KKR Appoints Arun Sarin as Senior Advisor

NEW YORK--(Business Wire)--
Kohlberg Kravis Roberts & Co. ("KKR") today announced the appointment of Arun
Sarin as a Senior Advisor to KKR. Mr. Sarin is the former Chief Executive
Officer of mobile telecommunications leader Vodafone Group Plc, and had
previously been a Senior Advisor to KKR.

Henry R. Kravis and George R. Roberts, Co-Founders of KKR, said: "We are
delighted to welcome Arun Sarin back to the Firm as a Senior Advisor. From our
past close partnerships with Arun - starting when he became CEO of Accel-KKR
Telecom almost a decade ago and then as a Senior Advisor to KKR - we know
first-hand of Arun`s deep knowledge, global relationships, and diversified
career as a world-class executive. We look forward to leveraging his broad
business acumen, 25 years of experience and leadership across a variety of
management and investment initiatives."

"I am very pleased to have this opportunity to work with the KKR team once
again," said Mr. Sarin. "KKR is a preeminent investment firm that has evolved
over three decades and expanded its investment capabilities. I am excited to
contribute my own experience to cultivating KKR`s existing investments and
enhancing the Firm`s growth initiatives."

Mr. Sarin`s career began in 1984 at Pacific Telesis Group (PTG), where he
pioneered the expansion of the mobile communications industry by acquiring
numerous domestic and international cellular licenses. He held several senior
roles at PTG over the next decade. In 1994, he led the review and recommendation
for the spinoff of the wireless businesses from PTG, which became AirTouch
Communications. Subsequently, he was appointed President and COO of AirTouch in
1997.

With the 1999 merger of Vodafone and AirTouch, Mr. Sarin became CEO of
Vodafone`s US/Asia Pacific region. He left Vodafone in 2000 and rejoined as
Chief Executive in 2003. The Group`s M&A focus was originally based on
opportunities in developed markets, but this shifted to incorporate emerging
markets in 2006. Mr. Sarin subsequently led the company`s re-entry into the
Indian market in 2007, and also acquired several other mobile operators in high
growth markets such as Turkey, Ghana, Romania, Czech Republic and Qatar. In his
five years as CEO, Vodafone returned capital of approximately £34 billion to
shareholders including dividends and buy backs. He retired from Vodafone last
year.

Mr. Sarin has an MS in Engineering and an MBA from the University of California
at Berkeley. He received his BS in Engineering from IIT, the Indian Institute of
Technology. He is a member of the boards of directors of Cisco Systems, Inc. and
Safeway Inc. He has served on numerous boards in the past, including Gap Inc.
and Charles Schwab Corp., and as a non-executive director of the Court of the
Bank of England.

KKR`s Senior Advisors are part of the Firm`s integrated model of value creation.
They include current and former senior executives who bring unique leadership
skills to complement the work of KKR investment professionals, the operational
executives at KKR Capstone, and serve as liaisons to manage relationships with
current and future investment partners.

About KKR

Established in 1976, KKR is a leading global alternative asset manager. KKR's
franchise is sponsoring and managing funds that make investments in private
equity, fixed income and other assets in North America, Europe, Asia and the
Middle East. Throughout its history, KKR has brought a long-term investment
approach, focusing on working in partnership with management teams of its
portfolio companies and investing for future competitiveness and growth. KKR has
$37.5 billion in private equity assets under management and $13.3 billion in
credit assets under management as of June 30, 2009 through various private and
publicly traded funds and separately managed accounts. KKR also carries out
capital markets activities through its broker dealer subsidiaries. KKR has
offices in New York, Menlo Park, San Francisco, Houston, Washington, D.C.,
London, Paris, Hong Kong, Tokyo, Beijing, Mumbai, Dubai and Sydney. More
information about KKR is available at: www.kkr.com.

KKR
Peter McKillop or Kristi Huller
212-750-8300
media@kkr.com

Copyright Business Wire 2009