J.P. Morgan

J.P. Morgan J.P. Morgan invites you to participate in a prospective investor conference call for KKR North America Fund XI KKR North America Fund XI ("KKR XI') is a North America focused private equity fund sponsored by Kohlberg Kravis Roberts & Co. L.P. ("KKR"). KKR pioneered the leveraged buyout industry and has remained one of the world's largest and most successful investment management firms through more than three decades of economic cycles and private equity market changes. Led by founders Henry Kravis and George Roberts, KKR specializes in large, complex buyouts globally. Since 1976, KKR has invested over $50 billion in over 190 transactions. KKR XI will pursue investment opportunities in industry-leading businesses primarily in North America where KKR believes that significant opportunities remain to provide capital and operational expertise to leading companies to help them sustain their competitive position and continue to grow. KKR has a deep and accomplished private equity team with over 140 investment professionals across 8 industry verticals. KKR also brings the resources of over 60 professionals from Capstone, an in-house operational team, to bear on portfolio companies, providing advice and oversight in functional areas such as pricing, procurement and efficiency. KKR has demonstrated a long and consistent track record achieving a 26% gross and 19% net IRR since inception across eight realized and substantially realized North American private equity funds. Featuring James H. Greene, Member, Head of Industrials Team, North American Private Equity and Scott W. Wagner, Member, KKR Capstone Date: Thursday, September 22nd 2011 Time: 12:00pm NY / 5:00pm London To view the slides associated with this presentation, copy and paste the following URL into your Internet browser: https://ipmor • anconferencecall.webex.com The Confere Please contact your J.P. Morgan representative if you have any questions. This invitation is confidential and intended solely for the use of J.P. Morgan professionals and the clients/prospects to whom it has been delivered. It is not to be reproduced or distributed to arty other person except to the client's professional advisors. Private Ma-sane/usare subject so special risks and individual:must meet specific suitability standards before investing. This information does not constitute an offer to sell or a solicitation of an offer JO buy the interests of KKR North America Fund XL No offering of interests of the Fund may be made by any literature. advertising or document in whatever form other than the confidential private placement memorandum. As a reminder. hedge funds (or funds of hedge funds). private equity funds. real esrale Jim& and the like: Often engage in leveraging and other speculative investment practices that may increase the risk of investment lam: Can be highly illiquid: Are not required to provide periodic pricing or valuation information to investors: May imalve complex tax structures and delays in diMributing important sax information: Are not subject to the same regulatory requirements as mutual fiends: and often charge high fees. Further. any number of conflicts of interest may mist in the corneas of the management and/or operation of any such fund. For complete information. Ideate refer to the applicable offering memorandum. Securities are made available through J.F. Morgan Securities LW. Member FILM. NYSE and WC. and its brokerdealer affiliates. Investment Products: -Not FDIC Insured -No Bank Guarantee -May Lose Value EFTA01108643