KKR Financial Holdings LLC to Announce Financial Results for the Quarter and Year Ended December 31, 2008

SAN FRANCISCO, Feb. 23  /PRNewswire-FirstCall/ -- KKR Financial Holdings LLC (NYSE:KFN) (the "Company") announced today that it will release financial results for the fourth quarter and year ended December 31, 2008 on Monday, March 2, 2009, prior to the start of trading on the New York Stock Exchange.

The Company will host an earnings conference call and audio webcast to review these results beginning at 8:00 AM ET.  The conference call may be accessed by dialing [phone] (Domestic) or [phone] (International); a pass code is not required.  The replay of the call will be available shortly after the call through Monday, March 9, 2009 by dialing [phone] (Domestic) or [phone] (International) / pass code 3143812.

A live audio web cast of the call will be accessible on the Company's website via a link from the Investor Relations section at http://www.kkr.com/kam/kfn_webcasts_presentations_and_important_documents.cfm. A replay of the audio web cast will be archived in the Investor Relations section of the Company's website.

About KKR Financial Holdings LLC

KKR Financial Holdings LLC is a publicly traded specialty finance company that invests in multiple asset classes. KKR Financial Holdings LLC is externally managed by KKR Financial Advisors LLC, a wholly-owned subsidiary of Kohlberg Kravis Roberts & Co. L.P. Additional information regarding KKR Financial Holdings LLC is available on the Company's website at http://www.kkr.com/.

  Contact:
      Investors
      Laurie Poggi
      KKR Asset Management
      [phone]

      Media
      Peter McKillop or Kristi Huller
      KKR
      [phone]
      

DATASOURCE: KKR Financial Holdings LLC



CONTACT:  Investors, Laurie Poggi, Asset Management, [phone], or

media, Peter McKillop or Kristi Huller, [phone], , all of

KKR Financial Holdings LLC



Web Site:  http://www.kkrkfn.com/ 

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