Media Center

November 6, 2008

Jesús Olmos Clavijo Joins KKR as Managing Director and European Head of Infrastructure

New York, November 6, 2008 – Kohlberg Kravis Roberts & Co. ("KKR") today announced that Jesús Olmos Clavijo has joined the Firm as a Managing Director and Head of Infrastructure in Europe. Mr. Olmos, who will be based in London, joins KKR from Endesa where he held the position of Managing Director for Corporate Development. He was a Member of the Executive Board reporting to the Chairman and CEO, responsible for corporate M&A and operations outside Spain and Latin America. From 2004 to 2008 Mr. Olmos was CEO of Endesa Europa.

During his time at Endesa, Mr. Olmos led investments in a number of energy infrastructure assets around the world, including in Portugal, Italy, France, Poland, Turkey, Greece, Ireland and North Africa. He developed the European position of Endesa that was sold last June for a total enterprise value of €11 billion with value creation of more than €6 billion over seven years.

Henry R. Kravis and George R. Roberts, Co-Founders of KKR, said: "We are pleased that Jesús is joining our infrastructure effort. His experience in leading both infrastructure operations and investments will be hugely valuable to the firm, and we look forward to working with him as we identify and pursue infrastructure opportunities around the world."

Mr. Olmos said, "It is very exciting to join such a respected and experienced firm as KKR. I very much look forward to working with the team at KKR to take advantage of the opportunities that exist in the infrastructure space in Europe and globally."

Marc Lipschultz, a Member of KKR and Global Head of Energy and Infrastructure, said: "Today's announcement is another important step along the way to building a position of global leadership in the infrastructure investment arena. Jesús will be working alongside Simon Hipperson, a Managing Director in KKR's European infrastructure team today. The two of them bring exceptional skills and leadership to further expanding KKR's investment activities in infrastructure around the world."

Before joining Endesa in 1991, Mr. Olmos completed his MBA at Instituto De Empresa in Madrid, prior to which he worked at Iberdrola and the Nuclear Fusion Institute.

About KKR
Established in 1976, KKR is a leading global alternative asset manager. The core of the Firm's franchise is sponsoring and managing funds that make private equity investments in North America, Europe, and Asia. Throughout its history, KKR has brought a long-term investment approach to portfolio companies, focusing on working in partnership with management teams and investing for future competitiveness and growth. Additional funds that KKR sponsors include KKR Private Equity Investors, L.P. (NYSE Euronext Amsterdam: KPE), a permanent capital fund that invests in KKR-identified investments; and two credit strategy funds, KKR Financial (NYSE: KFN) and the KKR Strategic Capital Funds, which make investments in debt transactions. KKR has offices in New York, Menlo Park, San Francisco, Houston, London, Paris, Hong Kong, Beijing, Tokyo and Sydney. More information about KKR is available at: www.kkr.com

Contact:
Ryan O'Keeffe
Zoe Watt
Finsbury Group
+44 20 7251 3801