. \ > THE SECRETARY-GENERAL 9 March 2000 Dear Steve, Please accept my warm congratulations on the establishment of Quadrangle Group. The four of you bring a wealth of talent to an exciting enterprise. I wish you and your partners every success. Yours sincerely, Kofi A. an Mr. Steven Rattner Quadrangle Group LLC c/o Abernathy MacGregor Group, Inc. New York FEE-29-2300 FROM-ABERNATHY MACGREGOR GROUP T-758 QUADRANGLE GROUP LLC c/o Abcmachy MacGregor Groaps Inc. 501 Madison Avenue New York, NY 10022 FAX MESSAGE KOFI ANXAN UNITED NATIONS 212} 963-3511 STEVEN Tel. N o . (Direct) : (212) 632-6 1 54- Fax Nro. (Direci): (212) 332-5971 Z- Date: February 28, 20UO Number of pages ixxciudiog cover sheen I wanted you to hear about this as soon as possible from roe. Tlie Informatioii contained in this facsimile message is pnvfleged aiid confidential uifotm.irion wt tended oaly for rhc uic o£ ihc individual or tnnt)' nuned he!o\v. If che reader of this message is iiot the intended necipirtic, you arc hc-rtby nooficd that any diiiemination, disEributing or copying of this telecopy is stri-cdy prohibited, If you have received ilais telecopy in error, please immediately notify as by telephone asid ietuni rhc oagmal message to us sc r.hc above address vii die United States Poiial Service. Thank rou. FEB-29-2000 11:§6AM FBOH-ABERNATHY MACCREflOR CROUP T-758 P.002/003 F-8 QUADRANGLE GROUP FORMED TO INVEST IN MEDIA AND COMMUNICATIONS Messrs. Ratmer, Tapper, Ezersky and Steiner founding gangers New York, NY, February 29, 2000 - Steven Rattner, David A. Tanner, Peter R. Ezersky and Joshua L. Sterner, four former Lazard Freres & Co. LLC executives, have formed Quadrangle Group, a private investment firm that will specialize in the media and communications industries. The four founding partners have more than 40 years of experience in private equity and media and communications investment banking. At Lazard Fibres, Mr. Ratmer was most recently Deputy Chairman; Mr. Tanner was a Managing Principal and co-head of Lazard Capital Partners, the firm's domestic private equity group; Mr. Ezersky was a Managing Director and head of the worldwide Media and Communications Group; and Mr. Steiner, a Managing Director in the Media and Communications Group, The primary business of the new firm will be investing private equity in the media and communications industries. In the furore, Quadrangle Group may offer additional financial services in related areas. The firm, said in a statement: "The media and communications industries contain the most exciting sectors of the global economy, with enormous investment opportunities as well as the opportunity to be ai the forefront of a one industrial revolution. We believe that a specialized industry approach to the process of investing will yield substantial benefits. We will be able to invest in companies at every stage of development while remaining within the industries of our greatest comperence. We intend to bring to bear the expertise and unique relationships that we have developed in our more than 40 years of combined work in these areas. Our relationships will allow us to access high quality investment opportunities, which we believe will prove attractive to management teams and other financial partners. Our mission is to become the preeminent invesmjem firm operating in these sectors. "Having worked together for a number of years, we know that we share a commitment to having a true partnership among the four of us as well as with those who may join later, A coUegial working environment is not only our strong preference, it is also good business; it facilitates information flow and sound decision making," - more - FEB-28-ZDCO 11:SGAM FROM-ABERNATHY MACGREGOR GROUP MBS P.303/003 F-8 The firm's effons will be supported by an Advisory Board, which is currently in formation. Among the initial members will be Barry Diller, Amos Hostetters Craig McCaw and Brian Roberts. "We have all enjoyed our time at Lazard immensely and believe Lazard is well positioned to enjoy continued success," the four founding partners of Quadrangle Group said. For further information contact: Steven Bruce/Mary Beth Kissane Abemathy MacGregor Group 212-371-5999 # # # biographies attached.