Press Release

NEW YORK--(BUSINESS WIRE)-- Fortress Investment Group LLC (NYSE: FIG) today announced SeaCube Container Leasing Ltd.’s initial public offering of 2,500,000 primary common shares, as well as the offering of 7,000,000 secondary common shares of SeaCube by Seacastle Operating Company Ltd., an entity indirectly owned by certain private equity funds managed by an affiliate of Fortress Investment Group LLC. The shares were priced at $10 per share. Fortress funds acquired the company in 2006 and will indirectly own approximately 47% of SeaCube after the closing of the offering and prior to the exercise of over-allotments, if any.

In connection with the offering, SeaCube granted the underwriters a 30-day option to purchase up to 950,000 additional common shares, and Seacastle Operating Company Ltd. granted the underwriters the option to purchase up to 475,000 additional common shares, to cover over-allotments, if any.

The shares will begin trading on October 28, 2010 on the New York Stock Exchange under the symbol "BOX." The offering is expected to close on November 2, 2010.

J.P. Morgan, Citi, Deutsche Bank Securities and Wells Fargo Securities are acting as representatives for the underwriters of this offering.

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission. Copies of the prospectus related to the offering may be obtained from the prospectus department of J.P. Morgan, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 (Tel: 866-803-9204); Citi, Attention: Prospectus Department, Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, NY 11220 (Tel: 800-831-9146); Deutsche Bank Securities, Attention: Prospectus Department, 100 Plaza One, Jersey City, New Jersey 07311 (Tel: 800-503-4611); or Wells Fargo Securities, Attention: Equity Syndicate Dept., 375 Park Avenue, New York, NY 10152 (Tel: 800-326-5897).

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Fortress

Fortress is a leading global investment manager with approximately $41.7 billion in assets under management as of June 30, 2010. Fortress offers alternative and traditional investment products and 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.

Cautionary Note Regarding Forward-Looking Statements

Certain items in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 including, but not necessarily limited to, statements regarding the closing of the offering, the anticipated issuance of shares by SeaCube Container Leasing Ltd. and other statements that are not historical facts. These statements are based on management's current expectations and beliefs and are subject to a number of factors that could lead to actual results materially different from those described in the forward-looking statements; SeaCube Container Leasing Ltd. can give no assurance that its expectations will be attained. Factors that could cause actual results to differ materially from SeaCube Container Leasing Ltd.'s expectations include, but are not limited to, (a) customary closing conditions and (b) such other risk factors as may be discussed in the final prospectus relating to the offering and subsequent reports filed with the Securities and Exchange Commission. Such forward-looking statements speak only as of the date of this press release. SeaCube Container Leasing Ltd. expressly disclaims any obligation to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in SeaCube Container Leasing Ltd.'s expectations with regard thereto or change in events, conditions or circumstances on which any statement is based.

Source: Fortress Investment Group LLC

Contact:

Fortress Investment Group LLC
Investors:
Lilly H. Donohue, +1 212-798-6118
or
Media:
Gordon E. Runté, +1 212-798-6082