Oaktree Schedules First Quarter 2017 Earnings Conference Call for April 27, 2017

11:00 a.m. Eastern Time / 8:00 a.m. Pacific Time

Oaktree Capital Group, LLC (NYSE: OAK) today announced that it will report first quarter 2017 financial results prior to the opening of the New York Stock Exchange on Thursday, April 27, 2017. Management will host a conference call to discuss the results on the same day at 11:00 a.m. Eastern Time / 8:00 a.m. Pacific Time. The conference call may be accessed by dialing [phone] (U.S. callers) or [phone] (non-U.S. callers), participant password OAKTREE. Alternatively, a live webcast of the conference call can be accessed by interested parties through the Unitholders – Investor Relations section of the Oaktree website, http://ir.oaktreecapital.com/.

For those individuals unable to listen to the live broadcast of the conference call, a replay will be available for 30 days on Oaktree's website, or by dialing [phone] (U.S. callers) or [phone] (non-U.S. callers), access code 10103753, beginning approximately one hour after the broadcast.

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