<table><tr><th>From:</th><th>Richard Kahn &lt;richardkahn12@gmail.com&gt;</th></tr><tr><td>Sent:</td><td>Thursday, August 6, 2015 6:50 PM</td></tr><tr><td>To:</td><td>jeffrey E.</td></tr><tr><td>Subject:</td><td>APO</td></tr></table>

Apollo Global takes stake in RCS Capital; company to refocus on retail brokerage

Aug 6 2015, 14:35 ET | About: RCS Capital Corporation (RCAP) <http://seekingalpha.com/symbol/RCAP> | By: Stephen Alpher <http://seekingalpha.com/author/sa-editor-stephen-alpher>, SA News Editor <http://seekingalpha.com/images/mail_icon.png>

• CEO Michael Weil and CFO Brian Jones will be replaced at RCS Capital (RCAP <http://seekingalpha.com/symbol/rcap> -26.8%) once successors can be found.

• Apollo Global (APO chttp://seekingalpha.com/symbol/apo> -1%) will purchase RCAP's wholesale distribution division for $25M, and - along with Luxor Capital Partners - invest another $37.5M in convertible preferred stock of RCAP.

• RCAP's business will be refocused on Cetera Financial Group, with Cetera entering a strategic relationship with Apollo in which its sales force will sell Apollo products.

• The RCS Capital Management services agreement will be terminated, with 3M shares issued to Luxor Capital and 2.6M shares issued to members of RCAP management as part of the termination.

* Apollo co-founder Marc Rowan and Anthony Civale - COO of Apollo Credit - will join the RCAP board.

• The board also forms a committee to explore further options to enhance shareholder value.

Richard Kahn
HBRK Associates Inc.

New <u>York, NY 10022</u>