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

NEW YORK, November 13, 2007 – Och-Ziff Capital Management Group LLC (“Och-Ziff”) announced today that its initial public offering of 36,000,000 Class A shares representing Class A limited liability company interests priced at $32.00 per share. The shares are expected to begin trading tomorrow, November 14, 2007, on the New York Stock Exchange under the symbol “OZM.” Och-Ziff has granted the underwriters the option to purchase up to an additional 5,400,000 Class A shares from Och-Ziff at the initial public offering price less the underwriting discount.

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

Goldman, Sachs & Co. and Lehman Brothers served as global coordinators for the offering. Merrill Lynch & Co., Morgan Stanley, Citi, Deutsche Bank Securities and JPMorgan served as bookrunners.

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

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities 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 institutional alternative asset management firm and one of the largest alternative asset managers in the world, with approximately $30.1 billion of assets under management for over 700 fund investors as of September 30, 2007.

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Steve Bruce or Chuck Dohrenwend The Abernathy MacGregor Group, for Och-Ziff Capital Management Group 212-371-5999