At yesterday’s regularly scheduled meeting of Apollo Global Management’s Board of Directors, Apollo’s Chairman and CEO, Leon Black, requested that the Board’s Conflicts Committee (comprised of independent directors) retain outside counsel to conduct a thorough review of, and independently confirm, the information that Mr. Black has conveyed about his previous professional relationship with Mr. Jeffrey Epstein. Mr. Black has previously detailed the nature of that relationship in prior communications and confirmed that Mr. Epstein never did any business with Apollo.

Mr. Black informed the Board that, “in light of continued attention, it is in the best interests of Apollo, our employees, our shareholders and our LPs for there to be an independent review. Proceeding in this manner is the best way to assure all of our stakeholders that they have all of the relevant facts, and I look forward to cooperating fully.”

The Conflicts Committee has retained Dechert LLP as outside counsel to conduct a thorough, independent review which will include interviewing individuals and examining relevant documents. The Company fully supports this review and looks forward to the Committee completing its work and releasing its conclusions expeditiously.

The information included in this Current Report on Form 8-K is being furnished under Item 7.01, “Regulation FD Disclosure” of Form 8-K. As such, the information herein shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, nor shall it be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.