X0206 3 2020-08-11 0 0001815849 Fortress Value Acquisition Corp. II FAII 0001427223 Principal Holdings I LP 1345 AVENUE OF THE AMERICAS, 46TH FLOOR NEW YORK NY 10105 0 0 1 0 0001815850 Fortress Acquisition Sponsor II LLC C/O 1345 AVENUE OF THE AMERICAS, 46TH FLOOR NEW YORK NY 10105 0 0 1 0 Class F Common Stock, par value $0.0001 per share Class A Common Stock, par value $0.0001 per share 8525000 I See Explanation of Responses Fortress Acquisition Sponsor II LLC ("Sponsor") directly owns shares of Class F common stock, par value $0.0001 per share ("Class F Common Stock"), of Fortress Value Acquisition Corp. II (the "Issuer"), including 1,125,000 shares of Class F Common Stock that are subject to forfeiture if the underwriters of the Issuer's initial public offering do not exercise in full an option granted to it to cover over-allotments. Pursuant to the Amended and Restated Certificate of Incorporation of the Issuer, the shares of Class F Common Stock have no expiration date and (i) are convertible into shares of Class A Common Stock, par value $0.0001 per share ("Class A Common Stock"), of the Issuer at any time at the option of the holder on a one-for-one basis and (ii) will automatically convert into shares of Class A Common Stock at the time of the Issuer's initial business combination on a one-for-one basis, in each case, subject to adjustment. The member of Fortress Acquisition Sponsor II LLC is Principal Holdings I LP, a Delaware limited partnership ("Holdings" and together with Sponsor, "the Reporting Persons"). Because of the relationship among the Reporting Persons, the Reporting Persons may be deemed to beneficially own the securities reported herein to the extent of their respective pecuniary interests. Each Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein, if any. Pursuant to Rule 16a-1(a)(4) under the Exchange Act, this filing shall not be deemed an admission that the Reporting Persons are, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owners of any equity securities in excess of their respective pecuniary interests. Exhibit 99.1 Joint Filer Information, incorporated herein by reference. /s/ Alexander Gillette, Authorized Signatory, Principal Holdings I LP 2020-08-11 /s/ Alexander Gillette, Authorized Signatory, Fortress Acquisition Sponsor II LLC 2020-08-11