SAN FRANCISCO, Aug. 2 /PRNewswire-FirstCall/ -- KKR Financial Holdings LLC (NYSE:KFN) announced today that its Board of Directors has declared a cash distribution for the quarter ended June 30, 2007 of $0.56 per common share. The cash distribution will be payable on August 30, 2007 to shareholders of record as of the close of business on August 16, 2007. 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. Additional information on KKR Financial Holdings LLC is available on the company's website at http://www.kkrkfn.com/. CONTACT: Investors Media Laurie L. Poggi Roanne Kulakoff/Joseph Kuo KKR Financial Kekst and Company (415) 315-3718 (212) 521-4837/4863 DATASOURCE: KKR Financial Holdings LLC CONTACT: Laurie L. Poggi of KKR Financial, +1-415-315-3718; or Roanne Kulakoff, +1-212-521-4837, or Joseph Kuo, +1-212-521-4863, both of Kekst and Company, for KKR Financial Holdings LLC Web site: http://www.kkrkfn.com/

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