X0306 4 2018-05-01 0 0001176948 ARES MANAGEMENT LP ARES 0001606115 Lynton Michael 2000 AVENUE OF THE STARS 12TH FLOOR LOS ANGELES CA 90067 1 0 0 0 Common Shares 2018-05-01 4 A 0 13761 0 A 17708 D Reflects a grant of 13,761 restricted units granted on May 1, 2018, each of which represents the right to receive one Common Share upon vesting. The restrictions on such units are scheduled to lapse in three equal installments on May 1, 2019, 2020 and 2021. /s/ Naseem Sagati Aghili, by power of attorney 2018-05-03