Press Release

NEW YORK--(BUSINESS WIRE)-- Fortress Investment Group LLC (NYSE: FIG) issued the following statement, correcting erroneous press coverage concerning its financial backing of Bob and Harvey Weinstein and Ron Burkle in their bid for Miramax:

“The New York Post’s report that Bob and Harvey Weinstein and Ron Burkle have lost the financial backing of Fortress Investment Group is patently false. Fortress remains committed to providing financial support for the Weinsteins’ and Mr. Burkle’s bid for Miramax. Our relationship with the Weinsteins and Mr. Burkle, also contrary to yesterday’s report, remains strong and constructive, and the group has ample financial backing to successfully pursue an acquisition of Miramax. We look forward to continuing to work closely with our partners in support of their efforts.”

About Fortress

Fortress is a leading global investment manager founded in 1998. Fortress offers alternative and traditional investment products. 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
Investor:
Lilly H. Donohue, 212-798-6118
or
Media:
Gordon E. Runté, 212-798-6082