July 31, 2017

CHICAGO, IL and NEW YORK, NY – Certain affiliates of investment funds managed by affiliates of Apollo Global Management, LLC (together with its consolidated subsidiaries, "Apollo") (NYSE: APO), the Ontario Teachers' Pension Plan Board ("Ontario Teachers'") and CareerBuilder, LLC ("CareerBuilder") announced today that an investor group led by Apollo along with Ontario Teachers' completed its acquisition of a majority of the outstanding equity interests in CareerBuilder. CareerBuilder's current owners, TEGNA Inc., Tribune Media Company and McClatchy Interactive West retain a minority interest in CareerBuilder. The acquisition was announced in June 2017.

The transaction included financing from Credit Suisse, Barclays, Deutsche Bank USA, Citigroup Global Markets and Goldman Sachs & Co. LLC; all also acted as financial advisors to Apollo, along with LionTree Advisors and PJT Partners.  Morgan Stanley & Co. acted as financial advisor to CareerBuilder.  Akin Gump Strauss Hauer & Feld LLP and Paul, Weiss, Rifkind, Wharton & Garrison LLP were legal advisors to Apollo.  Wachtell, Lipton, Rosen & Katz LLP was legal advisor to the sellers.

About CareerBuilder

CareerBuilder is a global, end-to-end human capital solutions company focused on helping employers find, hire and manage great talent. Combining advertising, software and services, CareerBuilder leads the industry in recruiting solutions, employment screening and human capital management. It also operates top job sites around the world. CareerBuilder and its subsidiaries operate in the United States, Europe, South America, Canada and Asia. For more information, visit www.careerbuilder.com.

About Apollo

Apollo is a leading global alternative investment manager with offices in New York, Los Angeles, Houston, Chicago, St. Louis, Bethesda, Toronto, London, Frankfurt, Madrid, Luxembourg, Mumbai, Delhi, Singapore, Hong Kong and Shanghai. Apollo had assets under management of approximately $197 billion as of March 31, 2017 in private equity, credit and real estate funds invested across a core group of nine industries where Apollo has considerable knowledge and resources. For more information about Apollo, please visit www.agm.com.

About Ontario Teachers'

The Ontario Teachers' Pension Plan (Ontario Teachers') is Canada's largest single-profession pension plan, with C$175.6 billion in net assets at December 31, 2016.  It holds a diverse global portfolio of assets, approximately 80% of which is managed in-house, and has earned an average annualized rate of return of 10.1% since the plan's founding in 1990. Ontario Teachers' is an independent organization headquartered in Toronto. Its Asia-Pacific region office is located in Hong Kong and its Europe, Middle East & Africa region office is in London. The defined-benefit plan, which is fully funded, invests and administers the pensions of the province of Ontario's 318,000 active and retired teachers. For more information, visit otpp.com and follow us on Twitter @OtppInfo.

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Media Contact

Pav Jordan
Senior Manager, Investment Communications,
Ontario Teachers' Pension Plan
(416) 228-6862
pav_jordan@otpp.com

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