Report Highlights 2020 as an Inflection Point for Advancement of Ares’ ESG Strategy

Ares Management Corporation (“Ares”) (NYSE: ARES), a leading global alternative investment manager, announced today the release of its inaugural sustainability report, titled Catalyzing a Better Future.

This initial report, which will be updated and released on an annual basis, demonstrates 2020 as a pivotal year for Ares with ESG efforts gaining heightened focus in light of a global pandemic, increasing health and economic inequality, social justice issues and a continuing climate crisis. The report articulates Ares’ overarching ESG strategy, establishes a benchmark for progress against key material issues and provides transparency for long-term ambitions.

“While we have always sought to be a catalyst for positive change, we entered 2020 with an elevated sense of urgency to accelerate and scale our ESG approach throughout all aspects of our business,” said Michael Arougheti, Chief Executive Officer and President of Ares. “With the appointment of our first platform-wide Global Head of ESG, Adam Heltzer, we set a clear sustainability vision and initiated a holistic ESG program aligned with our culture and core values. Through this approach, our team is united in the objective of driving the maximum positive impact to our stakeholders and in our communities.”

“We are excited to unveil our first sustainability report, which we believe is crucial to creating transparency and accountability for our ESG program,” said Adam Heltzer, Ares Global Head of ESG. “We believe that we are making great strides and are proud of the incredible progress achieved during a particularly challenging year. This has been the outcome of a firmwide effort and we are committed to continuing to lead measurable change across our corporate platform and investments.”

To download the full sustainability report, please visit www.aresmgmt.com/about-ares-management-corporation/esg.

About Ares Management Corporation

Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager operating integrated groups across Credit, Private Equity, Real Estate and Strategic Initiatives. We seek to provide flexible capital to support businesses and create value for our stakeholders and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of March 31, 2021, Ares Management's global platform had approximately $207 billion of assets under management with more than 1,450 employees operating across North America, Europe, Asia Pacific and the Middle East. For more information, please visit www.aresmgmt.com.

Forward-Looking Statements

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Nothing in this press release constitutes an offer to sell or solicitation of an offer to buy any securities of Ares or an investment fund managed by Ares or its affiliates.

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