SAN FRANCISCO, May 2 /PRNewswire-FirstCall/ -- KKR Financial Holdings LLC (NYSE: KFN) ("the Company") announced today that Saturnino S. Fanlo, Chief Executive Officer, will make a presentation at the Seventh Annual JMP Securities Research Conference in San Francisco, CA on Wednesday, May 21, 2008. The presentation is scheduled to begin at 1:30 p.m. New York time.

The live audio-webcast and Company's presentation materials will be accessible on the Company's website, http://www.kkrkfn.com, via a link from the Investor Relations section. The webcast will be available for replay for 90 days following the presentation.

KKR Financial Holdings LLC is a publicly owned specialty finance company that invests in multiple asset classes. KKR Financial Holdings LLC is externally managed by KKR Financial Advisors LLC, an affiliate of Kohlberg Kravis Roberts & Co. L.P. Additional information on KKR Financial Holdings LLC is available at http://www.kkrkfn.com.



     CONTACT:
     Investors                Media
     Laurie L. Poggi          Roanne Kulakoff / Joseph Kuo
     KKR Financial            Kekst and Company
     (415) 315-3718           (212) 521-4837/4863

SOURCE KKR Financial Holdings LLC