X0306 4 2015-11-24 0 0001380393 Fortress Investment Group LLC FIG 0001380615 Novogratz Michael C/O FORTRESS INVESTMENT GROUP LLC 1345 AVENUE OF THE AMERICAS, 46TH FLOOR NEW YORK NY 10105 1 1 0 0 Principal Fortress Operating Group Units 2015-11-24 4 D 0 3336065 4.50 D Class A Shares 3336065 0 I By Family Trust Fortress Operating Group Units 2015-11-24 4 D 0 6067000 4.50 D Class A Shares 6067000 0 I By Family Trust Fortress Operating Group Units 2015-11-24 4 D 0 2085000 4.50 D Class A Shares 2085000 0 I By Family Trust Fortress Operating Group Units 2015-11-24 4 D 0 2358949 4.50 D Class A Shares 2358949 0 I By Family Trust Fortress Operating Group Units 2015-11-24 4 D 0 42970021 4.50 D Class A Shares 42970021 0 D A "Fortress Operating Group Unit" represents one limited partner interest in each of Fortress Operating Entity I LP, FOE II (New) LP, and Principal Holdings I LP. The Reporting Person has the right, exercisable from time to time, to exchange each Fortress Operating Group Unit for one Class A share of the issuer; provided, that one Class B share of the issuer (which has no economic interest in the issuer) is concurrently delivered to the issuer for cancellation. The Reporting Person owns Class B shares in the same amount as the Reporting Person's Fortress Operating Group Units. Such shares represent no economic interest in the issuer and are not separately reported herein. The Fortress Operating Group Units have no expiration date. The Reporting Person disclaims beneficial ownership except to the extent of his pecuniary interest therein. /s/ David N. Brooks, as attorney-in-fact 2015-11-24