Blackstone Announces Fourth Quarter and 2007 Year End Earnings Conference Call

05 March 2008

New York, March 5, 2008: The Blackstone Group L.P. (NYSE:BX), announced today that it will host its fourth quarter and 2007 year end investor conference call Monday, March 10, 2008 at 11:00 am ET. Stephen A. Schwarzman, Chairman, CEO and Co-Founder; Tony James, President and Chief Operating Officer; Michael Puglisi, Chief Financial Officer; and Joan Solotar, Senior Managing Director – Public Markets, will review The Blackstone Group L.P.’s fourth quarter and 2007 year end earnings. The conference call can be accessed by dialing (888) 680-0890 (U.S. domestic) and (617) 213-4857 (international) pass code 48601691.

Additionally the conference call will be broadcast live over the Internet and can be accessed by all interested parties through the Investor Relations section of The Blackstone Group’s website http://ir.blackstone.com/. For those unable to listen to the live broadcast, a replay will be available on our website or by dialing (888) 286-8010 (U.S. domestic) or (617)801-6888 (international) pass code number 97601518, beginning approximately two hours after the event.

To pre-register for the conference call please use the following link: https://www.theconferencingservice.com/prereg/key.process?key=PJRUPN84V

The Blackstone Group

The Blackstone Group is a leading global alternative asset manager and provider of financial advisory services. Its alternative asset management businesses include the management of corporate private equity funds, real estate opportunity funds, funds of hedge funds, mezzanine funds, senior debt funds, proprietary hedge funds and closed-end mutual funds. The Blackstone Group also provides various financial advisory services, including mergers and acquisitions advisory, restructuring and reorganization advisory and fund placement service. Further information is available at www.blackstone.com.

Contact:

John Ford
The Blackstone Group
+1 212-583-5559
[email protected]