Cerberus Capital Management Reiterates Its Long-term Commitment to Aozora Bank

NEW YORK, Oct. 5 /PRNewswire/ -- Cerberus Capital Management, L.P.
("Cerberus") today reiterated its commitment to Aozora Bank, Ltd. ("Aozora")
in response to market rumors that Cerberus and its affiliates might be
preparing to sell some of their shares in the bank. Cerberus maintains its
positive long-term view of this investment and has no plan to sell any Aozora
shares in the open market.

Since its inception, Cerberus Capital Management has pursued a strategy that
focuses on investments in undervalued situations. For example, Cerberus
Institutional Partners IV, the firm's flagship institutional fund, has been
actively employing that strategy and is up over 20% year-to-date 2009.
Consistent with this value investment strategy, Cerberus views its investment
in Aozora as a long-term strategic investment in an undervalued asset.

Timothy F. Price, Managing Director at Cerberus, said, "Cerberus remains
committed to Aozora, which it views as an undervalued asset. Cerberus has
substantial liquidity, including billions of dollars of free cash on hand in
existing funds and accounts to invest in anything that makes sense for our
investors, and also closed a substantial new fund this summer. As we've said
in the past, Cerberus is under no pressure to sell any assets at any time for
any reason. We are actively looking for additional investments."

Cerberus' initial investment in 2000 helped Aozora emerge from temporary
nationalization and formulate a revitalization plan. In 2003, Cerberus NCB
Acquisition, L.P. acquired a majority of Aozora's common shares and currently
owns approximately 55% of Aozora. Cerberus and its affiliates have been
investors in the Bank for nearly 10 years.

About Cerberus

Established in 1992, Cerberus Capital Management, L.P., along with its
affiliates, is one of the world's leading private investment firms with
approximately $24 billion under management in funds and accounts. Through its
team of investment and operations professionals, Cerberus specializes in
providing both financial resources and operational expertise to help transform
undervalued companies into industry leaders for long-term success and value
creation. Cerberus is headquartered in New York City, with affiliate and/or
advisory offices in the United States, Europe, the Middle East and Asia. More
information on Cerberus can be found at www.cerberuscapital.com.

Media Contacts:

Peter Duda: +1 (212) 445-8213
James Olecki: +1 (212) 445-8052
Cerberus Media Line: +1 (212) 891-1558

SOURCE Cerberus Capital Management, L.P.

Peter Duda, +1-212-445-8213 or James Olecki, +1-212-445-8052 or Cerberus Media
Line, +1-212-891-1558