Oct 29, 2008

Blackstone Announces Third Quarter 2008 Earnings Conference Call for the Media

New York, October 29, 2008: The Blackstone Group L.P. (NYSE:BX), announced today that it will host a 9:30 am (EST) conference call for the media on Thursday, November 6, 2008 on its third quarter 2008 earnings results.

The conference call can be accessed by dialing +1 866-814-8483 (U.S. domestic) or +1 703-639-1373 (international).

About Blackstone

Blackstone is one of the world’s leading investment and advisory firms. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, the companies we advise and the broader global economy. We do this through the commitment of our extraordinary people and flexible capital. Our alternative asset management businesses include the management of corporate private equity funds, real estate funds, hedge funds, funds of funds, debt funds, collateralized loan obligation vehicles (CLOs) 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. Further information is available at china.blackstone.com.

Contact

Peter Rose

Managing Director – Public Affairs

The Blackstone Group

New York

+ 1 212.583.5871