Exhibit 99.1

Fortress Reports Fourth Quarter and Year End 2013 Results

Announces Dividend of $0.08 per Share

New York, NY. February 27, 2014 – Fortress Investment Group LLC (NYSE: FIG) (“Fortress” or the “Company”) today reported its fourth quarter and year end 2013 financial results.

FINANCIAL SUMMARY

BUSINESS HIGHLIGHTS

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“It was an outstanding year for Fortress, driven by strong investment performance across virtually all asset classes and funds,” said Fortress Chief Executive Officer Randy Nardone. “Full year distributable earnings per share increased by nearly 70% over 2012, and were higher than in any year since our very first as a public company. AUM reached an all-time high of nearly $62 billion, driven by valuation gains and strong investor demand across all of our businesses. We continued to selectively expand our offerings where we see opportunity to deliver strong returns for our investors, and we entered 2014 with more engines for growth and value creation than at any point in our history.”

SUMMARY FINANCIAL RESULTS

Fortress’s business model is highly diversified, and management believes that this positions the Company to capitalize on opportunities for investing, capital formation and harvesting profits that can occur at different points in any cycle for our individual businesses. Fortress’s business model generates stable and predictable management fees, which is a function of the majority of Fortress’s alternative AUM residing in long-term investment structures. Fortress’s alternative investment businesses also generate variable incentive income based on performance, and this incentive income can contribute meaningfully to financial results. Balance sheet investments represent a third component of Fortress’s business model, and the Company has built substantial value in these investments, which are made in Fortress funds alongside the funds’ limited partners.

The table below summarizes Fortress’s operating results for the quarter and year ended December 31, 2013. The consolidated GAAP statement of operations and balance sheet are presented on pages 13-14 of this press release.

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CONSOLIDATED GAAP RESULTS

Fortress recorded GAAP net income of $318 million, or $0.49 per diluted Class A share, for the fourth quarter of 2013, compared to GAAP net income of $222 million, or $0.24 per diluted share, for the fourth quarter of 2012. Fortress recorded GAAP net income of $484 million, or $0.79 per diluted Class A share, for 2013, compared to GAAP net income of $219 million, or $0.27 per diluted share, for 2012. Our diluted earnings per share for all periods presented includes the income tax effects to net income (loss) attributable to Class A shareholders from the assumed conversion of Fortress Operating Group units and fully vested restricted partnership units to Class A shares.

The period-over-period increase in Fortress’s fourth quarter 2013 GAAP net income was primarily driven by a $148 million increase in GAAP revenues related to incentive income recognized from the Credit Hedge Funds, Liquid Hedge Funds and Permanent Capital Vehicles, incentive income earned from Credit Hedge Fund redeeming capital accounts and incentive income from Private Equity realization activity. Management fees also increased, primarily due to higher average management fee paying AUM for the quarter ended December 31, 2013. Lower compensation and benefits expenses in the quarter resulted in a $11 million period-over-period decrease in GAAP expenses.

The year-over-year increase in Fortress’s full year 2013 GAAP net income was primarily driven by a $295 million increase in GAAP revenues related to incentive income recognized from the Credit Hedge Funds, Liquid Hedge Funds and Permanent Capital Vehicles, incentive income earned from Credit Hedge Fund redeeming capital accounts and incentive income from Private Equity realization activity. Management fees also increased, primarily due to higher average management fee paying AUM for the year ended December 31, 2013. GAAP expenses in 2013 declined $11 million compared to 2012, primarily due to lower interest and compensation expenses, partially offset by higher general and administrative costs.

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CONSOLIDATED SEGMENT RESULTS (NON-GAAP)

This section provides information about each of Fortress’s businesses: (i) Credit, (ii) Private Equity, (iii) Liquid Hedge Funds, and (iv) Logan Circle.

Fortress uses DE as the primary metric to manage its businesses and gauge the Company’s performance, and it uses DE exclusively to report segment results. All DE figures are presented on a pre-tax basis. Consolidated segment results are non-GAAP information and are not presented as a substitute for Fortress’s GAAP results. Fortress urges you to read “Non-GAAP Information” below.

Pre-tax DE was $121 million in the fourth quarter of 2013, up 13% from $107 million in the fourth quarter of 2012. This increase was primarily due to higher incentive income, management fees and net investment income, partially offset by higher operating and profit-sharing expenses.

Incentive income recorded in the fourth quarter of 2013 totaled $136 million, up from $114 million recorded in the fourth quarter of 2012. The increase in incentive income was primarily driven by the Credit Hedge Funds, Permanent Capital Vehicles, Liquid Hedge Funds and Private Equity Funds, partially offset by lower Credit Private Equity (“PE”) Fund realizations.

