Press Release

Fortress Elects to Retain Capital

Company Release - 3/31/2009 8:17 PM EDT

NEW YORK, March 31 /PRNewswire-FirstCall/ -- Fortress Investment Group LLC (NYSE: FIG) announced today that it elected not to pay a dividend in the first quarter of 2009. Consistent with its decision last quarter, the Board elected to retain capital for potential future investment opportunities and for working capital purposes.

About Fortress

Fortress is a leading global alternative asset manager with approximately $29.5 billion in assets under management as of December 31, 2008. Fortress 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

SOURCE Fortress Investment Group LLC

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