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ERIC MEDOW TO JOIN LAZARD AS CO-HEAD, GLOBAL TECHNOLOGY, MEDIA AND TELECOMMUNICATIONS, FINANCIAL ADVISORY

NEW YORK, July 30, 2015 – Lazard Ltd (NYSE: LAZ) announced today that Eric Medow will join the firm as a Managing Director and Co-Head of Global Technology, Media and Telecommunications (TMT), Financial Advisory, effective mid-October.

Based in , Mr. Medow will co-head Global TMT with Paul Haigney in , and will work closely with Vincent le Stradic in regarding TMT in Europe, the Middle East and Africa.

“Eric has counseled senior management and boards on many of the most significant telecommunications transactions of the past two decades,” said Alexander F. Stern, Chief Executive Officer of Lazard Financial Advisory. “His relationships, industry knowledge and experience make him a strong addition to our global TMT franchise.”

Mr. Medow has advised telecommunications companies on and strategic matters for the last 25 years. He will join Lazard from , where he served as Head of the Global Telecommunications Group since 2011 and as Co-Head of the North American Communications Group since 2005. Between 1999 and 2001 he was at the Carlyle Group where he was a Managing Director, specializing in Telecommunications private equity investments. He began his career in the Telecommunications and M&A Groups at Salomon Brothers Inc in 1990.

About Lazard

Lazard, one of the world’s preeminent financial advisory and 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.

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Media contacts:

Judi Frost Mackey, +1 212 632 1428 Richard Creswell, +44 20 7187 2305 [email protected] [email protected]

Clare Pickett, +1 212 632 6963 [email protected]

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