Oaktree Announces Release of 2016 Schedule K-1 Tax Forms for Oaktree Capital Group, LLC

Oaktree Capital Group, LLC (NYSE: OAK) announced today that 2016 Schedule K-1 tax forms for the Class A units of Oaktree Capital Group, LLC are available online. OAK public unitholders can access the Schedule K-1 tax form at www.taxpackagesupport.com/Oaktree.

The 2016 Schedule K-1 tax packages will also be mailed out to unitholders beginning in early April. For additional information about the Class A units of Oaktree Capital Group, LLC reported on the OAK Schedule K-1, you may contact Tax Package Support at [phone].

About Oaktree

Oaktree is a leader among global investment managers specializing in alternative investments, with $101 billion in assets under management as of December 31, 2016. The firm emphasizes an opportunistic, value-oriented and risk-controlled approach to investments in distressed debt, corporate debt (including high yield debt and senior loans), control investing, convertible securities, real estate and listed equities. Headquartered in Los Angeles, the firm has over 900 employees and offices in 18 cities worldwide. For additional information, please visit Oaktree’s website at www.oaktreecapital.com.

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Oaktree Capital Group, LLCInvestor Relations:Andrea D. Williams(213) [e-mail]