LAZARD MIDDLE MARKET HIRES NATHAN PUND AS MANAGING DIRECTOR IN CONSUMER AND RETAIL GROUP

NEW YORK, August 25, 2015 – Ltd (NYSE: LAZ) announced today that Nathan Pund has joined its subsidiary, Lazard Middle Market, as a Managing Director in its Consumer and Retail group, focused on active lifestyle sectors. He is based in Charlotte, North Carolina.

“Nate has built a national reputation over nearly two decades as a top financial advisor in the active lifestyle, outdoor and tactical sectors,” said David Solomon, CEO of Lazard Middle Market. “His athletic and military background brings added credibility in these areas.”

Since 2005, Mr. Pund has advised on more than 40 M&A and other financial transactions for well-known active lifestyle, outdoor and tactical brands. He was a co-founding Partner and Managing Director at Silver Steep Partners, a boutique investment focused on the active outdoor industry from 2005 until 2010, when it was sold to D.A. Davidson, where he served as a Managing Director and Group Head of the , Active Lifestyle group, prior to joining Lazard Middle Market. Earlier in his career, Mr. Pund was a Vice President at RBC Capital Markets and a senior analyst at Prudential Securities. He served in the U.S. Navy as an Intelligence Officer with NCIS, Special Operations Command Central and the Pacific Fleet and is a graduate of Survival, Evasion, Resistance, Escape (SERE) School and the Combat Lifesaver Course. He received a Master of Business Administration from Dartmouth’s Tuck School of Business.

About Lazard Middle Market Lazard's middle market advisory practice provides financial and strategic advice on , restructuring, and placements of equity and debt to mid-sized companies. Its senior professionals bring deep sector expertise and relationships with relevant CEOs and board members, while leveraging the global resources of Lazard. For more information, please visit www.lazardmm.com.

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 , as well as asset management services to corporations, partnerships, institutions, governments and individuals. For more information, please visit www.lazard.com.

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