Lazard Declares Special Dividend and Accelerates Payment of Quarterly Dividend

  Lazard Declares Special Dividend and Accelerates Payment of Quarterly
  Dividend

Business Wire

NEW YORK -- December 11, 2012

Lazard Ltd (NYSE: LAZ), today announced that its Board of Directors has voted
to declare a special dividend of $0.20 per share on its outstanding Class A
common stock. The special dividend is payable on December 27, 2012, to
stockholders of record on December 21, 2012.

The Board of Directors has also voted to accelerate the payment and record
dates of Lazard’s next regular quarterly dividend of $0.20 per share on its
outstanding Class A common stock, which ordinarily would have been payable in
February 2013. The accelerated dividend is payable on December 27, 2012, to
stockholders of record on December 21, 2012.

These actions reflect Lazard’s ongoing commitment to return capital to
stockholders through dividends and share repurchases.

About Lazard

Lazard, one of the world's preeminent financial advisory and asset management
firms, operates from 42 cities across 27 countries in North America, Europe,
Asia, Australia, Central and South America. With origins dating back 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 on Lazard, please visit
www.lazard.com.

Contact:

Lazard
Media:
Judi Frost Mackey, +1-212-632-1428
judi.mackey@lazard.com
or
Investors:
Kathryn Harmon, +1-212-632-6637
investorrelations@lazard.com