SAN FRANCISCO, April 23 /PRNewswire-FirstCall/ -- KKR Financial Holdings LLC (NYSE:KFN) (the "Company") announced today that its 2008 Annual Meeting of Shareholders scheduled for Thursday, May 1, 2008, at 11:00 a.m., San Francisco time, will be available via conference call (listen-only format) and may be accessed by dialing 888-686-9683 (Domestic) or 913-312-0826 (International). A pass code is not required for the conference call. The replay will be available through Thursday, May 15, 2008 by dialing 888-203-1112 (Domestic) and 719-457-0820 (International) / pass code 7623408. 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 available on the Company's website through May 15, 2008. The 2008 Annual Meeting of Shareholders will be held in the A.P. Giannini Auditorium, 555 California Street, San Francisco, California. Holders of record of common shares at the close of business on March 26, 2008 will be entitled to attend and vote. KKR Financial Holdings LLC is a publicly owned specialty finance company that invests in multiple asset classes. KKR Financial Holdings LLC is externally managed by KKR Financial Advisors LLC. KKR Financial Advisors LLC is an affiliate of Kohlberg Kravis Roberts & Co. L.P. Additional information regarding KKR Financial Holdings LLC is available 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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