GoldenTree Asset Management Expands Global Team

NEW YORK and LONDON - Financial Services Veteran Jan Kaass Joins Firm’s London Office To Bolster Marketing Effort

GoldenTree Asset Management announced today that Dr. Jan Kaass has joined the firm’s London office as Director of Marketing. In his new role, Dr. Kaass will be responsible for supporting GoldenTree’s European marketing efforts, with a special emphasis on German speaking countries. He will report to Kathy Sutherland, Partner and Head of European Marketing for GoldenTree.

Mr. Kaass joins GoldenTree from the London office of Goldman Sachs, where he served as Executive Director and managed the strategic advisory team for the German insurance market since 2005. Prior to joining Goldman Sachs, Mr. Kaass was employed by JP Morgan, where he focused on accounting and regulatory coverage of insurers and pension funds. He began his career at KPMG advising German insurance companies after serving ten years as a commissioned officer in the German armed forces.

“Jan is a terrific addition to our European operations,” said Ms. Sutherland. “He brings a wealth of knowledge and a varied skill set that will be beneficial to our client base. We look forward to working closely with him as we expand and strengthen our relationships in the German speaking areas of Europe,” she added.

“I am very excited to join GoldenTree,” said Mr. Kaass. “The firm has an excellent reputation among European institutions and is well positioned to capitalize on opportunities in the credit markets. I look forward to working with the great team Kathy has assembled,” he added.

Mr. Kaass received both his undergraduate degree and PhD in Business Administration/European Tax Law from Helmut Schmidt University in Hamburg Germany.

Leon Wagner, GoldenTree’s Chairman, added that, “Last year’s market dislocations and the continued consolidation of the financial services industry have given GoldenTree the opportunity to add talented professionals in all areas of our firm.”

About GoldenTree Asset Management

GoldenTree Asset Management, an Investment Advisor with offices in New York, London, Luxembourg and Sao Paulo invests in bank debt, high yield bonds, distressed debt, real estate and equities. GoldenTree manages over US$10 billion as of March 31, 2009 and the firm has over 200 employees. For further information regarding GoldenTree Asset Management please visit their website at www.goldentree.com.

Source: GoldenTree Asset Management

John Henderson, Rubenstein Associates, Inc., Public Relations, +1-212-843-8054