APGB.U Apollo Strategic Growth Capital II

Apollo Strategic Growth Capital II (the “Company”) today announced it intends to commence its initial public offering of 50,000,000 units at $10.00 per unit. The Company intends to grant the underwriters a 30-day option to purchase up to 7,500,000 additional units.

Each unit issued in the initial public offering will consist of one Class A ordinary share of the Company and one-fifth of one warrant, each whole warrant entitling the holder thereof to purchase one Class A ordinary share at an exercise price of $11.50 per share. We expect the units will be listed on the New York Stock Exchange (the “NYSE”) under the symbol “APGB.U.” Once the securities constituting the units begin separate trading, we expect that the Class A ordinary shares and warrants will be listed on the NYSE under the symbols “APGB” and “APGB WS,” respectively.

The Company is sponsored by APSG Sponsor II, L.P., an affiliate of Apollo Global Management, Inc. (NYSE: APO). The Company was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. It may pursue an initial business combination target in any business or industry.

Deutsche Bank Securities Inc. is acting as a joint bookrunner and representative of the underwriters, and Barclays Capital Inc. and Credit Suisse Securities (USA) LLC are acting as joint bookrunners of the offering. Apollo Global Securities LLC, RBC Capital Markets, LLC, Siebert Williams Shank & Co, LLC and Academy Securities, Inc. are acting as co-bookrunners.

The public offering will only be made by means of a prospectus. Copies of the preliminary prospectus relating to the offering and final prospectus, when available, may be obtained from Deutsche Bank Securities Inc., Attn: Prospectus Department, 60 Wall Street, New York, New York 10005, telephone +1 800 503 4611, or email: prospectus.cpdg@db.com; Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, telephone: +1 888 603 5847, or email: Barclaysprospectus@broadridge.com; Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, 6933 Louis Stephens Drive, Morrisville, North Carolina 27560, Telephone: (800) 221-1037, email: usa.prospectus@credit-suisse.com.

A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission (the “SEC”) but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any State or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State or jurisdiction.

FORWARD-LOOKING STATEMENTS

This press release contains statements that constitute “forward-looking statements,” including with respect to the proposed initial public offering and the anticipated use of the net proceeds. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and preliminary prospectus for the Company’s offering filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Contacts

Apollo Strategic Growth Capital IIFor investors please contact: info@apollostrategicgrowthcapitalii.com

For media inquiries please contact: communications@apollo.com