Och-Ziff Capital Management Group LLC Issues Statement on Greek Sovereign Debt

NEW YORK, Jan. 19, 2012 /CNW/ - Och-Ziff Capital Management Group LLC (NYSE: OZM) (the "Company") issues the following statement responding to media reports regarding the Company's involvement in Greek sovereign debt.

The Company and its funds do not have a material investment in Greek sovereign debt. The Company and its funds have not been involved in any way in negotiations concerning the restructuring of this debt.

About Och-Ziff Capital Management Group LLC

Och-Ziff Capital Management Group LLC is one of the largest institutional alternative asset managers in the world with offices in New York, London, Hong Kong, Mumbai and Beijing. Och-Ziff provides asset management services to institutional investors globally through its hedge fund and other alternative investment vehicles. Och-Ziff's funds seek to generate consistent, positive, risk-adjusted returns across market cycles with low volatility compared to the equity markets, and with an emphasis on preservation of capital. Och-Ziff's multi-strategy approach combines global investment strategies, including convertible and derivative arbitrage, credit, long/short equity special situations, merger arbitrage, private investments and structured credit. As of January 1, 2012, Och-Ziff had approximately $28.4 billion in assets under management. For more information, please visit Och-Ziff's website at www.ozcap.com.

SOURCE Och-Ziff Capital Management Group LLC

For further information:

CONTACT: Investor Relations: Tina Madon, Managing Director, Head of Investor Relations, Och-Ziff Capital Management Group LLC, +1-212-719-7381, tina.madon@ozcap.com, or Media Relations: George Sard or Jonathan Gasthalter, both of Sard Verbinnen & Co, +1-212-687-8080

http://www.ozcap.com

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Och-Ziff Capital Management Group LLC

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