Summary of ALTERNATIVE ASSET MANAGEMENT ACQUISITION CORP.

Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

On February 10, 2009 Alternative Asset Management Acquisition Corp. (the "Company") received a deficiency letter from the NYSE Alternext US LLC (the "Exchange") indicating that it was not in compliance with Section 704 of the NYSE Alternext US Company Guide (the "Company Guide") because the Company did not hold an annual meeting of its stockholders during the year ended December 31, 2008.

The Company has been afforded the opportunity to submit a plan to the Exchange by March 10, 2009 advising the Exchange of actions taken, or to be taken, to bring the Company into compliance with Section 704 of the Company Guide by August 11, 2009. The Company intends to submit a plan to the Exchange by March 10, 2009 explaining that, pursuant to the Company's charter, it must consummate a business combination by August 1, 2009, or the Company will dissolve and liquidate. As a result, the Company will either hold an annual meeting of stockholders prior to August 1, 2009 or liquidate, in which case its securities would be delisted from the Exchange.

If the plan is accepted, the Company will be able to continue its listing, during which time the Company will be subject to continued periodic review by the Exchange's staff. If the plan is not accepted, the Exchange could initiate delisting procedures against the Company.

The Company issued a press release on February 12, 2009 announcing receipt of the Exchange's letter in accordance with Section 1009 of the Company Guide. A copy of the press release is attached as Exhibit 99.1 hereto and is incorporated herein by reference.