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February 14, 2007

KKR Announces Appointment of Naohiko Kitsuta as a Managing Director Based in Japan

New York/Tokyo February 14, 2007 – Kohlberg Kravis Roberts & Co. (KKR) announced today that it has appointed Mr. Naohiko Kitsuta as a Managing Director of KKR, based in Japan. Mr. Kitsuta joins KKR from MKS Partners Limited (MKS) where he was a Partner, in charge of leading buyouts in the consumer services and retail sectors.

Joseph Y. Bae, a Member of KKR, who leads the Firm’s business in Asia, said, “We are delighted that Naohiko will be joining us at KKR. He has an excellent track record in executing buyouts in Japan, which will be of considerable value to the KKR team as we build our business in this region.”

Taketo Yamakawa, Chief Executive Officer of KKR’s Japan operations, added, “I am excited to welcome Naohiko on board, and look forward to working with him closely in Japan as we look to identify opportunities in the Japanese market.”

Prior to joining MKS in February 2000, Mr. Kitsuta worked for the Boston Consulting Group in Tokyo, where he advised US companies on how to set up Japanese subsidiaries. Prior to joining the Boston Consulting Group, Mr. Kitsuta worked for the former Bank of Tokyo, Marunouchi Branch, where he was involved in derivatives structuring and contributed to the formulation of the branch's sales strategy. He joined the Bank of Tokyo upon graduation from university in 1991. Mr. Kitsuta is a graduate of the School of Law, Waseda University, and has an MBA from Dartmouth College.

About KKR
Kohlberg Kravis Roberts & Co. (KKR) is one of the world's oldest and most experienced private equity firms specializing in management buyouts. Founded in 1976, it has offices in New York, Menlo Park, London, Paris, Hong Kong and Tokyo.

Throughout its history, KKR has brought a long-term investment approach to its portfolio companies, focusing on working in partnership with management teams and investing for future competitiveness and growth. Over the past 30 years, KKR has completed approximately 150 transactions with a total value of over US$274 billion. For more information, please visit www.kkr.com.

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