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February 26, 2009

New Mountain Capital “Social Dashboard” Report Press Release

New Mountain Capital Issues “Social Dashboard” Report; Over 7,000 Jobs Added or Created at New Mountain Portfolio Companies; R+D, Software Spending and Capital Expenditures Exceeds $520mm in Aggregate

New York, New York – February 26, 2009 – New Mountain Capital, LLC issued a “social dashboard” today, reporting on key job growth and investment metrics at its private equity portfolio companies through December 31, 2008.

New Mountain is a New York based investment firm, founded in 2000, and currently managing over $8.5 billion of aggregate capital commitments. The Firm’s strategy has consistently emphasized growth and business building in non-cyclical economic sectors, rather than excessive debt, as the best path to high and steady returns. The Firm used no third party acquisition debt in the initial purchases of twelve of its sixteen portfolio companies. New Mountain has never had a bankruptcy or business failure. New Mountain’s investment gains chiefly accrue to the retirement plans of the nation’s largest states and corporations and to the endowments of leading universities.

A study of all New Mountain portfolio companies shows that employment at New Mountain’s private equity companies increased from 9,567 jobs to 16,745 jobs during the period of New Mountain’s ownership.(i) This is a gain of 7,178 jobs, or a 75 % increase in jobs, net of all job losses. A total of 4,548 net new jobs were created through organic growth at the companies, and 2,630 jobs were added through acquisitions. 2008 was the strongest year for job creation in New Mountain’s history, with over 1,300 jobs added, more than 1,100 of which were generated organically.

Median income for employees at New Mountain companies was $46,268 in 2008, or approximately 74 % above the $26,625 national median. Average income was $56,479, which is 48 % above the U.S. average of $38,174. (ii)

New Mountain’s companies have invested over $520 million in research and development, software development and capital expenditures during the years of the Firm’s ownership, with over $280 million spent on R&D and software. Over $190 million was invested in 2008 alone: $112.3 million of R&D spending, $11.1 million of software development and $68.8 million of capital expenditures.(iii) A New Mountain portfolio company research scientist was awarded a McArthur “genius” grant for advances in biopharmaceutical research last year.

“New Mountain is dedicated to building great businesses,” said Steven B. Klinsky, New Mountain’s founder and CEO. “As the nation seeks economic growth and recovery, we think private equity (properly executed) can be a very socially positive pursuit and one component of that recovery.”

Note: All amounts are based on 2008 unaudited results. New Mountain portfolio companies Validus Re and Paris Re are excluded from this analysis as New Mountain owns less than 25% of these companies. New Mountain portfolio company Camber Corporation is excluded from this analysis as New Mountain made its investment in December 2008.

(i) A company is included in the data set in the year in which New Mountain makes its initial investment. After New Mountain exits its investment in a given portfolio company, the job creation figures for that company is held constant across future years. The numbers represent only the U.S. workforce.

(ii) The New Mountain median is the weighted average of the median compensation at each New Mountain portfolio company. U.S. median and average are from the Census Bureau 2008 survey based on 2007 data; found at http://pubdb3.census.gov.

(iii) A company is included in the data set for any years in which New Mountain has an investment. After New Mountain exits its investment in a given portfolio company, that company’s financial performance is not included.