Press Release

NEW YORK, May 14 /PRNewswire-FirstCall/ -- Fortress Investment Group LLC (NYSE: FIG) announced today that the earnings call scheduled for tomorrow will now be held at 5:30 P.M. eastern time instead of 4:30 P.M. as originally scheduled. Fortress will still be releasing its first quarter 2007 financial results for the period ended March 31, 2007 before the market opens on May 15, 2007.

Management will host a conference call on Tuesday, May 15, 2007 at 5:30 P.M. eastern time. A copy of the earnings release will be posted to the Investor Relations section of Fortress's website http://www.fortress.com.

All interested parties are welcome to participate on the live call. The conference call may be accessed by dialing 1-800-811-8830 (from within the U.S.) or 1-913-981-4904 (from outside of the U.S.) ten minutes prior to the scheduled start of the call; please reference "Fortress First Quarter Earnings Call." A simultaneous webcast of the conference call will be available to the public on a listen-only basis at http://www.fortress.com. Please allow extra time prior to the call to visit the site and download the necessary software required to listen to the internet broadcast.

A telephonic replay of the conference call will also be available until 11:59 P.M. eastern time on Tuesday, May 22, 2007 by dialing 1-888-203-1112 (from within the U.S.) or 1-719-457-0820 (from outside of the U.S.); please reference access code "4156453."

Fortress is a leading global alternative asset manager with approximately $35.1 billion in assets under management as of December 31, 2006. Fortress raises, invests and manages private equity funds, hedge funds and publicly traded alternative investment vehicles. Fortress was founded in 1998. For more information regarding Fortress Investment Group LLC or to be added to our e-mail distribution list, please visit http://www.fortress.com.

SOURCE Fortress Investment Group LLC

Contact: Lilly H. Donohue of Fortress Investment Group LLC, +1-212-798-6118