Och-Ziff Capital Management Group LLC to Release Fourth Quarter and Full Year 2007 Results on February 26, 2008


NEW YORK, Feb. 12 /PRNewswire-FirstCall/ -- Och-Ziff Capital Management Group LLC (NYSE: OZM) plans to announce its results for the 2007 fourth quarter and full year on Tuesday, February 26, 2008 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 Shareholders page of Och-Ziff'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 10:00 a.m. Eastern Time to review these results. The call will be open to the public and can be accessed by dialing 888-679-8035 (callers inside the U.S.) or 617-213-4848 (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 10955828. A simultaneous webcast of the call will be available to the public on a listen-only basis on our website as noted above.

For those unable to listen to the live broadcast, a replay will be available on our website or by dialing 888-286-8010 (callers inside the U.S.) or 617-801-6888 (callers outside the U.S.), passcode 48657697, beginning approximately two hours after the event for two weeks. A webcast replay of the event will also be available on our website.

To pre-register for the conference call please use the following link:

About Och-Ziff Capital Management Group LLC

Och-Ziff Capital Management Group is one of the world's largest institutional alternative asset managers with offices in New York, London, Hong Kong, Tokyo, Bangalore and Beijing. Och-Ziff's funds seek to deliver consistent positive, risk-adjusted returns with a strong focus on risk management and capital preservation. Och-Ziff's multi-strategy approach combines global investment strategies, including merger arbitrage, convertible arbitrage, equity restructuring, credit and distressed credit investments, private equity and real estate. As of February 1, 2008, Och-Ziff had approximately $33.0 billion in assets under management for over 700 investor relationships. For more information, please visit www.ozcap.com.

SOURCE Och-Ziff Capital Management Group LLC

CONTACT: Investors, Tina Madon, Managing Director, Head of Investor Relations, +1-212-719-7381, tina.madon@ozcap.com; or Media, Steve Bruce or Chuck Dohrenwend, both of The Abernathy MacGregor Group for Och-Ziff Capital Management Group, +1-212-371-5999