Oaktree Schedules Fourth Quarter and Full Year 2016 Earnings Conference Call for February 7, 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 fourth quarter and full year 2016 financial results prior to the opening of the New York Stock Exchange on Tuesday, February 7, 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 10099503, beginning approximately one hour after the broadcast.

About Oaktree

Oaktree is a leader among global investment managers specializing in alternative investments, with $100 billion in assets under management as of September 30, 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. [e-mail]