Oaktree Capital Group, LLC (“Oaktree”) today announced the pricing of its initial public offering at a price of $43.00 per Class A unit. Oaktree’s Class A units will begin trading on the New York Stock Exchange under the symbol “OAK” on April 12, 2012. Of the Class A units to be sold in the offering, Oaktree is offering 7,888,864 Class A units and the selling unitholders are offering 954,159 Class A units. In addition, the underwriters have been granted a 30-day option to purchase up to an additional 1,183,331 Class A units from Oaktree and 143,123 Class A units from the selling unitholders. Oaktree will not retain any of the proceeds from the sale of Class A units by the selling unitholders and will use its offering proceeds to acquire interests in the company’s business from Oaktree’s principals, employees and other investors. Goldman, Sachs & Co. and Morgan Stanley are acting as joint global coordinators and BofA Merrill Lynch, Credit Suisse, Deutsche Bank Securities and J.P. Morgan are acting as joint bookrunners for this offering. This offering will be made only by means of a written prospectus forming part of the effective registration statement relating to these securities. Copies of the prospectus may be obtained by contacting Goldman, Sachs & Co., 200 West Street, New York, NY 10282, Attention: Prospectus Department (Tel: 866-471-2526; Fax: 212-902-9316; e-mail: firstname.lastname@example.org) or Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, NY 10014, Attention: Prospectus Department (Tel: 866-718-1649; e-mail: email@example.com). A registration statement on Form S-1 relating to the initial public offering of Oaktree’s Class A units was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on April 11, 2012. Copies of the registration statement can be accessed through the SEC’s website at www.sec.gov. 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 jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. About Oaktree Oaktree is a leading global investment management firm focused on alternative markets. The firm emphasizes an opportunistic, value-oriented and risk-controlled approach to investments in distressed debt, corporate debt (including high yield debt and senior loans), control investing, convertible securities, real estate and listed equities.