On January 23, 2017, Och-Ziff Capital Management Group LLC (the “Company”) completed its previously announced subsequent sale (the “Subsequent Sale”) to certain of its executive managing directors of Class A Cumulative Preferred Units (the “Preferred Units”) in each of OZ Management LP, OZ Advisors LP and OZ Advisors II LP (each, a subsidiary of the Company and an “Operating Group Entity”) in an aggregate amount of $150 million to a securities purchase agreement, dated September 29, 2016 (the “Purchase Agreement”). The initial sale of an aggregate amount of $250 million of Preferred Units was completed on October 5, 2016 (the “Initial Sale”).

Each Operating Group Entity executed a Unit Designation of the Preferences and Relative, Participating, Optional and Other Special Rights, Powers and Duties of the Preferred Units (the “Unit Designations”) in connection with the Initial Sale, which sets forth the terms of the Preferred Units issued in both the Initial Sale and the Subsequent Sale. The Company is also a party to each Unit Designation for the limited purposes described therein. A description of the terms of the Unit Designations, is contained under the heading “Item 1.01. Entry into a Material Definitive Agreement” in the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission (“SEC”) on September 29, 2016 and such information is incorporated herein by reference.

The foregoing description of the Unit Designations is subject to, and qualified in its entirety by reference to, the full text of the Unit Designations, which are attached as Exhibits 4.1, 4.2 and 4.3 to the Company’s Current Report on Form 8-K filed with the SEC on October 5, 2016 and incorporated herein by reference.

About OCH-ZIFF CAPITAL MANAGEMENT GROUP LLC (NYSE:OZM)

Och-Ziff Capital Management Group LLC (Och-Ziff) is an institutional alternative asset manager. The Company provides asset management services through its funds, which pursue a range of global investment opportunities. The Company operates through two segments: the Och-Ziff Funds and Other Operations. The Och-Ziff Funds segment provides asset management services to its multi-strategy funds, credit funds and other alternative investment vehicles. Its Other Operations segment includes real estate business, which provides asset management services to its real estate funds. It offers customized solutions within and across its product platforms to help its fund investors meet their investment objectives. Its global multi-strategy fund, The OZ Master Fund, allocates capital between its investment strategies in North America, Europe and Asia based on market conditions. It manages assets under management in its Institutional Credit Strategies products, real estate and other funds.

OCH-ZIFF CAPITAL MANAGEMENT GROUP LLC (NYSE:OZM) Recent Trading Information

OCH-ZIFF CAPITAL MANAGEMENT GROUP LLC (NYSE:OZM) closed its last trading session up +0.04 at 3.21 with 2,059,998 shares trading hands.