Press Release

NEW YORK, Nov. 5 /PRNewswire-FirstCall/ -- Fortress Investment Group LLC (NYSE: FIG) announced today that it will release its third quarter results for the period ended September 30, 2008 on November 13, 2008 at approximately 6:00 AM eastern time.

In addition, management will host a conference call on Thursday, November 13 at 8:00 A.M. eastern time. The presentation and supporting materials (including the earnings release) will be posted to the Investor Relations section of Fortress's website www.fortress.com.

All interested parties are welcome to participate on the live call. The conference call may be accessed by dialing 1-877-252-8576 (from within the U.S.) or 1-706-679-1521 (from outside of the U.S.) ten minutes prior to the scheduled start of the call; please reference "Fortress Third Quarter Earnings Call." A simultaneous webcast of the conference call will be available to the public on a listen-only basis at 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 Friday, November 21, 2008 by dialing 1-800-642-1687 (from within the U.S.) or 1-706-645-9291 (from outside of the U.S.); please reference access code "70216393."

About Fortress

Fortress is a leading global alternative asset manager with approximately $35.1 billion in assets under management as of June 30, 2008. Fortress raises, invests and manages private equity funds and hedge funds. 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 www.fortress.com.

SOURCE Fortress Investment Group LLC

Contact: Lilly H. Donohue, +1-212-798-6118