X0306 4 2016-02-09 0 0001393818 Blackstone Group L.P. BX 0001408583 Solotar Joan C/O THE BLACKSTONE GROUP 345 PARK AVENUE, 43RD FLOOR NEW YORK NY 10154 0 1 0 0 SMD, External Relations Common units representing limited partner interests 2016-02-09 4 C 0 75518 0.00 A 142247 D Blackstone Holdings partnership units 2016-02-09 4 C 0 75518 D Common units representing limited partner interests 75518 487945 D Pursuant to an exchange agreement, the Reporting Person exchanged 75,518 Blackstone Holdings partnership units for an equal number of common units of The Blackstone Group L.P. A "Blackstone Holdings partnership" unit collectively refers to one limited partner interest in each of Blackstone Holdings I L.P., Blackstone Holdings II L.P., Blackstone Holdings III L.P., and Blackstone Holdings IV L.P. Subject to the minimum retained ownership requirements and transfer restrictions set forth in the partnership agreements of the Blackstone partnerships, the Reporting Person has the rights, exercisable from time to time, to exchange each Blackstone Holdings partnership unit for one common unit of The Blackstone Group L.P. The Blackstone Holdings partnership units have no expiration date and may not be exchanged at any time prior to December 31, 2016 other than pursuant to transactions or programs approved by Blackstone. Includes 5,634 Blackstone Holdings partnership units issued on October 1, 2015 as an anti-dilution adjustment in connection with the spin-off of PJT Partners Inc. by The Blackstone Group L.P. Tabea Y. Hsi as Attorney-In-Fact 2016-02-16