Blackstone Appoints Deputy Managing Director for Mumbai Office

New York, August 16, 2005: The Blackstone Group today announced the appointment of Javed Khan as Deputy Managing Director of the firm’s recently established India office in Mumbai. Mr. Khan, who is currently based in London, will shortly be re-locating to Mumbai.

Mr. Khan was previously a Director with DLJ Merchant Banking where he has been responsible for private equity investments in Europe for the past five years. Prior to that he was with DLJ’s Investment Banking group in London and New York for a total of seven years.

Tony James, President of The Blackstone Group said: “We are delighted that Javed has agreed to join us. Javed’s depth of experience in the private equity sector allied to his general investment banking background will combine to create a very powerful team with Akhil Gupta, the head of our Mumbai office, as we invest the $1 billion we have allocated for India.”

Akhil Gupta, Senior Managing Director, added: “Javed’s deep knowledge of European markets, his expertise in structuring complex and cross-border transactions, and his experience in the healthcare sector, will all be of immense value in undertaking investments in India, and in realizing synergies across our global and Indian portfolio companies.”

Mr. Khan graduated from the University of Pennsylvania where he earned a Bachelor of Science degree in Economics at The Wharton School and a Bachelor of Applied Science degree from the School of Engineering. Mr. Khan also holds an MBA from the Harvard Business School.

About The Blackstone Group

The Blackstone Group, a private investment and advisory firm with offices in New York, Atlanta, Boston, Los Angeles, London, Hamburg, Mumbai, and Paris, was founded in 1985. The firm has raised a total of approximately $34 billion for alternative asset investing since its formation. Over $14 billion of that has been for private equity investing, including Blackstone Capital Partners IV, among the largest institutional private equity funds ever raised at $6.45 billion. In addition to Private Equity Investing, The Blackstone Group’s core businesses are Private Real Estate Investing, Corporate Debt Investing, Marketable Alternative Asset Management, Corporate Advisory, and Restructuring and Reorganization Advisory.