Press Release

NEW YORK--(BUSINESS WIRE)-- Fortress Investment Group LLC (NYSE: FIG) announced today that affiliates of certain Fortress managed funds have agreed to purchase portfolios of performing and non-performing European residential mortgage assets from affiliates of Residential Capital, LLC (ResCap), as well as acquire the ResCap mortgage platforms located in Germany, the Netherlands and the United Kingdom. ResCap is a subsidiary of GMAC Financial Services. The closing of the transactions is subject to regulatory approvals and closing conditions.

Peter L. Briger, Co-Chairman of Fortress Investment Group, remarked "the acquisition of these portfolios and companies are further examples of businesses looking to divest non-core assets - one of the compelling investment opportunities we are seeing in the current markets."

Mr. Briger added, "These servicing platforms, combined with other Fortress owned servicers, provide our firm with expertise throughout Europe. Our platforms will not only maximize the value of European assets currently owned in Fortress funds but provide us with an increased ability to source and identify attractive investment opportunities."

The assets to be acquired include approximately 6,000 residential mortgage whole loans.

The companies to be acquired include GMAC-RFC Limited in the UK, GMAC-RFC Investments B.V., GMAC-RFC Nederland B.V., Atlas Funding B.V. and Quion 20 B.V. in the Netherlands and GMAC-RFC Deutschland GmbH and GMAC-RFC Servicing GmbH in Germany. Such entities were the originators of and currently act as servicers to, amongst others, the mortgage backed securities transactions entered into by the various issuance vehicles established under the EMAC DE, EMAC NL and Rathmount names. As a portfolio investment, each acquired company will be financially and operationally separate from Fortress Investment Group LLC, Fortress managed funds and their affiliates.

About Fortress

Fortress is a leading global alternative asset manager with approximately $31.8 billion in assets under management as of December 31, 2009. 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: Fortress Investment Group LLC Lilly H. Donohue, 212-798-6118