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Management fees were $143 million in the fourth quarter of 2013, up from $131 million in the fourth quarter of 2012, primarily due to higher management fees from the Liquid Hedge Funds, Private Equity Funds, Credit Hedge Funds and Logan Circle, partially offset by lower management fees from the Credit PE Funds.

Pre-tax DE was $434 million in 2013, up 56% from $278 million in 2012. This increase was primarily due to higher incentive income, management fees and net investment income, partially offset by higher operating and profit-sharing expenses.

Incentive income recorded in 2013 totaled $493 million, up from $278 million recorded in 2012. The increase in incentive income was primarily driven by the Liquid Hedge Funds, Credit Hedge Funds, Credit PE Funds, Permanent Capital Vehicles and Private Equity Funds. Additionally, Fortress had $876 million in gross undistributed, unrecognized incentive income based on investment valuations as of December 31, 2013. This includes $780 million from our funds and $96 million from options in our Permanent Capital Vehicles.

Management fees were $540 million in 2013, up from $479 million in 2012, due to higher management fees from the Liquid Hedge Funds, Private Equity Funds, Logan Circle and Permanent Capital Vehicles, partially offset by lower management fees from the Credit PE Funds.

The Company’s segment revenues and distributable earnings will fluctuate materially depending upon the performance of its funds and the realization events within its Private Equity businesses, as well as other factors. Accordingly, the revenues and distributable earnings in any particular period should not be expected to be indicative of future results.

ASSETS UNDER MANAGEMENT

As of December 31, 2013, AUM totaled $61.8 billion, up from $58.0 billion as of September 30, 2013. During the fourth quarter, Fortress had $1.7 billion of market-driven valuation gains, recorded $1.5 billion of net client inflows for Logan Circle, had a $1.1 billion increase in invested capital and raised $0.8 billion of capital and equity that was directly added to AUM. These increases to AUM were partially offset by (i) $1.0 billion of capital distributions to investors, (ii) $0.2 billion of payments to Credit Hedge Fund investors from redeeming capital accounts and (iii) $0.1 billion of Liquid Hedge Fund redemptions. As of December 31, 2013, the Credit Funds and Private Equity Funds had approximately $4.9 billion and $2.2 billion of uncalled capital, respectively, that will become AUM if deployed/called. Uncalled capital or dry powder – capital committed to the funds but not invested and generating management fees – includes $2.2 billion that is only available for follow-on investments, management fees and other fund expenses. Notably, approximately 79% of alternative AUM was in funds with long-term investment structures as of December 31, 2013, which provides for a stable, predictable base of management fees.

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BUSINESS SEGMENT RESULTS

Below is a discussion of fourth quarter and full year 2013 segment results and business highlights.

Credit:

(See supplemental data on pages 19-20 for more detail on Credit results)

The Credit business, which includes our Credit Hedge Funds and Credit PE Funds, generated pre-tax DE of $46 million in the fourth quarter of 2013, flat compared to the fourth quarter of 2012. On a full year basis, the Credit business generated pre-tax DE of $177 million, up 40% compared to 2012 and the highest level of pre-tax DE since the business was launched in 2002. The year-over-year improvement in DE was primarily driven by $311 million of incentive income recorded in 2013, up from $199 million recorded in 2012.

The Credit Hedge Funds generated incentive income of $50 million and $191 million for the quarter and year ended December 31, 2013, respectively, up 32% and 47% from the comparable periods in 2012. At year end, the Credit Hedge Funds had over $5.0 billion of incentive eligible NAV above performance thresholds and eligible to generate additional incentive income.

The Credit Hedge Funds raised $219 million of third-party capital in the fourth quarter and $557 million in 2013. In December 2013, the Credit business launched the Fortress Japan Income Fund (“FJIF”) to invest in a diversified portfolio consisting primarily of long-term, stable, income-generating assets in Japan. Structured as an open ended fund with periodic subscription and redemption rights, FJIF will primarily target investments in real estate subject to long-term leases, capital assets and renewable energy projects.

The Credit PE Funds generated $18 million of incentive income in the fourth quarter of 2013, compared to $27 million of incentive income in the fourth quarter of 2012. On a full year basis, the Credit PE Funds recognized $120 million of incentive income in DE, up from $69 million in 2012, while gross unrecognized Credit PE incentive income increased $172 million, or 34%, to $681 million as of December 31, 2013. At year end, the Credit PE Funds had over $9.2 billion of incentive-eligible NAV above performance thresholds as all flagship Credit PE Opportunities and Japan Real Estate Funds were valued above their preferred thresholds and eligible to generate incentive income.

