Media Center

March 12, 2010

KKR & Co. (Guernsey) L.P. Announces Regulatory Filings

Guernsey, Channel Islands, March 12, 2010 – KKR & Co. (Guernsey) L.P. (Euronext Amsterdam: KKR), referred to as KKR Guernsey, announced that its annual financial report is available at the Investor Relations section of KKR's website at www.kkr.com. In addition, KKR Guernsey's annual information document containing a list of its public disclosures may be obtained from its paying agent, ING Bank N.V., at Van Heenvlietlaan 220, 1083 CN Amsterdam, The Netherlands.

The 2009 annual financial report includes audited financial information for each of KKR Guernsey and KKR Group Holdings L.P. (together with its affiliates, "KKR") for the year ended December 31, 2009. KKR Group Holdings L.P. is the entity through which KKR Guernsey holds its 30% interest in KKR's business resulting from the transaction completed on October 1, 2009 between KKR Guernsey (formerly known as KKR Private Equity Investors, L.P.) and KKR (the "Combination Transaction"). As such, for all periods prior to October 1, 2009, the effective date of the Combination Transaction, the information contained in the report reflects only the historical financial results of KKR Guernsey and KKR and the effects of the Combination Transaction are only reflected for the three months ended December 31, 2009. Information about KKR giving pro forma effect to the Combination Transaction as of January 1, 2009 is contained in the Registration Statement on Form S-1 filed by KKR & Co. L.P. with the United States Securities and Exchange Commission, a copy of which is available at www.sec.gov.

About KKR

Founded in 1976 and led by Henry Kravis and George Roberts, KKR is a leading global alternative asset manager with $52.2 billion in assets under management as of December 31, 2009. With over 600 people and 14 offices around the world, KKR manages assets through a variety of investment funds and accounts covering multiple asset classes. KKR seeks to create value by bringing operational expertise to its portfolio companies and through active oversight and monitoring of its investments. KKR complements its investment expertise and strengthens interactions with investors through its client relationships and capital markets platforms. KKR is publicly traded through KKR & Co. (Guernsey) L.P. (Euronext Amsterdam: KKR). For additional information, please visit KKR's website at www.kkr.com.

No Offering Statement

This release does not constitute an offer of securities for sale in the United States or elsewhere. Securities may not be offered or sold in the United States absent registration or an exemption from registration. Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from KKR or KKR Guernsey and that will contain detailed information about them and management, as well as financial statements.

Investor Relations Contact:

Jonathan Levin
Kohlberg Kravis Roberts & Co. L.P.
Tel: +1 (877) 610-4910 (U.S.) / +1 (212) 230-9410
investor-relations@kkr.com

Media Relations Contact: Peter McKillop or Kristi Huller
Kohlberg Kravis Roberts & Co. L.P.
Tel: + 1 (212) 750-8300
media@kkr.com