Joshua Harris - 31 Dec 2021 Form 4 Insider Report for Apollo Asset Management, Inc.

Footnote F1

On January 1, 2022, pursuant to the Agreement and Plan of Merger, dated as of March 8, 2021 (the "Merger Agreement"), by and among Apollo Global Management, Inc., a Delaware corporation ("AGM"), Athene Holding Ltd, a Bermuda exempted company ("AHL"), Tango Holdings, Inc., a Delaware corporation and a direct wholly owned subsidiary of AGM ("Holdings"), Blue Merger Sub, Ltd., a Bermuda exempted company and a direct wholly owned subsidiary of Holdings ("AHL Merger Sub"), and Green Merger Sub, Inc., a Delaware corporation and a direct, wholly owned subsidiary of Holdings ("AGM Merger Sub"), AGM MergerSub merged with and into AGM with AGM as the surviving corporation and a direct subsidiary of Holdings (the "AGM Merger"), and AHL Merger Sub merged with and into AHL with AHL as the surviving corporation and a direct subsidiary of Holdings (the "AHL Merger", and together with the AGM Merger, the "Mergers"). (Continued in Footnote 2)

Footnote F2

(Continued from Footnote 1) On January 1, 2022, upon the consummation of the Mergers, (a) each share of common stock (other than shares held by AGM as treasury shares or by a subsidiary of AGM) or other equity interest of AGM was converted into one share of common stock or equivalent equity interest of Holdings, (b) AGM was renamed Apollo Asset Management, Inc. and (c) Holdings was renamed Apollo Global Management, Inc.

Footnote F3

By MJH Partners II LLC, an estate planning vehicle for which voting and investment control are exercised by the reporting person.

Footnote F4

Prior to the Mergers, each Apollo Operating Group ("AOG") unit represented a right to receive one share of Class A common stock of AGM, subject to the restrictions and provisions set forth in the Agreement Among Principals, dated July 13, 2007, by and among the reporting person, Leon Black, and Marc Rowan, as amended (the "Agreement Among Principals") and the Seventh Amended and Restated Exchange Agreement, dated July 29, 2020, by and among the AGM, AP Professional Holdings and the other parties thereto (the "Seventh A&R Exchange Agreement").

Footnote F5

The AOG units were fully vested as of December 31, 2011 and do not expire.

Footnote F6

In connection with that certain Exchange Implementation Agreement, dated December 31, 2021, by and among Holdings, AP Professional Holdings, L.P., BRH Holdings, L.P. and the other parties thereto, the reporting person (a) sold and transferred on December 31, 2021, to APO Corp., a wholly-owned consolidated subsidiary of AGM, a portion of his AOG Units in exchange for an amount equal to $3.66 multiplied by 33,756,328, payable over a period of three years in equal quarterly installments and (b) exchanged on January 1, 2022, concurrently w ith the consummation of the Mergers, the remainder of his AOG units for 33,756,328 shares of common stock of Holdings.