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 six months endedJune 30, 2015. 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 Quarterly Report on Form 10-Q for the six months endedJune 30, 2015, which was filed with the U.S. Securities and Exchange Commission on August 5, 2015.

	June 30, 2015
	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	$	241,303		$	—		$	38,054		$	279,357
Income and fees receivable	123,883			(82,678		)	—			41,205
Due from related parties	70,594			(2,010		)	(60,300		)	8,284
Deferred income tax assets	3,330			—			734,179			737,509
Other assets, net	201,226			(25,171		)	37,191			213,246
Assets of consolidated Och-Ziff funds:
Investments, at fair value	—			8,792,491			—			8,792,491
Other assets of Och-Ziff funds	—			174,135			—			174,135
Total Assets	$	640,336		$	8,856,767		$	749,124		$	10,246,227
Liabilities and Shareholders' Equity
Liabilities
Due to related parties	$	1,796		$	—		$	652,708		$	654,504
Debt obligations	450,427			—			—			450,427
Compensation payable	25,620			—			—			25,620
Other liabilities	86,864			—			729			87,593
Liabilities of consolidated Och-Ziff funds:
Notes payable of consolidated CLOs, at fair value	—			6,328,081			—			6,328,081
Securities sold under agreements to repurchase	—			254,405			—			254,405
Other liabilities of Och-Ziff funds	—			40,550			—			40,550
Total Liabilities	564,707			6,623,036			653,437			7,841,180
Redeemable Noncontrolling Interests	—			884,042			—			884,042
Shareholders' Equity
Class A Shares, no par value	—			—			—			—
Class B Shares, no par value	—			—			—			—
Paid-in capital	12,580,474			—			(9,550,989		)	3,029,485
Appropriated retained deficit	—			(43,934		)	—			(43,934		)
Retained earnings (accumulated deficit)	(12,508,157		)	—			9,149,647			(3,358,510		)
Shareholders' equity (deficit) attributable to Class A Shareholders	72,317			(43,934		)	(401,342		)	(372,959		)
Shareholders' equity attributable to noncontrolling interests	3,312			1,393,623			497,029			1,893,964
Total Shareholders' Equity	75,629			1,349,689			95,687			1,521,005
Total Liabilities, Redeemable Noncontrolling Interests and Shareholders' Equity	$	640,336		$	8,856,767		$	749,124		$	10,246,227

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

	Six Months Ended June 30, 2015
	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	$	355,726	$	(22,297	)	$	—		$	333,429
Incentive income	134,098		(48,451		)	—			85,647
Other revenues	928		—			41			969
Income of consolidated Och-Ziff funds	—		234,205			—			234,205
Total Revenues	490,752		163,457			41			654,250
Expenses
Compensation and benefits	141,293		—			—			141,293
Reorganization expenses	8,034		—			—			8,034
Interest expense	10,650		—			—			10,650
General, administrative and other	114,670		—			(52,822		)	61,848
Expenses of consolidated Och-Ziff funds	—		138,271			—			138,271
Total Expenses	274,647		138,271			(52,822		)	360,096
Other Income
Net gains on investments in Och-Ziff funds and joint ventures	766		(577		)	—			189
Net gains of consolidated Och-Ziff funds	—		42,486			—			42,486
Total Other Income	766		41,909			—			42,675
Income Before Income Taxes	216,871		67,095			52,863			336,829
Income taxes	7,902		—			99,283			107,185
Consolidated and Total Comprehensive Net Income (Loss)	$	208,969	$	67,095		$	(46,420	)	$	229,644
Allocation of Consolidated and Total Comprehensive Net Income (Loss)
Class A Shareholders	$	77,051	$	—		$	(46,420	)	$	30,631
Noncontrolling interests	131,918		59,457			—			191,375
Redeemable noncontrolling interests	—		7,638			—			7,638
	$	208,969	$	67,095		$	(46,420	)	$	229,644

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