Corporate Governance

Our Board of Directors has established an Audit Committee, a Compensation Committee, a Nominating, Corporate Governance and Conflicts Committee, and a Committee on Corporate Responsibility and Compliance, each of which is composed solely of independent directors.

Our Board of Directors is divided into three classes, with each class elected for a three-year term of office. The terms are staggered so that on an annual basis the term of one class expires.

Any shareholder or other interested party may contact our Board of Directors or any committee thereof to provide comments, to report concerns, or to ask a question at the following address:

The Board of Directors (or any committee thereof)
Sculptor Capital Management
Attention: Chief Legal Officer
9 West 57th Street
New York, NY 10019

By so indicating in your communication, you may direct your concern only to the independent members of the Board of Directors or to one of the committees of the Board. You may also indicate whether you are a shareholder or other interested party.

Relevant communications will be distributed to any or all directors as appropriate, depending on the facts and circumstances outlined in the individual communication. In accordance with instructions from the Board, the Secretary of the Board reviews all correspondence, organizes the communications for review by the Board and distributes such communications to the full Board, the independent directors or individual members, as appropriate.

In addition, at the request of the Board, communications that do not directly relate to our Board's duties and responsibilities as directors will be excluded from distribution. Those excluded items include: "Spam"; Advertisements; Mass Mailings; Form Letters; Mail campaigns that involve unduly large numbers of similar communications; Solicitations for goods, services, employment or contributions; and Surveys.

Additionally, communications that appear to be unduly hostile, intimidating, threatening, illegal, or simply inappropriate will also be screened for omission. Any excluded communication will be made available to any director upon his request.