Blackstone Announces First Quarter 2008 Earnings Conference Call

New York, May 7, 2008 "(pressreleasepoint)" -- The Blackstone Group L.P. (NYSE:BX), announced today that it willhost its first quarter 2008 investor conference call Thursday, May 15, 2008 at 11:00 am ET.Stephen A. Schwarzman, Chairman, CEO and Co-Founder; Tony James, President and Chief Operating Officer; Michael Puglisi, Chief Financial Officer; and Joan Solotar, Senior Managing Director – Public Markets, will review The Blackstone Group L.P.’s first quarter 2008 earnings.The conference call can be accessed by dialing (888) 713-4205 (U.S. domestic) and (617) 213-4862 (international) pass code 60516941.Additionally the conference call will be broadcast live over the Internet and can be accessed by all interested parties through the Investor Relations section of The Blackstone Group’s website http://ir.blackstone.com/. For those unable to listen to the live broadcast, a replay will be available on our website or by dialing (888) 286-8010 (U.S. domestic) or (617) 801-6888(international) pass code number 70998836, beginning approximately two hours after the event.To avoid delay, participants are encouraged to pre-register for the audio portion of the call priorto the day of the event. Pre-registrants will be issued a pin number to use when dialing into thecall which will provide quick access. To pre register please use the following linkhttp://www.theconferencingservice.com/prereg/key.process?key=PNP77NE9BThe Blackstone GroupThe Blackstone Group L.P. is a leading global alternative asset manager and provider offinancial advisory services. Its alternative asset management businesses include the managementof corporate private equity funds, real estate opportunity funds, funds of hedge funds, mezzaninefunds, senior debt funds, proprietary hedge funds and closed-end mutual funds. The BlackstoneGroup also provides various financial advisory services, including mergers and acquisitionsadvisory, restructuring and reorganization advisory and fund placement service. Furtherinformation is available at www.blackstone.com.Contact:John FordThe Blackstone Group+1 212-583-5559ford@blackstone.com