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Taxpayers: Leon Black and Debra Black ("Taxpayers") SSNs: Tax Form: 1040X Tax Year: 2012 Program for Voluntary Disclosure of Delinquent International Information Re
Taxpayers: Leon Black and Debra Black ("Taxpayers") SSNs: Tax Form:
d Deloitte (Apollo's tax advisor) and diligently reviewed the history and factual circumstances with their personal accountants and the law firm of Paul, Weiss, Rifkind, Wharton & Garrison LLP. As a result o1The conclusion reached ky that review-it was determined-that the Taxpayers were-eblia_an obligation to file t
Taxpayers: Leon Black and Debra Black ("Taxpayers") SSNs: Tax Form: 1040X Tax Year: 2014 Program for Voluntary Disclosure of Delinquent International Information Ret
Taxpayers: Leon Black and Debra Black ("Taxpayers") SSNs: Tax Form:
d Deloitte (Apollo's tax advisor) and diligently reviewed the history and factual circumstances with their personal accountants and the law firm of Paul, Weiss, Rifkind, Wharton & Garrison LLP. As-a-result-eaktconchtsionstached Jy that review, it-was determined-that the Taxpayers were-ebliatn obligation to file the
Taxpayers: Leon Black and Debra Black ("Taxpayers") SSNs: Tax Form: 1040X Tax Year: 2011 Statement of Reasonable Cause for Failure to Timely File Forms 5471, 8865, 8
Taxpayers: Leon Black and Debra Black ("Taxpayers") SSNs: Tax Form:
Apollo and Deloitte (Apollo's tax advisor) and diligently reviewed the history and factual circumstances with their accountants and the law firm of Paul, Weiss, Rifkind, Wharton & Garrison LLP. As a result of that review, it was determined that the Taxpayers were obligated to file the International Information Retu
Taxpayers: Leon Black and Debra Black ("Taxpayers") SSNs: Tax Form: 1040X Tax Year: 2013 Statement of Reasonable Cause for Failure to Timely File Forms 5471, 8865, 8
Taxpayers: Leon Black and Debra Black ("Taxpayers") SSNs: Tax Form:
Apollo and Deloitte (Apollo's tax advisor) and diligently reviewed the history and factual circumstances with their accountants and the law firm of Paul, Weiss, Rifkind, Wharton & Garrison LLP. As a result of that review, it was determined that the Taxpayers were obligated to file the International Information Retu
Taxpayers: Leon Black and Debra Black ("Taxpayers") SSNs: Tax Form: 1040X Tax Year: 2012 Statement of Reasonable Cause for Failure to Timely File Forms 5471, 8865, 8
Taxpayers: Leon Black and Debra Black ("Taxpayers") SSNs: Tax Form:
Apollo and Deloitte (Apollo's tax advisor) and diligently reviewed the history and factual circumstances with their accountants and the law firm of Paul, Weiss, Rifkind, Wharton & Garrison LLP. As a result of that review, it was determined that the Taxpayers were obligated to file the International Information Retu
Taxpayers: Leon Black and Debra Black (-Taxpayers") SSNs: Tax Form: 1040X Tax Year: 2010 Statement of Reasonable Cause for Failure to Timely File Forms 5471, 8865 an
Taxpayers: Leon Black and Debra Black (-Taxpayers") SSNs: Tax Form:
nd Deloitte (Apollo's current tax advisor) and diligently reviewed the history and factual circumstances with their accountants and the law firm of Paul, Weiss, Rifkind, Wharton & Garrison LLP. As a result of that review, it was determined that the Taxpayers were obligated to file the International Information Retu
Taxpayers: Leon Black and Debra Black (-Taxpayers") SSNs: Tax Form: 1040X Tax Year: 2008 Statement of Reasonable Cause for Failure to Timely File Forms 5471, 8865 an
Taxpayers: Leon Black and Debra Black (-Taxpayers") SSNs: Tax Form:
nd Deloitte (Apollo's current tax advisor) and diligently reviewed the history and factual circumstances with their accountants and the law firm of Paul, Weiss, Rifkind, Wharton & Garrison LLP. As a result of that review, it was determined that the Taxpayers were obligated to file the International Information Retu
Taxpayers: Leon Black and Debra Black (-Taxpayers") SSNs: Tax Form: 1040X Tax Year: 2007 Statement of Reasonable Cause for Failure to Timely File Forms 5471, 8865 an
Taxpayers: Leon Black and Debra Black (-Taxpayers") SSNs: Tax Form:
nd Deloitte (Apollo's current tax advisor) and diligently reviewed the history and factual circumstances with their accountants and the law firm of Paul, Weiss, Rifkind, Wharton & Garrison LLP. As a result of that review, it was determined that the Taxpayers were obligated to file the International Information Retu
ch is further described in "Certain Relationships and Related Party Transactions—Agreement Among Managing Partners" in our 2015 Annual Report), Mr. Black, as a member of the executive committee of our manager, will have the right of veto over, among other things a sale or other disposition of the Apol
NSIDERATIONS The following discussion of the material U.S. Federal tax considerations relating to an investment in Class A shares is the opinion of Paul, Weiss, Rifkind. Wharton & Garrison LLP, our U.S. Federal income tax counsel. For purposes of this section, references to "Apollo." "we." "our." and "us" mean only
Entities connected to both Leon Black and Paul, Weiss, Rifkind

Lesley Groff
PERSON
Bloomberg L.P.
ORGANIZATION
Oliver Stone
PERSON
Houston
LOCATION
Eric Holder
PERSON
Hunter Biden
PERSONWeiss
PERSONFisher
PERSONDebra Black
PERSONthe District of Columbia
LOCATIONWharton & Garrison LLP
ORGANIZATIONRifkind
PERSONGlobal Management
ORGANIZATION
Deloitte
ORGANIZATIONRaich Ende Malter & Co. LLP
ORGANIZATIONthe Internal Revenue Service's
ORGANIZATIONAP Professional Holdings LP
ORGANIZATIONTaxpayers
ORGANIZATIONthe "Partnership"
ORGANIZATIONthe Foreign Entities
ORGANIZATION