SAN FRANCISCO, Aug. 15 /PRNewswire-FirstCall/ -- KKR Financial Holdings LLC (NYSE:KFN) announced that it will host a conference call and audio web cast today at 6:30 PM (EDT) to discuss the sale of approximately $5.1 billion of residential mortgage loans as disclosed in Form 8-K filed earlier today. The conference call may be accessed by dialing (866) 316-1371 (Domestic) or (913) 312-1231 (International); a pass code is not required. The replay will be available through August 29, 2007 by dialing (888) 203-1112 (Domestic) and (719) 457-0820 (International) / pass code 3190234. A live audio web cast of the call will be accessible on the company's website, http://www.kkrkfn.com/, via a link from the Investor Relations section. 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 Holdings LLC Web site: http://www.kkrkfn.com/

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