Apollo Global Management Names Gary M. Stein Director of Investor Relations.

NEW YORK -- Apollo Global Management, LLC ("Apollo"), a leading global alternative asset manager, today announced that Gary M. Stein has been appointed to the newly created position of Director of Investor Relations. In his investor relations role at Apollo, Mr. Stein will be responsible for establishing and maintaining interactions with current and prospective investors, research analysts, and the general investment community.

Mr. Stein joins Apollo from NYSE Euronext ("NYSE") where he most recently served as the Head of Investor Relations. During his tenure with NYSE, Mr. Stein was responsible for the creation and implementation of the company's investor relations function since the firm went public in 2006.

"We welcome Gary to the Apollo team, and look forward to his contributions as we continue to execute our strategic plan and expand our company. His experience in building relationships and external communication will be invaluable as we look to enhance our visibility with the investment community," said Kenneth A. Vecchione, Chief Financial Officer of Apollo.

About Gary M. Stein

Prior to joining Apollo, Mr. Stein spent over four years with NYSE. At NYSE, Mr. Stein headed the investor relations function, commencing in January 2006, and prior to that he was responsible for the company's business development activities. Mr. Stein's career spans nearly 20 years in investor relations, strategy, private equity and investment banking, with experience at several leading financial services firms including Morgan Stanley and Patricof & Co. Ventures (now Apax Partners). Mr. Stein received a B.S. in Economics with a concentration in Finance from the Wharton School of the University of Pennsylvania and an M.B.A. from Columbia Business School.

About Apollo

Apollo is a leading global alternative asset manager with offices in New York, Los Angeles, London, Singapore, Frankfurt and Paris. Apollo has assets under management in excess of $40 billion in private equity, hedge funds, distressed debt and mezzanine funds invested across a core group of industries where Apollo has considerable knowledge and resources.

Forward-Looking Statements

This press release may contain statements that are forward looking, as that term is defined by the Private Securities Litigation Reform Act of 1995 or by the Securities and Exchange Commission in its rules, regulations and releases. These statements include, but are not limited to, discussions related to Apollo's expectations regarding the performance of its business, its liquidity and capital resources and the other non-historical statements in the discussion and analysis. These forward looking statements are based on management's beliefs, as well as assumptions made by, and information currently available to, management. When used in this release, the words "believe," "anticipate," "estimate," "expect," "intend" and similar expressions are intended to identify forward-looking statements. Although management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that these expectations will prove to have been correct. These statements are subject to certain risks, uncertainties and assumptions, including risks relating to our dependence on certain key personnel, our ability to raise new Private Equity or Capital Markets funds, market conditions, generally, our ability to manage our rapid growth, fund performance, changes in our regulatory environment and tax status, the variability of our revenue, net income and cash flow, our use of leverage to finance our businesses and investments by our funds and litigation risks, among others.