X0508 4 2025-12-18 0 0001176948 Ares Management Corp ARES 0001304471 Arougheti Michael J 1800 AVENUE OF THE STARS SUITE 1400 LOS ANGELES CA 90067 1 1 0 0 Co-Founder and CEO 0 Ares Operating Group Units 2025-12-18 4 G 0 425000 0 D Class A Common Stock 425000 6826596 I By Ares Owners Holdings L.P. Pursuant to the terms of the Sixth Amended and Restated Exchange Agreement (the "Exchange Agreement"), dated as of May 8, 2025, among Ares Management Corporation, Ares Holdings L.P. and each Ares Operating Group Limited Partner (as defined in the Exchange Agreement), and subject to certain requirements and restrictions, the partnership units of the Ares Operating Group ("AOG Units") are exchangeable for shares of Class A Common Stock on a one-for-one basis. Represents the number of AOG Units which were donated to a charity by the Reporting Person on December 18, 2025. The reporting person or a vehicle controlled by him is a limited partner in Ares Owners Holdings L.P. ("AOH"), the direct holder of the shares of AOG Units. The AOG Units indirectly held by the reporting person are the number of AOG Units that he has a right to receive as a limited partner in AOH. /s/ Anton Feingold, by power of attorney 2025-12-19