PRIVILEGED & CONFIDENTIAL

LAZARD DECLARES QUARTERLY DIVIDEND OF $0.47 PER SHARE

NEW YORK, July 24, 2019 - Lazard Ltd (NYSE: LAZ) today announced that its Board of Directors has voted to declare a quarterly dividend of $0.47 per share on its outstanding Class A common stock. The dividend is payable on August 16, 2019, to stockholders of record on August 5, 2019.

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 on Lazard, please visit www.lazard.com. Follow Lazard at @Lazard.

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LAZ-CPE

Media contact:

Investor contact:

Judi Frost Mackey, +1 212 632 1428

Alexandra Deignan, +1 212 632 6886

judi.mackey@lazard.com

alexandra.deignan@lazard.com

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Disclaimer

Lazard Ltd. published this content on 25 July 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 July 2019 12:24:01 UTC