During the quarter, the Credit PE Funds deployed $1.1 billion of dry powder for investments and distributed $0.4 billion of capital back to limited partners. In 2013, Credit PE Funds deployed $2.2 billion of capital and returned $2.2 billion back to limited partners. The Credit PE Funds had $4.9 billion of dry powder at quarter end, of which $2.1 billion is only available for follow-on investments, management fees and other fund expenses.

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Private Equity:

(See supplemental data on page 18 for more detail on Private Equity results)

The Private Equity business, which includes Private Equity Funds and Permanent Capital Vehicles, recorded pre-tax DE of $33 million in the fourth quarter of 2013, up from $31 million in the fourth quarter of 2012. Full year 2013 pre-tax DE was $125 million, up from $115 million in 2012, primarily due to higher Permanent Capital Vehicle incentive income and Private Equity Fund management fees. The Permanent Capital Vehicles recorded $18 million of incentive income during 2013, compared to less than $1 million in 2012.

Private Equity Fund valuations decreased 2.5% in the quarter and increased 14.4% for full year 2013. Valuation declines in the quarter were primarily driven by certain of our publicly-traded portfolio company investments, partially offset by appreciation of our private portfolio company investments.

Fundraising activity in the quarter was comprised of a $623 million first close for the Fortress Italian NPL Opportunities Fund, as well as approximately $300 million of permanent equity capital raised by Newcastle Investment Corp. (NYSE: NCT) (“Newcastle”). On a full year basis, the Private Equity Funds and Permanent Capital Vehicles raised $1.9 billion and $1.4 billion, respectively, making 2013 the most active year of Private Equity fundraising since 2008.

Subsequent to year end, Newcastle completed the spin-off of all of its media assets into a new publicly traded company, New Media Investment Group (“New Media”). New Media will primarily focus on investing in a diversified portfolio of local media assets and growing its online advertising and digital marketing businesses.

Subsequent to year end, Intrawest Resorts Holdings, Inc. (“Intrawest”) completed its IPO at a price of $12.00 per share. As part of the offering, Fortress-managed funds sold 14.8 million shares for $178.1 million of proceeds. Fortress currently owns 27.0 million shares of Intrawest, or 60% of shares outstanding.

In December 2013, Fortress and its affiliates sold 15 million shares of GAGFAH (Xetra: GFJ) at a price of €10.12 per share. The share sale generated $207 million of proceeds and reduced Fortress’s cumulative share ownership of GAGFAH from 49% to 42%.

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Liquid Hedge Funds:

(See supplemental data on page 21 for more detail on Liquid Hedge Funds results)

The Liquid Hedge Funds recorded pre-tax DE of $35 million in the fourth quarter of 2013, up $5 million compared to the fourth quarter of 2012, largely due to higher management fees. For full year 2013, Liquid Hedge Fund pre-tax DE increased 151% year-over-year to $113 million, as strong investment performance contributed to $150 million of incentive income in 2013, an increase of $82 million compared to 2012.

Net returns for the year ended December 31, 2013 for the Fortress Macro Funds, Fortress Asia Macro Funds, Fortress Partners Funds and Fortress Convex Asia Funds were 14.1%, 17.1%, 4.8% and (3.3)%, respectively. Net returns year-to-date through February 21, 2014 for the Fortress Macro Funds, Fortress Asia Macro Funds and Fortress Convex Asia Funds were (4.9)%, (3.0)% and (0.5)%, respectively.

Liquid Hedge Funds ended the quarter with $7.4 billion of AUM, up 7% from the previous quarter, primarily due to $339 million of market-driven valuation gains and $296 million of capital raised, partially offset by $120 million of redemptions. Liquid Hedge Fund AUM increased 46% year-over-year, largely as a result of $2.5 billion of capital raised during 2013. Subsequent to year end, the Liquid Hedge Funds raised approximately $866 million of additional capital, which will be added to AUM in the first quarter of 2014. As of December 31, 2013, there were $510 million Liquid Hedge Fund redemption notices outstanding, which will be paid primarily within one quarter.

In January 2014, Fortress announced the launch of an affiliated manager platform with the Fortress Asia Macro Funds (“FAMF”) expected to become the new platform’s anchor fund. Over the course of 2014, the management of FAMF is expected to be transitioned to a new asset management business, Graticule Asset Management Asia, L.P. (“Graticule”), in which Fortress will have a non-controlling equity interest. Fortress will retain a perpetual minority interest in Graticule amounting to 42.5% of earnings during 2014 and declining to approximately 27% of earnings over time. Fortress expects to receive additional fees for providing infrastructure services (technology, back office, and other services) to Graticule.

