SAN FRANCISCO, Nov. 6 /PRNewswire-FirstCall/ -- KKR Financial Holdings LLC (NYSE:KFN) (the "Company") announced today that it plans to release financial results for the third quarter 2008 following the close of trading on the New York Stock Exchange on Monday, November 10, 2008. In addition, a conference call hosted by the Company's management to discuss the Company's results will be held on Monday, November 10, 2008 at 5:00 p.m. New York time. The conference call may be accessed by dialing (800) 390-5705 (Domestic) or (719) 457-2080 (International); a pass code is not required. A telephonic replay of the call will be available through Monday, November 17, 2008 by dialing (888) 203-1112 (Domestic) and (719) 457-0820 (International) / pass code 4264254. Supplemental materials that will be discussed during the call and the live audio web cast will be available on the Investor Relations section of the Company's website at http://www.kkr.com/kfi/kfn_webcasts_presentations_and_important_documents.cfm. An audio replay of the web cast will be archived in the Investor Relations section of the Company's website. 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, a wholly-owned subsidiary of Kohlberg Kravis Roberts & Co. (Fixed Income) L.P. Additional information regarding KKR Financial Holdings LLC is available at http://www.kkr.com/. CONTACT: Investors Laurie L. Poggi KKR Fixed Income (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 Fixed Income, +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.kkr.com/

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