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News Release

Apollo Global Management, LLC Files Registration Statement for Proposed Public Offering of Class A Shares
New York, March 22, 2010 – Apollo Global Management, LLC (together with its subsidiaries, “Apollo”) announced today it has amended its registration statement on Form S-1/A with the U.S. Securities and Exchange Commission to include a preliminary prospectus relating to a proposed underwritten initial public offering of its Class A shares.

Apollo intends to apply to list its Class A shares on the New York Stock Exchange. The offering will be made by both Apollo and certain selling shareholders. None of Apollo’s management, employees, affiliates, or Strategic Investors will be selling shares in this offering. Apollo expects to offer approximately $50 million of Class A shares, as the main purposes of the offering are to: (i) provide an opportunity for any existing institutional shareholders who are interested to sell shares in a marketed offering; (ii) facilitate active trading concurrent with the public registration of its shares; and (iii) broaden its current base of unaffiliated shareholders. Apollo intends to use the net proceeds it receives from this offering of Class A shares for general corporate purposes, and to fund growth initiatives. Apollo will not receive any proceeds from the sale of Class A shares by any selling shareholders.

The offering of Class A shares will be made only by means of a prospectus. When available, a copy of the preliminary prospectus relating to this offering may be obtained from: Apollo Global Management, LLC, 9 West 57th Street, 43rd Floor, New York, New York 10019, or from such underwriters as Apollo will engage in the future.

The registration statement was filed originally to comply with agreements Apollo entered into in connection with a private offering of shares to investors in August 2007. In addition to the preliminary prospectus for the proposed underwritten public offering, the amended registration statement also includes a preliminary “shelf” prospectus that may be used by investors in the 2007 private offering to resell Class A shares from time to time on a registered basis. Apollo will not receive any proceeds from the sale of the Class A shares covered by this separate prospectus.

The registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sales of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Apollo
Apollo is a leading global alternative asset manager with offices in New York, Los Angeles, London, Frankfurt, Luxembourg, Hong Kong, Singapore, and Mumbai. Apollo had assets under management of over $53 billion, as of December 31, 2009, in private equity, credit-oriented capital markets and real estate invested across a core group of industries where Apollo has considerable knowledge and resources.

Investor Relations:
Gary M. Stein
Director of Investor Relations
Apollo Global Management, LLC
212-822-0467
Media Relations:
Charles V. Zehren
Rubenstein Associates, Inc., for Apollo
Global Management, LLC
212-849-8590