SAN FRANCISCO, July 16 /PRNewswire-FirstCall/ -- KKR Financial Holdings LLC (NYSE:KFN) announced today that it will host a conference call and audio web cast on Tuesday, July 17, 2007 at 9:30 am (EDT) to discuss the financial results of the Second Quarter and provide a Company update. The conference call may be accessed by dialing (800) 562-8369 (Domestic) or (913) 312-1299 (International); a pass code is not required. The replay will be available through July 31, 2007 by dialing (719) 457-0820 (Domestic) and (888) 203-1112 (International) / pass code 5425778. Supplemental material that will be discussed during the call, as well as a live audio web cast, will be accessible on the company's website at http://www.kkrkfn.com/ in the Investor Relations section under the heading Webcasts & Events. A replay of the audio web cast will be archived in the Investor Relations section of the company's website. KKR Financial Holdings LLC is a specialty finance company that invests in multiple asset classes. KKR Financial Holdings LLC is externally managed by KKR Financial Advisors LLC. KKR Financial Holdings LLC and KKR Financial Advisors LLC are affiliates of Kohlberg Kravis Roberts & Co. L.P. For more information about KKR Financial Holdings LLC or a copy of this press release visit its website at http://www.kkrkfn.com/. CONTACT: Investors Laurie L. Poggi KKR Financial (415) 315-3718 Media Roanne Kulakoff/Joseph Kuo Kekst and Company (212) 521-4837/4863 DATASOURCE: KKR Financial Holdings LLC CONTACT: investors, Laurie L. Poggi of KKR Financial, +1-415-315-3718; or media, Roanne Kulakoff, +1-212-521-4837, or Joseph Kuo, +1-212-521-4863, both of Kekst and Company for KKR Financial Web site: http://www.kkrkfn.com/

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