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Blackstone Reports Record Full Year Revenue, Assets Under Management, and Public Company Earnings

  Blackstone Reports Record Full Year Revenue, Assets Under Management, and
  Public Company Earnings

Business Wire

NEW YORK -- January 31, 2013

Blackstone (NYSE: BX) today reported its full year and fourth quarter 2012
results.

Stephen A. Schwarzman, Chairman and Chief Executive Officer, said, “The fourth
quarter of 2012 capped a year of record financial performance for Blackstone,
with full-year revenues of over $4billion and economic net income of
$2billion, our best results since becoming a public company over
five-and-a-half years ago. We’ve generated consistently strong investment
performance for our limited partner investors across market cycles since our
inception 28 years ago, and 2012 was no exception, with all of our businesses
beating their respective benchmarks. Our favorable performance continues to
support the positive cycle of further growth, as our current investors
reinvest with us and we also attract new investors around the world. For the
full year we reported gross organic capital inflows of $34billion, and
returned $18billion to our investors, resulting in record total assets under
management of $210billion, up 26% year over year.”

Blackstone issued a full detailed presentation of its full year and fourth
quarter 2012 results which can be viewed at www.Blackstone.com.

Distribution

Blackstone has declared a quarterly distribution of $0.42 per common unit to
record holders of common units at the close of business on February11, 2013.
This distribution will be paid on February 19, 2013.

For 2013, Blackstone intends to increase its base quarterly distribution to
$0.12 per unit, up 20% from $0.10 per unit. Any excess net cash available for
distribution to common unitholders will also be distributed each quarter as
earned. The move to accelerate distributions, rather than rely on a final
quarterly “true-up” distribution, is designed to better align distributions
with current Distributable Earnings.

Quarterly Investor Call Details

Blackstone will host a conference call on January31, 2013 at 11:00a.m.ET to
discuss full year and fourth quarter 2012 results. The conference call can be
accessed via the internet on www.Blackstone.com or by dialing
+1(877)391-6747 (U.S. domestic) or +1(617)597-9291 (international), pass
code 14994355#. For those unable to listen to the live broadcast, a replay
will be available following the call at www.Blackstone.com or by dialing
+1(888)286-8010 (U.S. domestic) or +1(617)801-6888 (international), pass
code 79108367#.

About Blackstone

Blackstone (NYSE:BX) is one of the world’s leading investment and advisory
firms. We seek to create positive economic impact and long-term value for our
investors, the companies we invest in, the companies we advise and the broader
global economy. We do this through the commitment of our extraordinary people
and flexible capital. Our alternative asset management businesses include the
management of private equity funds, real estate funds, hedge fund solutions,
credit-oriented funds and closed-end funds. Blackstone also provides various
financial advisory services, including financial and strategic advisory,
restructuring and reorganization advisory and fund placement services. Further
information is available at www.Blackstone.com. Follow Blackstone on Twitter
@Blackstone.

Forward-Looking Statements

This release may contain forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934 which reflect Blackstone’s current views with respect to,
among other things, Blackstone’s operations and financial performance. You can
identify these forward-looking statements by the use of words such as
“outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,”
“should,” “seeks,” “approximately,” “predicts,” “intends,” “plans,”
“estimates,” “anticipates” or the negative version of these words or other
comparable words. Such forward-looking statements are subject to various risks
and uncertainties. Accordingly, there are or will be important factors that
could cause actual outcomes or results to differ materially from those
indicated in these statements. Blackstone believes these factors include but
are not limited to those described under the section entitled “Risk Factors”
in its Annual Report on Form 10-K for the fiscal year ended December31, 2011,
as such factors may be updated from time to time in its periodic filings with
the Securities and Exchange Commission, 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 release and in the filings. Blackstone undertakes no
obligation to publicly update or review any forward-looking statement, whether
as a result of new information, future developments or otherwise.

This release does not constitute an offer of any Blackstone Fund.

Contact:

Investor and Media Relations Contacts
Blackstone
Joan Solotar, +1 (212) 583-5068
solotar@blackstone.com
or
Weston Tucker, +1 (212) 583-5231
tucker@blackstone.com
or
Peter Rose, +1 (212) 583-5871
rose@blackstone.com
 
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