Och-Ziff Capital Management Group LLC to Release 2011 Second Quarter Results and Announce 2011 Second Quarter Dividend on August 2, 2011

NEW YORK, July 20, 2011 /PRNewswire/ -- Och-Ziff Capital Management Group LLC (NYSE: OZM) (the "Company") plans to announce its results and dividend for the 2011 second quarter on Tuesday, August 2, 2011 in a press release that will be issued prior to the opening of the New York Stock Exchange. This release will be issued after the Company's Form 8-K disclosure of the estimated returns of certain of the Company's funds as of July 31, 2011 and estimated assets under management as of August 1, 2011. The press release and the Form 8-K will also be available on the Class A Shareholders page of the Company's website, www.ozcap.com.

Daniel S. Och, Chairman and Chief Executive Officer, and Joel M. Frank, Chief Financial Officer and Senior Chief Operating Officer, plan to host a conference call that day at 8:30 a.m. Eastern Time to review these results. The call will be open to the public and can be accessed by dialing +1-888-713-4213 (callers inside the U.S.) or +1-617-213-4865 (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 38073683. A simultaneous webcast of the call will be available to the public on a listen-only basis on the Company's website as noted above.

For those unable to listen to the live broadcast, a replay will be available by dialing +1-888-286-8010 (callers inside the U.S.) or +1-617-801-6888 (callers outside the U.S.), passcode 21335042, beginning approximately two hours after the event for two weeks. A webcast replay of the event will also be available on the Company's website.

To pre-register for the conference call please use the following link:  https://www.theconferencingservice.com/prereg/key.process?key=PC8PU74DL

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's funds seek to generate consistent, positive, risk-adjusted returns across market cycles with low volatility and low correlation 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 July 1, 2011, Och-Ziff had approximately $29.3 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

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