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 nine months endedSeptember 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 nine months endedSeptember 30, 2015, which was filed with the U.S. Securities and Exchange Commission on November 3, 2015.

	September 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	$	265,759		$	—		$	45,586		$	311,345
Income and fees receivable	130,150			(78,173		)	—			51,977
Due from related parties	70,670			(1,594		)	(61,342		)	7,734
Deferred income tax assets	3,587			—			726,785			730,372
Other assets, net	182,489			(19,327		)	37,160			200,322
Assets of consolidated Och-Ziff funds:
Investments, at fair value	—			8,908,111			—			8,908,111
Other assets of Och-Ziff funds	—			284,242			—			284,242
Total Assets	$	652,655		$	9,093,259		$	748,189		$	10,494,103
Liabilities and Shareholders' Equity
Liabilities
Due to related parties	$	1,605		$	—		$	653,241		$	654,846
Debt obligations	449,655			—			—			449,655
Compensation payable	34,721			—			—			34,721
Other liabilities	81,696			—			369			82,065
Liabilities of consolidated Och-Ziff funds:
Notes payable of consolidated CLOs, at fair value	—			6,704,556			—			6,704,556
Securities sold under agreements to repurchase	—			230,550			—			230,550
Other liabilities of Och-Ziff funds	—			52,119			—			52,119
Total Liabilities	567,677			6,987,225			653,610			8,208,512
Redeemable Noncontrolling Interests	—			857,609			—			857,609
Shareholders' Equity
Class A Shares, no par value	—			—			—			—
Class B Shares, no par value	—			—			—			—
Paid-in capital	12,609,706			—			(9,569,459		)	3,040,247
Appropriated retained deficit	—			(19,466		)	—			(19,466		)
Retained earnings (accumulated deficit)	(12,526,871		)	—			9,160,400			(3,366,471		)
Shareholders' equity (deficit) attributable to Class A Shareholders	82,835			(19,466		)	(409,059		)	(345,690		)
Shareholders' equity attributable to noncontrolling interests	2,143			1,267,891			503,638			1,773,672
Total Shareholders' Equity	84,978			1,248,425			94,579			1,427,982
Total Liabilities, Redeemable Noncontrolling Interests and Shareholders' Equity	$	652,655		$	9,093,259		$	748,189		$	10,494,103

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

	Nine Months Ended September 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	$	530,982	$	(34,775	)	$	—		$	496,207
Incentive income	176,435		(55,173		)	—			121,262
Other revenues	1,506		—			42			1,548
Income of consolidated Och-Ziff funds	—		361,136			—			361,136
Total Revenues	708,923		271,188			42			980,153
Expenses
Compensation and benefits	211,895		—			—			211,895
Reorganization expenses	12,052		—			—			12,052
Interest expense	16,033		—			—			16,033
General, administrative and other	179,594		—			(52,262		)	127,332
Expenses of consolidated Och-Ziff funds	—		220,847			—			220,847
Total Expenses	419,574		220,847			(52,262		)	588,159
Other Income
Net gains on investments in Och-Ziff funds and joint ventures	1,625		(1,582		)	—			43
Net gains of consolidated Och-Ziff funds	—		21,859			—			21,859
Total Other Income	1,625		20,277			—			21,902
Income Before Income Taxes	290,974		70,618			52,304			413,896
Income taxes	12,742		—			106,865			119,607
Consolidated and Total Comprehensive Net Income (Loss)	$	278,232	$	70,618		$	(54,561	)	$	294,289
Allocation of Consolidated and Total Comprehensive Net Income (Loss)
Class A Shareholders	$	102,609	$	—		$	(54,561	)	$	48,048
Noncontrolling interests	175,623		94,723			—			270,346
Redeemable noncontrolling interests	—		(24,105		)	—			(24,105		)
	$	278,232	$	70,618		$	(54,561	)	$	294,289

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