13G Filing: Oaktree Capital Management and Stonemor Partners LP (STON)

3600 Horizon Boulevard,

Trevose, Pennsylvania, 19053

This Schedule 13G is filed jointly by each of the following
persons (collectively, the “Reporting Persons”) pursuant to a joint filing agreement attached hereto as Exhibit
1:

(1) Oaktree Value Equity Holdings, L.P., a Delaware limited
partnership (“VE Holdings”), in its capacity as the direct owner of 2,600,000 Units;

(2) Oaktree Value Equity Fund GP, L.P., a Cayman Islands exempted
limited partnership (“VEF GP”), in its capacity as the general partner of VE Holdings;

(3) Oaktree Value Equity Fund GP Ltd., a Cayman Islands exempted
company (“VEF Ltd.”), in its capacity as the general partner of VEF GP;

(4) Oaktree Capital Management, L.P., a Delaware limited partnership
(“Management”), in its capacity as the sole director of VEF Ltd.;

(5) Oaktree Holdings, Inc., a Delaware corporation (“Holdings”),
in its capacity as the general partner of Management;

(6) Oaktree Fund GP I, L.P., a Delaware limited partnership
(“GP I”), in its capacity as sole shareholder of VEF Ltd.;

(7) Oaktree Capital I, L.P., a Delaware limited partnership
(“Capital I”), in its capacity as the general partner of GP I;

(8) OCM Holdings I, LLC, a Delaware limited liability company
(“Holdings I”), in its capacity as the general partner of Capital I;

(9) Oaktree Holdings, LLC, a Delaware limited liability company
(“Holdings LLC”) in its capacity as the managing member of Holdings I;

(10) Oaktree Capital Group, LLC, a Delaware limited liability
company (“OCG”), in its capacity as the sole shareholder of Holdings and the managing member of Holdings LLC;
and

(11) Oaktree Capital Group Holdings GP, LLC, a Delaware limited
liability company (“OCGH”), in its capacity as the duly elected manager of OCG.

The principal business address of each of the Reporting Persons
is 333 S. Grand Avenue, 28th Floor, Los Angeles, CA 90071.

Common Units Representing Limited Partnership Interests (“Common
Units”)