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, 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 Annual Report on Form 10-K for the year ended December 31, 2015, which was filed with the U.S. Securities and Exchange Commission on February 11, 2016.

	December 31, 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	$	213,449		$	—		$	40,621		$	254,070
Income and fees receivable	158,380			(64,534		)	—			93,846
Due from related parties	88,776			(2,602		)	(78,078		)	8,096
Deferred income tax assets	1,538			—			718,416			719,954
Other assets, net	216,080			(36,035		)	18,743			198,788
Assets of consolidated Och-Ziff funds:
Investments, at fair value	—			9,071,933			—			9,071,933
Other assets of Och-Ziff funds	—			344,769			—			344,769
Total Assets	$	678,223		$	9,313,531		$	699,702		$	10,691,456
Liabilities and Shareholders' Equity
Liabilities
Due to related parties	$	1,612		$	—		$	591,778		$	593,390
Debt obligations	448,882			—			—			448,882
Compensation payable	176,602			—			—			176,602
Other liabilities	84,662			—			(849		)	83,813
Liabilities of consolidated Och-Ziff funds:
Notes payable of consolidated CLOs, at fair value	—			7,077,679			—			7,077,679
Securities sold under agreements to repurchase	—			190,751			—			190,751
Other liabilities of Och-Ziff funds	—			47,487			—			47,487
Total Liabilities	711,758			7,315,917			590,929			8,618,604
Redeemable Noncontrolling Interests	—			832,284			—			832,284
Shareholders' Equity
Class A Shares, no par value	—			—			—			—
Class B Shares, no par value	—			—			—			—
Paid-in capital	12,608,372			—			(9,567,717		)	3,040,655
Appropriated retained deficit	—			(59,663		)	—			(59,663		)
Accumulated deficit	(12,644,004		)	—			9,247,182			(3,396,822		)
Shareholders' deficit attributable to Class A Shareholders	(35,632		)	(59,663		)	(320,535		)	(415,830		)
Shareholders' equity attributable to noncontrolling interests	2,097			1,224,993			429,308			1,656,398
Total Shareholders' Equity	(33,535		)	1,165,330			108,773			1,240,568
Total Liabilities, Redeemable Noncontrolling Interests and Shareholders' Equity	$	678,223		$	9,313,531		$	699,702		$	10,691,456

(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, 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	$	690,889	$	(46,898	)	$	—		$	643,991
Incentive income	250,089		(62,526		)	—			187,563
Other revenues	2,025		—			52			2,077
Income of consolidated Och-Ziff funds	—		489,350			—			489,350
Total Revenues	943,003		379,926			52			1,322,981
Expenses
Compensation and benefits	430,526		—			—			430,526
Reorganization expenses	14,064		—			—			14,064
Interest expense	21,431		—			10			21,441
General, administrative and other	245,567		—			(61,428		)	184,139
Expenses of consolidated Och-Ziff funds	—		303,770			—			303,770
Total Expenses	711,588		303,770			(61,418		)	953,940
Other Income (Loss)
Net gains on investments in Och-Ziff funds and joint ventures	1,899		(1,831		)	—			68
Net losses of consolidated Och-Ziff funds	—		(69,572		)	—			(69,572		)
Total Other Income (Loss)	1,899		(71,403		)	—			(69,504		)
Income Before Income Taxes	233,314		4,753			61,470			299,537
Income taxes	17,502		—			114,722			132,224
Consolidated and Total Comprehensive Net Income (Loss)	$	215,812	$	4,753		$	(53,252	)	$	167,313
Allocation of Consolidated and Total Comprehensive Net Income (Loss)
Class A Shareholders	$	78,992	$	—		$	(53,252	)	$	25,740
Noncontrolling interests	136,820		54,357			—			191,177
Redeemable noncontrolling interests	—		(49,604		)	—			(49,604		)
	$	215,812	$	4,753		$	(53,252	)	$	167,313

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