Lazard Reports May 2019 Assets Under Management

NEW YORK–(BUSINESS WIRE)–Lazard Ltd (NYSE: LAZ) reported today that its preliminary assets under
management (“AUM”) as of May 31, 2019 totaled approximately $228.7
billion. The month’s AUM included market depreciation of $8.7 billion;
net outflows of $1.4 billion; and foreign exchange depreciation of $0.9
billion.

(1) Preliminary – subject to adjustment

About Lazard

Lazard, one of the world’s preeminent financial advisory and asset
management firms, operates from 43 cities across 27 countries in North
America, Europe, Asia, Australia, Central and South America. With
origins dating to 1848, the firm provides advice on mergers and
acquisitions, strategic matters, restructuring and capital structure,
capital raising and corporate finance, as well as asset management
services to corporations, partnerships, institutions, governments and
individuals. For more information, please visit www.lazard.com.
Follow Lazard at @Lazard.

Cautionary Note Regarding Forward-Looking Statements:

This press release contains forward-looking statements. In some
cases, you can identify these statements by forward-looking words such
as “may”, “might”, “will”, “should”, “could”, “would”, “expect”, “plan”,
“anticipate”, “believe”, “estimate”, “predict”, “potential”, “target,”
“goal”, or “continue”, and the negative of these terms and other
comparable terminology. These forward-looking statements, which are
subject to known and unknown risks, uncertainties and assumptions about
us, may include projections of our future financial performance based on
our growth strategies, business plans and initiatives and anticipated
trends in our business. These statements are only predictions
based on our current expectations and projections about future events.
There are important factors that could cause our actual results, level
of activity, performance or achievements to differ materially from the
results, level of activity, performance or achievements expressed or
implied by these forward-looking statements.

These factors include, but are not limited to, those discussed in our
Annual Report on Form 10-K under Item 1A “Risk Factors,” and also
discussed from time to time in our reports on Forms 10-Q and 8-K,
including the following:

• A decline in general economic conditions or the global or regional
  financial markets;
• A decline in our revenues, for example due to a decline in overall
  mergers and acquisitions (M&A) activity, our share of the M&A market
  or our assets under management (AUM);
• Losses caused by financial or other problems experienced by third
  parties;
• Losses due to unidentified or unanticipated risks;
• A lack of liquidity, i.e., ready access to funds, for use in our
  businesses; and
• Competitive pressure on our businesses and on our ability to retain
  and attract employees at current compensation levels.

Although we believe the expectations reflected in the forward-looking
statements are reasonable, we cannot guarantee future results, level of
activity, performance or achievements. Neither we nor any other person
assumes responsibility for the accuracy or completeness of any of these
forward-looking statements. You should not rely upon forward-looking
statements as predictions of future events. We are under no duty to
update any of these forward-looking statements after the date of this
release to conform our prior statements to actual results or revised
expectations and we do not intend to do so.

Lazard Ltd is committed to providing timely and accurate information
to the investing public, consistent with our legal and regulatory
obligations. To that end, Lazard and its operating companies use their
websites, Lazard’s Twitter account (twitter.com/Lazard) and other social
media sites to convey information about their businesses, including the
anticipated release of quarterly financial results, quarterly financial,
statistical and business-related information, and the posting of updates
of assets under management in various mutual funds, hedge funds and
other investment products managed by Lazard Asset Management LLC and
Lazard Frères Gestion SAS. Investors can link to Lazard and its
operating company websites through www.lazard.com.

LAZ-CPE

Contacts

Investor relations:
Alexandra Deignan +1 212 632 6886
[email protected]

Media
relations:
Hillary Yaffe +1 212 632 6528
[email protected]