AP Alternative Assets, L.P. ("AP Alternative
Assets") announced today that, on April 30
2008, it issued 137,898 common units, in the form of RDUs, to AAA
Holdings, L.P. at a price per unit of US $11.97. The units issued were
subscribed by AAA Holdings in fulfillment of Apollo´s obligation to
reinvest a portion of the carried interests received by it in respect of
investments made by AAA Investments, L.P. as set forth in our prospectus.
This announcement does not constitute or form part of an offer to
sell or solicitation of an offer to purchase or subscribe for securities
in the United States or in any other jurisdiction. The securities
referred to herein have not been and will not be registered under the
U.S. Securities Act of 1933, as amended (the "Securities
Act") or under the securities laws of any
other jurisdiction, and may not be offered or sold in the United States
or in any other jurisdiction absent registration or pursuant to an
applicable exemption from the registration requirements of the
Securities Act or from the registration requirements in any such other
jurisdiction. No public offering of securities has been or is being made
in the United States or in any other jurisdiction.
About AAA
AP Alternative Assets was established by Apollo and is a closed-end
limited partnership established under the laws of Guernsey. Apollo is a
leading private equity and capital markets investor with 18 years of
experience investing across the capital structure of leveraged
companies. AP Alternative Assets is managed by Apollo Alternative Assets
and invests in and co-invests with Apollo´s
private-equity and capital-markets investment funds. For more
information about AP Alternative Assets, please visit www.apolloalternativeassets.com.
