NEW YORK, July 23 /EMWNews/ -- Och-Ziff Capital Management

Group LLC (NYSE: OZM) plans to announce its results for the 2008 second

quarter on Wednesday, August 6, 2008 in a press release that will be issued

prior to the opening of the New York Stock Exchange. The press release will

also be available on the For Shareholders page of Och-Ziff's website,

http://www.ozcap.com.



    Daniel Och, Chairman and Chief Executive Officer, and Joel Frank, Chief

Financial Officer, plan to host a conference call that day at 10:00 a.m.

Eastern Time to review these results. The call will be open to the public

and can be accessed by dialing 888-713-4216 (callers inside the U.S.) or

617-213-4868 (callers outside the U.S.). The number should be dialed at

least ten minutes prior to the start of the call. The passcode for the call

will be 97905169. A simultaneous webcast of the call will be available to

the public on a listen-only basis on our website as noted above.



    For those unable to listen to the live broadcast, a replay will be

available on our website or by dialing 888-286-8010 (callers inside the

U.S.) or 617-801-6888 (callers outside the U.S.), passcode 12211369,

beginning approximately two hours after the event for two weeks. A webcast

replay of the event will also be available on our website.



    To pre-register for the conference call please use the following link:

https://www.theconferencingservice.com/prereg/key.process?key=PMJQM9TMM

    About Och-Ziff Capital Management Group LLC



    Och-Ziff Capital Management Group LLC is one of the world's largest

institutional alternative asset managers with offices in New York, London,

Hong Kong, Tokyo, Bangalore and Beijing. Och-Ziff's funds seek to deliver

consistent, positive, risk-adjusted returns throughout market cycles, with

a strong focus on capital preservation. Och-Ziff's multi-strategy approach

combines global investment strategies, including merger arbitrage,

convertible and derivative arbitrage, equity restructuring, credit and

distressed investments, private investments and real estate. As of July 1,

2008, Och-Ziff had approximately $33.3 billion in estimated assets under

management with over 700 investor relationships. For more information,

please visit http://www.ozcap.com.