualification under thesecurities laws of any such state or jurisdiction.

About Och-Ziff Capital Management Group LLC

Och-Ziff, founded by Daniel Och in 1994, is a leading institutionalalternative asset management firm and one of the largest alternative assetmanagers in the world, with approximately US$30.1 billion of assets undermanagement for over 700 fund investors as of September 30, 2007.

Source: Och-Ziff Capital Management Group LLC

Contact: Steve Bruce or Chuck Dohrenwend, both of The Abernathy MacGregorGroup, for Och-Ziff Capital Management Group, tel.: +1-212-371-5999

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