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Logan Circle:

(See supplemental data on page 22 for more detail on Logan Circle results)

Logan Circle, our traditional asset management business, recorded a pre-tax DE loss of $5 million and $12 million for the fourth quarter and year ended December 31, 2013, respectively, compared to a pre-tax DE loss of $3 million and $10 million for the fourth quarter and year ended December 31, 2012, respectively. The period-over-period and year-over-year change was primarily due to an increase in operating expenses related to the launch of the growth equities business, partially offset by increased management fees.

Logan Circle ended the quarter with $25.4 billion in AUM, a 23% increase compared to the previous year and an 8% increase compared to the third quarter of 2013. The quarter-over-quarter increase in AUM was primarily due to net client inflows of $1.5 billion and market-driven valuation gains of $0.3 billion. Logan Circle recorded $4.8 billion of net client inflows for the year ended December 31, 2013 and nearly $11 billion of net client inflows since Fortress’s acquisition in 2010.

Net client inflows of $4.8 billion for the year were primarily a result of Logan Circle’s investment performance, as 14 of 16 fixed income strategies outperformed their respective benchmarks in the twelve month period ending December 31, 2013. Since inception, 15 of 16 Logan Circle fixed income strategies have outperformed their respective benchmarks and as of year end, six were ranked in the top quartile of performance for their competitor universe.

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Principal Investments:

The Principal Investments segment, which is comprised of Fortress’s investments in its own funds, generated pre-tax DE of $12 million in the fourth quarter of 2013, compared to $2 million in the fourth quarter of 2012. This period-over-period improvement was largely related to GAGFAH’s secondary offering in December 2013, where Fortress sold 641,465 shares of GAGFAH that were held on its balance sheet. The share sale resulted in realized investment gains of $6 million that were recognized in DE during the fourth quarter.

On a full year basis, pre-tax DE increased $30 million year-over-year to $31 million, primarily due to realization events in our Credit PE Funds and Private Equity Funds, special investments in our Hedge Funds and realized gains on investments from our partial sale of GAGFAH shares. The increase in DE was also due to a decrease in interest expense primarily as a result of a decrease in the average debt balance and average interest rate for the year ended December 31, 2013.

As of December 31, 2013, Principal Investments had segment assets (excluding cash and cash equivalents) totaling $1.4 billion, including $1.3 billion of investments in Fortress funds and $104 million of investments in options in our Permanent Capital Vehicles. As of December 31, 2013, Fortress had a total of $160 million of outstanding commitments to its funds.

In addition, as of December 31, 2013, the NAV of Fortress’s Principal Investments exceeded its segment cost basis by $604 million, representing net unrealized gains that have not yet been recognized for segment reporting purposes.

LIQUIDITY & CAPITAL

As of December 31, 2013, Fortress had cash and cash equivalents of $364.6 million and no outstanding debt obligations. In February 2014, Fortress borrowed $75.0 million on its existing revolving credit facility.

On February 13, 2014, Fortress purchased 60,568,275 Class A shares from Nomura Investment Managers U.S.A. for an aggregate purchase price of $363.4 million (or $6.00 per share) paid in cash. All of the purchased Class A shares were canceled and ceased to be outstanding.

DIVIDEND

Fortress’s Board of Directors declared a fourth quarter 2013 cash dividend of $0.08 per dividend paying share. The dividend is payable on March 14, 2014 to Class A shareholders of record as of the close of business on March 11, 2014.

Fortress announced an increase in its base quarterly dividend, effective for the fourth quarter of 2013 and full year 2014, to $0.08 per dividend paying share, up 33% from $0.06 per dividend paying share.

The declaration and payment of any dividends are at the sole discretion of the Board of Directors, which may decide to change its dividend policy at any time. Please see below for information on the U.S. federal income tax implications of the dividend.

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NON-GAAP INFORMATION

DE is a primary metric used by management to measure Fortress’s operating performance. Consistent with GAAP, DE is the sole measure that management uses to manage, and thus report on, Fortress’s segments, namely: Private Equity, Permanent Capital Vehicles, Credit Hedge Funds, Credit Private Equity Funds, Liquid Hedge Funds, Logan Circle and Principal Investments. DE differs from GAAP net income in a number of material ways. For a detailed description of the calculation of pre-tax DE and fund management DE, see Exhibit 3 to this release and note 11 to the financial statements included in the Company’s most recent annual report on Form 10-K, or note 10 to the financial statements included in the Company’s most recent quarterly report on Form 10-Q.

