GoldenTree Asset Management Announces Partnership with GreensLedge Asia

New York and Tokyo, August 22, 2012

GoldenTree Asset Management LP (“GoldenTree”) today announced that it is partnering in Japan with GreensLedge Capital Markets LLC and its affiliate GreensLedge Asia Limited (collectively, “GreensLedge”).

In September 2010, GreensLedge established GreensLedge Asia Limited in Tokyo to provide advisory and placement services to the Asian markets, with an initial focus on Japan. GreensLedge Asia was created in partnership with Iku Nishino, who most recently served as J.P. Morgan’s Head of Fixed Income Sales in Japan.

GoldenTree currently serves as asset manager for certain private investment funds and has been involved with the Japanese institutional marketplace since 2001. Through its partnership with GreensLedge, GoldenTree will seek to further develop its local brand by continuing to offer high-quality client service to its existing Japanese investors and by leveraging GreensLedge’s local expertise and deep relationships for new business development opportunities.

Steven Tananbaum, Managing Partner and Chief Investment Officer of GoldenTree, said, “We are very pleased to be partnering with GreensLedge. We have a long and successful history with the principals. They provide a differentiated service in the Japanese marketplace, and we believe our partnership will allow GoldenTree to efficiently offer its services to and maximize value for both existing and new clients.”

“We are excited to be working with GoldenTree as they continue to build out their efforts in Japan,” said Iku Nishino, Co-Founder and Managing Director of GreensLedge Asia. “Japanese investor interest in the alternative asset management space continues to gain momentum. We believe this partnership will assist GoldenTree in meeting their Japanese client needs.”

About GoldenTree Asset Management

GoldenTree Asset Management is one of the largest independent asset managers focused on corporate credit. GoldenTree manages approximately $16 billion of assets in a variety of absolute return and long only strategies. The firm operates out of offices in New York and London and invests primarily in corporate credit markets across a broad range of debt instruments such as leverage loans, high yield bonds, structured credit and distressed debt