Leon Black Direct Interest Tax Estimate _ FY Projected APOI 10 Siste Inforrnalion BLACK PAM ILY PARTN ER.S, LP. Ordinary taco= fLoss) Nel Portfolio bcome Qualilied Dividends Shon-Tam CkpitalGán (Lou) long-Tam Ckpitalain (Lus) Investirent Interest Eapense Ponfoko Deducrions Taxatie Interne Caldornsa Snit Name lowa State Incorre New York State 1ncorre New York City Inconw Apollo Adtisors Apollo (Motet tors IV . . . . Al' Protessiond Hola ms. LI'. 18.737.182 15-3:41.056 3.719.012 (124.377) 38.189.551 (8.712.541) (1851.258) 65.337.625 1.588.766 189393 12 dirá I.e4 4.495.e56 Apollo (Motet tors V 15.550 • 460 • • 16.010 Apollo (Motet tors VI • 162.829 758 149 3.868.998 • • 4.032.734 Apollo VII, 42.579 195.733 5.161 0.520.687) (693.102) (146.610) (90.289) (2207.212) Apollo SOMA 124 1,3.621 11.577 006.347) (69.007) (4.322) (21.034) (18431) 12()1, Co•Intei tors 514.789 • 81.694 79.164 (6.319) (46.423) 622.905 Fel Coinwstors 70 • (91.366) (476.=0) (567.5161 AP Alternatile Assen. IJ. • . AI' Alternatite Altrob. I.P. • Leon Blink Credit ()ppartunity Fundi. LEF Benins. LIA: 1.261.493 1.912 (51.561) (333.781) (254.599) 623.461 CY)F3tanaseenent 1099 • 1-8Filoicinits. • • Ft1Cointestors 1- 1.13B 2011.17.' 16 (122217) (427.369) (549.570) TRA <2014 I 1.731.131 3.927.539 6.551.593 11210.353 IRA Deferral 749.095 1.718.330 2563.660 5.1‘1.085 CY)131 3.185.000 • 1763.7361 2..C1.354 TOTAL 21.260.111 26532.033 3.736511 (1667.6561 50.739.756 110.1805941 43.167.2421 87.252618 1.588.766 189.993 12.406.354 4.495556 Business 18,737.182 15380.056 3.719.012 1124.377) 38,189.551 (1.712.541) (1.851.M8) 65.337.625 1.538.766 189.993 12.406354 4.495556 Duvel Interest 42.703 2321.108 17.499 (1.543.279) 3.134.952 1704.618) (1515.9go 1.952.381 TRA (3014) 1.731.131 3.927.539 • 4551593 . 11210.353 TRA Deformi 749D95 1.718.330 2563.660 • 5.111.085 GOOI 2185.4.00 1763.7361 2421.261 TOTAL 21.260.111 26532.033 3.736511 (1467456) 50.739.756 00.180.8941 13.167.2421 87.252.618 1.588.766 189.993 /2406354 4.495556 9 EFTA00606128

Leon Black Full Year Projections — AP Professionals APOLLO Management Co. DN1 Management Co. Adjustments.' Management Co. Taxable Income AOGOunership C142' Management Co.17 - Leon Black Incentive Co. Taxable Income AOGOwnership %41 Incentive Co. 11- Leon Black°' Total Taxable Income-Leon Black Total Taxable Income Total DM Mutable Income Character Ordinary Net Portfolio Preferential Total 2015 (FY Projected) 2016 (FY Projected) 5387.762.763 412.779.380 (346.041.546) (190.256910) 541.721.217 zasarro 23.61% 23.61% 59848550 $52527800 260.881.924 180.565.687 23.61% 23.61% 55.489.075 42,623.643 65.337 625 95 151 44 302.603.141 403.088.156 563.266.479 593.345.067 18.737.11D 4.691.880 41.908.563 52.527.800 13.430.690 29.192.954 65337.625 95.151.444 Projected At )6 lbstributions 127.906.679 133.552.831 A verage Shams Owned Average Total Sharecount ArX; Ownership 92727.166 392818.237 23.61% 92.727.166 392.818.237 23.61% (1) Management Company Adjustments for Sham Deliveries and other deductions (2) Assumes no additional AOG Exchanges. (3) Heritage adjustment is included in Incentive Company Taxable Income Supplemental income and cash related to 2015 prMeelions: Cancelation of Debt Income Net of OID 2.421.264 10 EFTA00606129