Francisco Rey Joins Blackstone’s Corporate Advisory Group

London, October 18, 2007: The Blackstone Group today announced that Francisco Rey has joined the firm’s corporate advisory group as a Senior Managing Director. Mr. Rey will be located in Blackstone’s London office. While Francisco will focus on the European communications industry, he will also help expand the advisory practice in the sector to the Middle East and Asia and complement Blackstone’s efforts in media and technology.

Before joining Blackstone, Mr. Rey spent 15 years advising clients at Merrill Lynch, where he worked on some of the largest and most complex transactions in the broad communications sector. Most recently he headed Merrill Lynch’s TMT practice for Southern and Eastern Europe and the Middle East.

John Studzinski, Senior Managing Director, said; “We are delighted to have someone of Francisco’s stature and experience join our Corporate Advisory team. He brings valuable expertise to the firm’s growing international advisory group.”

Mr. Rey holds a BA and MS in Economics and Law from University of Deusto in Spain and received an MBA from Columbia University School of Business.

About 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 services.