KKR Announces Appointment of Sir John Bond as Senior Advisor

New York, November 21, 2006 -- Kohlberg Kravis Roberts & Co. (KKR) announced today that it has appointed Sir John Bond as a senior advisor to the firm.

Sir John Bond was most recently Group Chairman of HSBC Holdings Plc. During his distinguished 45-year career at HSBC, he played a key role in the growth and development of its businesses worldwide, and particularly across Asia, and its emergence as a premier global financial institution. He is currently Chairman of Vodafone Group Plc, Chairman of the Mayor of Shanghai's International Business Leaders Advisory Council and a member of the China Development Forum, which meets annually in Beijing and provides advice to the Chinese Government. He has been a member of the Hong Kong Chief Executive's Council of International Advisers since 2002. He is also a member of the International Advisory Council to the Tsinghua University School of Economics and Management in Beijing. Recently Sir John joined the Board of Shui On Land, a major investor in property in the People's Republic of China.

Henry R. Kravis, Founding Partner of KKR, said, "As a firm that operates on an international scale, it is critical that KKR is able to draw upon the vision and expertise of individuals who understand how to develop and manage business and government relationships globally. John brings a wealth of knowledge and experience in the financial services sector, which is a key focus for KKR, as well as a global vision that will be of enormous benefit to KKR and to our portfolio companies around the world."

Joe Bae, a Partner of the Firm, who leads KKR's operations in Asia, added, "As opportunities across Asia continue to emerge, John's strategic insight and unique network and relationships will bring tremendous value to our business. His deep operational capabilities in building and expanding HSBC's business in China and across Asia will also contribute significantly to the success of our portfolio companies in the region."

About KKR
Kohlberg Kravis Roberts & Co. (KKR) is one of the world's oldest and most experienced private equity firms specializing in management buyouts. Founded in 1976, it has offices in New York, Menlo Park, London, Paris, Hong Kong and Tokyo.

Throughout its history, KKR has brought a long-term investment approach to its portfolio companies, focusing on working in partnership with management teams and investing for future competitiveness and growth. Over the past 30 years, KKR has completed 146 transactions with a total value of approximately US$263 billion. For more information, please visit www.kkr.com.

Contact:

New York
Kekst and Company		Tel: +1 212 521 4800
Molly Morse
Mark Semer
London
Finsbury		Tel: +44 (0)20 7251 3801
Simon Moyse
Zoe Watt
Hong Kong
Gavin Anderson & Company		Tel: +852 2218 9988
Richard Barton		Mob: +852 9308 1056
Joshua Goldman-Brown		Mob: +852 9687 9197

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