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Apollo Global Management, LLC Reports Second Quarter 2018 Results

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Apollo Global Management, LLC (NYSE:APO) (together with its consolidated
subsidiaries, "Apollo") today reported results for the second quarter
ended June 30, 2018.

"By leveraging the power of Apollo's integrated global platform, we have
generated capital inflows of $63 billion in the twelve months ended
June 30, 2018, bringing total assets under management to approximately
$270 billion," said Leon Black, Chairman and Chief Executive Officer.
"During the second quarter our Fee-Related Earnings grew by 40% and
continue to provide our shareholders with a steady source of cash flow
which is supported by a large base of long-dated capital, nearly half of
which is permanent in nature."

Apollo issued a full detailed presentation of its second quarter ended
June 30, 2018 results, which can be viewed through the Shareholders
section of Apollo's website at http://www.apollo.com/shareholders.

Distributions

Apollo has declared a cash distribution of $0.43 per Class A share for
the second quarter ended June 30, 2018. This distribution will be paid
on August 31, 2018 to holders of record at the close of business on
August 17, 2018. Apollo intends to distribute to its shareholders on a
quarterly basis substantially all of its distributable earnings after
taxes and related payables in excess of amounts determined by its
manager to be necessary or appropriate to provide for the conduct of its
business.

Apollo has declared a cash distribution of $0.398438 per Series A
Preferred share and Series B Preferred share, which will be paid on
September 17, 2018 to holders of record at the close of business on
September 1, 2018.

The declaration and payment of distributions on Class A shares, Series A
Preferred shares and Series B Preferred shares are at the sole
discretion of Apollo's manager. Apollo cannot assure its shareholders
that they will receive any distributions in the future.

Conference Call

Apollo will host a conference call on Thursday, August 2, 2018 at 10:00
a.m. Eastern Time. During the call, members of Apollo's senior
management team will review Apollo's financial results for the second
quarter ended June 30, 2018. The conference call may be accessed by
dialing (888) 868-4188 (U.S. domestic) or +1 (615) 800-6914
(international), and providing conference call ID 3856598 when prompted
by the operator. The number should be dialed at least ten minutes prior
to the start of the call. A simultaneous webcast of the conference call
will be available to the public on a listen-only basis and can be
accessed through the Shareholders section of Apollo's website at http://www.apollo.com/shareholders.

Following the call, a replay of the event may be accessed either
telephonically or via audio webcast. A telephonic replay of the live
broadcast will be available approximately two hours after the live
broadcast by dialing (800) 585-8367 (U.S. callers) or +1 (404) 537-3406
(non-U.S. callers), passcode 3856598. To access the audio webcast,
please visit Events in the Shareholders section of Apollo's website at http://www.apollo.com/shareholders.

About Apollo

Apollo is a leading global alternative investment manager with offices
in New York, Los Angeles, Houston, Bethesda, London, Frankfurt, Madrid,
Luxembourg, Mumbai, Delhi, Singapore, Hong Kong and Shanghai. Apollo had
assets under management of approximately $270 billion as of June 30,
2018 in private equity, credit and real assets funds invested across a
core group of nine industries where Apollo has considerable knowledge
and resources. For more information about Apollo, please visit www.apollo.com.

Forward-Looking Statements

In this press release, references to "Apollo," "we," "us," "our" and the
"Company" refer collectively to Apollo Global Management, LLC, together
with its consolidated subsidiaries. This press release may contain
forward looking statements that are within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. These statements include,
but are not limited to, discussions related to Apollo's expectations
regarding the performance of its business, its liquidity and capital
resources and the other non-historical statements in the discussion and
analysis. These forward-looking statements are based on management's
beliefs, as well as assumptions made by, and information currently
available to, management. When used in this press release, the words
"believe," "anticipate," "estimate," "expect," "intend" and similar
expressions are intended to identify forward-looking statements.
Although management believes that the expectations reflected in these
forward looking statements are reasonable, it can give no assurance that
these expectations will prove to have been correct. These statements are
subject to certain risks, uncertainties and assumptions, including risks
relating to our dependence on certain key personnel, our ability to
raise new private equity, credit or real assets funds, market
conditions, generally, our ability to manage our growth, fund
performance, changes in our regulatory environment and tax status, the
variability of our revenues, net income and cash flow, our use of
leverage to finance our businesses and investments by our funds and
litigation risks, among others. We believe these factors include but are
not limited to those described under the section entitled "Risk Factors"
in Apollo's annual report on Form 10-K filed with the Securities and
Exchange Commission (the "SEC") on February 12, 2018, as such factors
may be updated from time to time in our periodic filings with the SEC,
which are accessible on the SEC's website at www.sec.gov.
These factors should not be construed as exhaustive and should be read
in conjunction with the other cautionary statements that are included in
this press release and in other filings. We undertake no obligation to
publicly update or review any forward-looking statements, whether as a
result of new information, future developments or otherwise, except as
required by applicable law. This press release does not constitute an
offer of any Apollo fund.

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