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 three months endedMarch 31, 2016. 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 three months ended March 31, 2016, which was filed with the U.S. Securities and Exchange Commission on May 3, 2016.

	March 31, 2016
	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	$	221,678		$	—		$	7,048		$	228,726
Income and fees receivable	53,287			—			—			53,287
Due from related parties	67,997			(967		)	(55,710		)	11,320
Deferred income tax assets	1,646			—			720,936			722,582
Other assets, net	187,982			(16,046		)	30,929			202,865
Assets of consolidated Och-Ziff funds:
Investments, at fair value	—			22,627			—			22,627
Other assets of Och-Ziff funds	—			13,905			—			13,905
Total Assets	$	532,590		$	19,519		$	703,203		$	1,255,312
Liabilities and Shareholders' Equity
Liabilities
Due to related parties	$	1,417		$	—		$	591,632		$	593,049
Debt obligations	442,628			—			—			442,628
Compensation payable	12,785			—			—			12,785
Other liabilities	388,467			—			218			388,685
Liabilities of consolidated Och-Ziff funds:
Notes payable of consolidated CLOs, at fair value	—			—			—			—
Securities sold under agreements to repurchase	—			—			—			—
Other liabilities of Och-Ziff funds	—			1,836			—			1,836
Total Liabilities	845,297			1,836			591,850			1,438,983
Redeemable Noncontrolling Interests	—			19,629			—			19,629
Shareholders' (Deficit) Equity
Class A Shares, no par value	—			—			—			—
Class B Shares, no par value	—			—			—			—
Paid-in capital	12,624,948			—			(9,578,383		)	3,046,565
Appropriated retained deficit	—			—			—			—
Accumulated deficit	(12,939,732		)	—			9,433,799			(3,505,933		)
Shareholders' deficit attributable to Class A Shareholders	(314,784		)	—			(144,584		)	(459,368		)
Shareholders' equity attributable to noncontrolling interests	2,077			(1,946		)	255,937			256,068
Total Shareholders' (Deficit) Equity	(312,707		)	(1,946		)	111,353			(203,300		)
Total Liabilities, Redeemable Noncontrolling Interests and Shareholders' (Deficit) Equity	$	532,590		$	19,519		$	703,203		$	1,255,312

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

	Three Months Ended March 31, 2016
	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	$	156,910		$	—	$	—		$	156,910
Incentive income	30,587			—		—			30,587
Other revenues	541			—		38			579
Income of consolidated Och-Ziff funds	—			366		—			366
Total Revenues	188,038			366		38			188,442
Expenses
Compensation and benefits	54,261			—		—			54,261
Reorganization expenses	—			—		—			—
Interest expense	5,386			—		—			5,386
General, administrative and other	267,679			—		(155		)	267,524
Expenses of consolidated Och-Ziff funds	—			266		—			266
Total Expenses	327,326			266		(155		)	327,437
Other Income
Net gains on investments in Och-Ziff funds and joint ventures	171			78		—			249
Net gains of consolidated Och-Ziff funds	—			545		—			545
Total Other Income	171			623		—			794
(Loss) Income Before Income Taxes	(139,117		)	723		193			(138,201		)
Income taxes	2,678			—		15,861			18,539
Consolidated and Total Comprehensive Net (Loss) Income	$	(141,795	)	$	723	$	(15,668	)	$	(156,740	)
Allocation of Consolidated and Total Comprehensive Net (Loss) Income
Class A Shareholders	$	(141,707	)	$	—	$	72,351		$	(69,356	)
Noncontrolling interests	(88		)	262		(88,019		)	(87,845		)
Redeemable noncontrolling interests	—			461		—			461
	$	(141,795	)	$	723	$	(15,668	)	$	(156,740	)

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