X0306 4 2019-07-23 0 0001176948 Ares Management Corp ARES 0001605729 Olian Judy D. 2000 AVENUE OF THE STARS 12TH FLOOR LOS ANGELES CA 90067 1 0 0 0 Class A Common Stock 2019-07-23 4 A 0 2805 0 A 22313 D Includes a grant of 2,805 restricted units granted on July 23, 2019, each of which represents the right to receive one share of Class A Common Stock upon vesting. The restrictions on such units are scheduled to lapse in three equal installments on July 23, 2020, 2021 and 2022. Also includes a grant of 13,761 restricted units granted on May 1, 2018, each of which represents the right to receive one share of Class A Common Stock upon vesting. The restrictions on such units are scheduled to lapse in three equal installments on May 1, 2019, 2020 and 2021. In connection with the vesting event on May 1, 2019, the reporting person received 4,587 shares of Class A Common Stock. /s/ Naseem Sagati Aghili, by power of attorney 2019-07-25