Apollo Global Management Announces Support of Athene’s Pending Acquisition of Aviva USA

  Apollo Global Management Announces Support of Athene’s Pending Acquisition
  of Aviva USA

Business Wire

NEW YORK -- December 21, 2012

Apollo Global Management, LLC (NYSE: APO) (collectively with its subsidiaries
“Apollo”) today announced its support of Athene Holding Ltd.'s, a
Bermuda-based insurance holding company (together with its subsidiaries,
“Athene”), pending acquisition of the U.S. annuity and life insurance
operations (“Aviva USA”) of Aviva PLC. In connection with this transaction,
Apollo has agreed to provide up to $100 million of capital support to Athene
to the extent such support is necessary.

Apollo currently provides asset allocation and related services to Athene and
directly manages a portion of these assets across its investment platform.
Upon completion of Athene’s acquisition of Aviva USA, which is expected to
close in 2013 subject to customary conditions and regulatory approvals, Apollo
may provide similar asset allocation and investment management services for a
portion of Athene’s newly acquired assets.

Marc Rowan, Senior Managing Director of Apollo, said, “Jim Belardi and his
team have done an outstanding job of building Athene into a leading retirement
services company. The acquisition of Aviva USA will add significant scale to
Athene’s existing business, and we look forward to continuing to provide
Athene with additional asset management services as the company continues to
grow and reinforce its leadership position in fixed annuities.”

AboutApollo Global Management, LLC

Apollo is a leading global alternative investment manager with offices inNew
York,Los Angeles, Houston, London, Frankfurt,Luxembourg,Singapore,
MumbaiandHong Kong. Apollo had assets under management ofapproximately $110
billion as of September 30, 2012 in private equity, credit and real estate
funds invested across a core group of nine industries where Apollo has
considerable knowledge and resources. For more information about Apollo,
please visitwww.agm.com.

Contact:

Forinvestor inquiries regarding Apollo:
Apollo Global Management, LLC
Gary M. Stein, 212-822-0467
Head of Corporate Communications
gstein@apollolp.com
or
Patrick Parmentier, CPA, 212-822-0472
Investor Relations Manager
pparmentier@apollolp.com
or
Formedia inquiries regarding Apollo:
Rubenstein Associates
Charles Zehren,212-843-8590
czehren@rubenstein.com
 
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