EXHIBIT D Black Family Partners,' L.P. ADJUSTED BOOK VALUE AS OF JUNE 7, 2007 Assets Apollo Operating Group Interests Aggregate Fair Market Value Apollo Management Holdings, L.P. $851,700,000 Apollo Principal Holdings II, L.P. $81,200,000 Apollo Advisors IV, L.P. $37,500,000 Apollo Advisors V, L.P. $59,000,000 Apollo Advisors VI, L.P. 5105.800,000 Apollo Advisors VI (EH), L.P.' $63,700,000 Apollo Advisors V (EH Cayman), LP $25,100,000 Co•Investor Interests Apollo NC Co-Investors, LLC $7,800,000 Apollo Co-Investors III, LLC $7,200.000 Apollo Co-Investors IV, LLC $7,600,000 Apollo Co-Investors V, LLC $17,700,000 Apollo Co-Investors V (EH), LLC $6,700,000 Apollo Co-Investors VI (A), LLC $30,700,000 Apollo Co-Investors VI (EH-A), LP $3,350,000 Apollo SOMA Co-Investors, LLC $660,000 Apollo Value Co•Investors, LLC $2,920,000 Total Assets $1 308 830 000 Liabilities & Equity Total Liabilities $0 Total Equity $1,308,630,000 Total Liabilities and Equity $1,308,630,000 Adjusted Book Value $1,308,630.000 Investment Company! Lack of Control Discount 5.0% ($65,431,500) Freely Tradable Value $1243,198.500 Pm Rata, Non-Controlling Partnership Interest 1% $12.431,985 Discount for Lack of Marketability 25% (53,107.996) Pro Rata, Fair Market Value of 1% Partners Interest $9,323,989 Pro Rata, Fair Market Value of 1% Partners Interest, rounded $9,300,000 •The Fair Market Value pinned for Apollo Ai:Maori VI (EH) L.P. includes a Class A Infant hi AAA Associates, LP EFTA01127903