Fortress aggregates its segment results to report consolidated segment results, as shown in the table under “Summary Financial Results” and in the “Total” column of the table under “Consolidated Segment Results (Non-GAAP).” The consolidated segment results are non-GAAP financial information. Management believes that consolidated segment results provide a meaningful basis for comparison among present and future periods. However, consolidated segment results should not be considered a substitute for Fortress’s consolidated GAAP results. The exhibits to this release contain reconciliations of the components of Fortress’s consolidated segment results to the comparable GAAP measures, and Fortress urges you to review these exhibits. Fortress also uses weighted average dividend paying shares and units outstanding (used to calculate pre-tax DE per dividend paying share) and net cash and investments. The exhibits to this release contain reconciliations of these measures to the comparable GAAP measures, and Fortress urges you to review these exhibits.

CONFERENCE CALL

Management will host a conference call today, Thursday, February 27, 2014 at 10:00 A.M. Eastern Time. A copy of the earnings release is posted to the Investor Relations section of Fortress’s website, www.fortress.com. All interested parties are welcome to participate on the live call. The conference call may be accessed by dialing 1-888-243-2046 (from within the U.S.) or 1-706-679-1533 (from outside of the U.S.) ten minutes prior to the scheduled start of the call; please reference “Fortress Fourth Quarter Earnings Call.” A simultaneous webcast of the conference call will be available to the public on a listen-only basis at www.fortress.com. Please allow extra time prior to the call to visit the site and download the necessary software required to listen to the internet broadcast. A telephonic replay of the conference call will also be available until 11:59 P.M. Eastern Time on Thursday, March 6, 2014 by dialing 1-855-859-2056 (from within the U.S.) or 1-404-537-3406 (from outside of the U.S.); please reference access code “59191364.”

INVESTOR & MEDIA RELATIONS CONTACT

Gordon E. Runté

Fortress Investment Group

+1-212-798-6082

grunte@fortress.com

ABOUT FORTRESS

Fortress Investment Group LLC (NYSE: FIG) is a leading, highly diversified global investment management firm with $61.8 billion in assets under management as of December 31, 2013. Fortress applies its deep experience and specialized expertise across a range of investment strategies - private equity, credit, liquid hedge funds and traditional asset management - on behalf of over 1,500 institutional clients and private investors worldwide. For more information regarding Fortress Investment Group LLC or to be added to its e-mail distribution list, please visit www.fortress.com.

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CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding Fortress’s sources of management fees, incentive income and investment income (loss), estimated fund performance and the amount and source of expected capital commitments. These statements are not historical facts, but instead represent only the Company’s beliefs regarding future events, many of which, by their nature, are inherently uncertain and outside of the Company’s control. It is possible that the sources and amounts of management fees, incentive income and investment income, the amount and source of expected capital commitments for any new fund or redemption amounts may differ, possibly materially, from these forward-looking statements, and any such differences could cause the Company’s actual results to differ materially from the results expressed or implied by these forward-looking statements. For a discussion of some of the risks and important factors that could affect such forward-looking statements, see the sections entitled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s Annual Report on Form 10-K, which is, or will be, available on the Company’s website (www.fortress.com). In addition, new risks and uncertainties emerge from time to time, and it is not possible for the Company to predict or assess the impact of every factor that may cause its actual results to differ from those contained in any forward-looking statements. Accordingly, you should not place undue reliance on any forward-looking statements contained in this press release. The Company can give no assurance that the expectations of any forward-looking statement will be obtained. Such forward-looking statements speak only as of the date of this press release. The Company expressly disclaims any obligation to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with regard thereto or any change in events, conditions or circumstances on which any statement is based.

U.S. FEDERAL INCOME TAX IMPLICATIONS OF DIVIDEND

This announcement is intended to be a qualified notice as provided in the Internal Revenue Code (the “Code”) and the Regulations thereunder. For U.S. federal income tax purposes, the dividend declared in February 2014 will be treated as a partnership distribution. Based on the best information currently available, the per share distribution components are as follows:

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Fortress Investment Group LLC

Consolidated Statements of Operations (Unaudited)

(dollars in thousands, except share data)

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Fortress Investment Group LLC

Consolidated Balance Sheets

(dollars in thousands)

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Fortress Investment Group LLC

Exhibit 1-a

Supplemental Data for the Three Months Ended December 31, 2013 and 2012