Sculptor Capital Management (SCU) 8-K Regulation FD Disclosure

Unaudited Reconciliation of Financial Data

The following tables present the historical unaudited financial information for the Credit parties and their consolidated subsidiaries (the “Och-Ziff Operating Group”) as of and for the year endedDecember 31, 2014. The Och-Ziff Operating Group does not report audited or unaudited financial information on a stand-alone basis. Accordingly, the financial data presented herein for the Och-Ziff Operating Group and its consolidated subsidiaries has been reconciled to Och-Ziff Capital Management Group LLC’s financial statements for the relevant periods. You should read this data in conjunction with Och-Ziff Capital Management Group LLC’s financial statements and the related notes included in its Annual Report on Form 10-K for the year endedDecember 31, 2014, which was filed with the U.S. Securities and Exchange Commission on February 23, 2015.

	December 31, 2014
	Och-Ziff Operating Group			Consolidated Och-Ziff Funds and Related Eliminations			Other(1)			Och-Ziff Capital Management Group LLC Consolidated
	(dollars in thousands)
Assets
Cash and cash equivalents	$	194,500		$	—		$	56,103		$	250,603
Income and fees receivable	507,025			(66,698		)	—			440,327
Due from related parties	114,628			(2,773		)	(106,892		)	4,963
Deferred income tax assets	3,008			—			832,377			835,385
Other assets, net	178,544			(3,262		)	37,146			212,428
Assets of consolidated Och-Ziff funds:
Investments, at fair value	—			7,456,134			—			7,456,134
Other assets of Och-Ziff funds	—			103,046			—			103,046
Total Assets	$	997,705		$	7,486,447		$	818,734		$	9,302,886
Liabilities and Shareholders' Equity
Liabilities
Due to related parties	$	1,770		$	—		$	701,135		$	702,905
Debt obligations	447,887			—			—			447,887
Compensation payable	238,489			—			—			238,489
Other liabilities	105,101			(9,493		)	139			95,747
Liabilities of consolidated Och-Ziff funds:
Notes payable of consolidated CLOs, at fair value	—			5,227,411			—			5,227,411
Securities sold under agreements to repurchase	—			302,266			—			302,266
Other liabilities of Och-Ziff funds	—			50,333			—			50,333
Total Liabilities	793,247			5,570,517			701,274			7,065,038
Redeemable Noncontrolling Interests	—			545,771			—			545,771
Shareholders' Equity
Class A Shares, no par value	—			—			—			—
Class B Shares, no par value	—			—			—			—
Paid-in capital	12,513,783			—			(9,508,902		)	3,004,881
Appropriated retained deficit	—			(31,336		)	—			(31,336		)
Accumulated deficit	(12,311,249		)	—			9,046,945			(3,264,304		)
Shareholders' deficit attributable to Class A Shareholders	202,534			(31,336		)	(461,957		)	(290,759		)
Shareholders' equity attributable to noncontrolling interests	1,924			1,401,495			579,417			1,982,836
Total Shareholders' Equity	204,458			1,370,159			117,460			1,692,077
Total Liabilities, Redeemable Noncontrolling Interests and Shareholders' Equity	$	997,705		$	7,486,447		$	818,734		$	9,302,886

(1) Includes amounts related to entities not included in the Och-Ziff Operating Group or the consolidated Och-Ziff funds, including related eliminations.

	Year Ended December 31, 2014
	Och-Ziff Operating Group		Consolidated Och-Ziff Funds and Related Eliminations			Other(1)			Och-Ziff Capital Management Group LLC Consolidated
	(dollars in thousands)
Revenues
Management fees	$	697,500	$	(33,279	)	$	—		$	664,221
Incentive income	591,907		(84,646		)	—			507,261
Other revenues	1,298		—			5			1,303
Income of consolidated Och-Ziff funds	—		369,499			—			369,499
Total Revenues	1,290,705		251,574			5			1,542,284
Expenses
Compensation and benefits	492,391		—			321			492,712
Reorganization expenses	16,083		—			—			16,083
Interest expense	8,165		—			1			8,166
General, administrative and other	177,510		—			(44,710		)	132,800
Expenses of consolidated Och-Ziff funds	—		185,888			—			185,888
Total Expenses	694,149		185,888			(44,388		)	835,649
Other Income
Net gains on investments in Och-Ziff funds and joint ventures	6,690		(691		)	—			5,999
Net gains of consolidated Och-Ziff funds	—		137,726			—			137,726
Total Other Income	6,690		137,035			—			143,725
Income Before Income Taxes	603,246		202,721			44,393			850,360
Income taxes	26,717		—			112,331			139,048
Consolidated and Total Comprehensive Net Income (Loss)	$	576,529	$	202,721		$	(67,938	)	$	711,312
Allocation of Consolidated and Total Comprehensive Net Income (Loss)
Class A Shareholders	$	210,383	$	—		$	(67,938	)	$	142,445
Noncontrolling interests	366,146		169,142			—			535,288
Redeemable noncontrolling interests	—		33,579			—			33,579
	$	576,529	$	202,721		$	(67,938	)	$	711,312

(1) Includes amounts related to entities not included in the Och-Ziff Operating Group or the consolidated Och-Ziff funds, including related eliminations.