Press Release

Fortress to Release Second Quarter Results on August 5, 2009

Company Release - 7/23/2009 5:38 PM EDT

NEW YORK, July 23 /PRNewswire-FirstCall/ -- Fortress Investment Group LLC (NYSE: FIG) announced today that it will release its second quarter results for the period ended June 30, 2009 on August 5, 2009 at approximately 7:00 A.M. eastern time.

In addition, management will host a conference call on Wednesday, August 5, at 8:00 A.M. eastern time. A copy of 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 Second 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 Wednesday, August 12, 2009 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 "21490515."

About Fortress

Fortress is a leading global alternative asset manager. 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 www.fortress.com.

SOURCE Fortress Investment Group LLC

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