Apollo Global Management Announces Launch of Public Offering of Common Stock

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					Apollo Global Management Announces Launch of
Public Offering of Common Stock
March 21, 2011 10:51 AM Eastern Daylight Time 

NEW YORK--(EON: Enhanced Online News)--Apollo Global Management, LLC (together with its subsidiaries,
“Apollo”) today announced the launch of an underwritten public offering of approximately 26,257,559 Class A
shares. Apollo is offering for sale to the public 18,000,000 Class A shares and certain Class A shareholders of
Apollo are offering for resale to the public approximately 8,257,559 Class A shares owned by them. None of
Apollo’s management, employees, affiliates, or Strategic Investors will be selling shares in this offering. Apollo will
grant to the underwriters of the Class A shares offering an option to purchase up to 3,938,633 additional Class A
shares. Apollo intends to use the net proceeds it receives from this offering of Class A shares for general corporate
purposes and to fund growth initiatives.

The offering will be made under Apollo’s registration statement on Form S-1 filed with the Securities and Exchange
Commission. The joint book-running managers for the offering are Goldman, Sachs & Co., J.P. Morgan, BofA
Merrill Lynch, Citi, Credit Suisse, Deutsche Bank Securities and UBS Investment Bank. The co-managers for the
offering are Barclays Capital, Morgan Stanley and Wells Fargo Securities.

This press release does not constitute an offer to sell or a solicitation of an offer to buy these securities, nor does it
constitute an offer, solicitation or sale of these securities in any jurisdiction in which such offer, solicitation or sale is
unlawful. The offering may be made only by means of a prospectus and a related prospectus supplement, copies of
which may be obtained from Goldman, Sachs & Co., Prospectus Department, 200 West Street, New York, NY
10282, telephone: 866-471-2526, facsimile: 212-902-9316, or by emailing prospectus-ny@ny.email.gs.com, from
J.P. Morgan, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Attention:
Prospectus Department, or by calling 866-803-9204 or from BofA Merrill Lynch, 4 World Financial Center, New
York, NY 10080, Attention: Prospectus Department, or email dg.prospectus_requests@baml.com.

About Apollo Global Management

Apollo is a global alternative asset manager with offices in New York, Los Angeles,
London, Frankfurt, Luxembourg, Singapore, Mumbai and Hong Kong. Apollo had assets under management of 
over $67 billion as of December 31, 2010, in private equity, credit-oriented capital markets and real estate funds
invested across a core group of nine industries.

Forward-Looking Statements

This press release may contain statements that are forward looking, as that term is defined by the Private Securities
Litigation Reform Act of 1995 or by the Securities and Exchange Commission in its rules, regulations and releases.
These statements include, but are not limited to, discussions related to Apollo’s expectations regarding the
performance of its business, its liquidity and capital resources and the other non-historical statements in the
discussion and analysis. These forward-looking statements are based on management’s beliefs, as well as
assumptions made by, and information currently available to, management. When used in this release, the words
“believe,” “anticipate,” “estimate,” “expect,” “intend” and similar expressions are intended to identify forward-
looking statements. Although management believes that the expectations reflected in these forward-looking
statements are reasonable, it can give no assurance that these expectations will prove to have been correct. These
statements are subject to certain risks, uncertainties and assumptions, including risks relating to our dependence on
certain key personnel, our ability to raise new Private Equity, Capital Markets or Real Estate funds, market
conditions, generally, our ability to manage our rapid growth, fund performance, changes in our regulatory
environment and tax status, the variability of our revenue, net income and cash flow, our use of leverage to finance
our businesses and investments by our funds and litigation risks, among others.

Contacts
Media:
Rubenstein Associates, Inc. for Apollo Global Management
Charles Zehren, 212-843-8590
czehren@rubenstein.com
or
Investors:
Apollo Global Management, LLC
Gary M. Stein, 212-822-0467
Head of Corporate Communications
gstein@apollolp.com

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