Company Profile For Lazard Ltd

Lazard Limited is an international financial advisory and asset management firm that has specialized in crafting solutions to the financial and strategic challenges of the clients. During the year ended December 31, 2008, the Company had served a range of clients globally, including corporations, partnerships, institutions, governments and high-net worth individuals. The Company operates in two business segments: Financial Advisory and Asset Management. On August 13, 2007, the Company completed the acquisition of Goldsmith, Agio, Helms and Lynner, LLC (GAHL). On July 31, 2007, the Company completed the acquisition of Carnegie, Wylie and Company (Holdings) PTY Limited (CWC). On January 31, 2008, the Company completed the acquisition of 50% interest in Merchant Bankers Asociados (MBA).

BRIEF: For the nine months ended 30 September 2009, Lazard Ltd.'s revenues decreased 14% to $1.12B. Net income totaled $12.1M vs. a loss of $34.8M. Revenues reflect a decrease in income from Financial Advisory segment, lower income from Asset Management segment and decreased income from M&A & Strategic Advisory business activity. Net income reflects a decrease in occupancy equipment expenses and lower professional expenses.